Why One of Uniswap DAO’s Most Outspoken Members Decided to Leave His Positions in Desperation
Posted by Tim Craig | Edited by: Aoyon Ashraf Updated: May 7, 2025 3:25 pm Published: May 7, 2025 3:25 pm
One prominent member of the Uniswap DAO left the project on Monday in frustration, fearing that other interested parties have too much influence over the decentralized protocol.
Pepo, an anonymous delegate trusted by other token holders to represent their interests, has been involved in Uniswap governance since 2023. He held 455,000 UNI tokens, making him one of the 20 most influential delegates.
The reason for his departure? Other organizations involved in Uniswap governance, most notably the Uniswap Foundation, ignored the opinions of DAO members and were closed to feedback, Pepo said in a post to X.
“The Foundation’s actions appeared to favor isolation over cooperation, which could negatively impact Uniswap,” Pepo argued.
Devin Walsh, director of the Uniswap Foundation, did not comment directly to CoinDesk when asked about the claims. However, she has denied the allegations on social media.
“Delegates’ participation is critical to the success of the Uniswap ecosystem,” she noted in X. “The Uniswap Foundation takes their feedback seriously.”
According to DefiLlama data, Uniswap is the largest decentralized exchange with deposits of about $4 billion, down 60% from its peak of about $10 billion in total funds locked in 2021-2022 .
Like many DeFi prot
Your email address will not be published. Required fields are marked *