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Popular DeFi platform Uniswap announced that it has postponed the FeeSwitch vote. The vote was addressing the fee change process. According to a post on the social media platform X, the process that started last week was supposed to end on May 31. However, due to recent developments, a decision was made to postpone the vote.
Uniswap Team Takes Notable Step
DeFi platform Uniswap caught the attention of Web3 users with its decision regarding the FeeSwitch vote. The vote, which was planned to end today, was postponed due to the sensitivity of the proposed upgrade. In a post published by the team on their official X account, apologies were extended to all users, and it was stated that any developments on the matter would be shared with the public.
In a post published on May 24 regarding the vote, it was announced that the platform’s fee mechanism would initiate a vote to reward UNI holders who stake and delegate their assets to the platform. The team, addressing a sensitive process for the upgrade, did not specify when the vote would end, drawing criticism from investors.
