Uniswap to conduct on-chain voting on May 31 despite SEC Wells notice, UNI could extend gains over 20%

Uniswap (UNI) is the governance token of the decentralized exchange platform.

Uniswap plans to conduct on-chain voting to automate fee collection and distribution on May 31. The DeFi project is pushing forward despite the SEC Wells Notice received in April 2024. UNI could extend gains and rally 20%, erasing losses from April. Uniswap is the governance token of the decentralized exchange platform. The project received a Wells Notice in April 2024 and responded to it in May.

It is the first widely used… — Marvin Ammori May 21, 2024 The protocol therefore responded to the Wells Notice and is preparing to conduct on-chain voting on May 31. The vote will help automate fee collection and distribution and UNI holders who wish to participate in the vote are required to delegate their tokens prior to the date of the vote.

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