One of the largest holders of UNI tokens, the governance tokens of Uniswap, has raised concerns about the platform's decentralization and alleged backroom deals. The Head of Governance at Stanford Crypto criticized Uniswap for launching its own blockchain, killing a proposed fee switch, and bypassing the decentralized autonomous organization (DAO) that governs Uniswap. The decision to launch Unichain left delegates in the dark and mutated the ERC-20 contract of UNI. The delegate also questioned the undisclosed financial interest between Uniswap Labs and Optimism, a competing blockchain that publishes data onto Ethereum. The delegate raised suspicions of a backroom deal and questioned why Uniswap Labs chose Optimism instead of other market leaders like Arbitrum. This critique adds to previous criticisms of Uniswap's decentralization efforts, which have been accused of favoring monied interests.



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