{"id":467494,"date":"2021-07-14T22:33:47","date_gmt":"2021-07-14T22:33:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=467494"},"modified":"2021-07-14T22:45:55","modified_gmt":"2021-07-14T22:45:55","slug":"uniswap-20m-grant-to-defi-education-fund","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","title":{"rendered":"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?"},"content":{"rendered":"<p>There has been a lot of debate around decentralized exchange <a href=\"https:\/\/uniquehot.com\/analysis\/uni\/uniswap-uni-sets-new-ath-45\/\" target=\"_blank\">Uniswap<\/a> and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million UNI, the protocol\u2019s native governance token, to be lobby and increase the DeFi sector level of adoption. The funds are to be liquidated in 4 to 5 years.<\/p>\n<p>The proposal to created DEF was introduced by the Harvard Law Blockchain and Fintech Initiative (HLSBFI), a student <a href=\"https:\/\/orgs.law.harvard.edu\/hlsbfi\/\" target=\"_blank\" rel=\"nofollow\">organization<\/a> dedicated to developing this institution&#8217;s students\u2019 knowledge on blockchain technology and the FinTech ecosystem.<\/p>\n<p>About a month ago, the DEF sold 500,000 UNI ($10 million) aided by crypto exchange Genesis, via an Over the Counter (OTC) deal. After this tweet, all hell broke loose, and many went to said that the organization was \u201clooting\u201d <a href=\"https:\/\/uniquehot.com\/news\/this-is-why-uniswap-v3-could-have-insane-efficiency\/\">Uniswap<\/a>\u2019s treasury.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">With the help of <a href=\"https:\/\/twitter.com\/GenesisTrading?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@GenesisTrading<\/a>, we sold 500k UNI for ~$10.2M USDC in order to fund the efforts of the Defi Education Fund. <\/p>\n<p>In the next 24 hours, we will be sending 500k UNI to Genesis and receiving ~$10.2M USDC in return.<\/p>\n<p>&mdash; DeFi Education Fund (@fund_defi) <a href=\"https:\/\/twitter.com\/fund_defi\/status\/97394178?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a Medium <a href=\"https:\/\/medium.com\/@defieducationfund\/defi-education-fund-update-e665cee774e9\" target=\"_blank\" rel=\"nofollow\">post<\/a>, the DEF argued that regulatory Dynamic and the \u201cstate of global policy proposals\u201d, should keep a level of flexibility and speed to spend the funds. Thus, they converted them into USDC. The money will still be used to begin their work and set up future operations, the organization said:<\/p>\n<blockquote><p>(\u2026) we expect the vast majority of DEF\u2019s expenses will be dollar-denominated, the UNI funds must be diversified into dollars. Diversifying half of the 1M total allocation provides the DEF with a sustainable budget to weather any market downturns and allows the DEF to rapidly get to work.<\/p><\/blockquote>\n<p>They claim that regulations in the U.S. and Europe are DeFi\u2019s greatest threat. Thus, they are allegedly preparing for the possibility that regulators in these regions stripped DeFi protocols and their community from liberties to which they have \u201cbecome accustomed\u201d.<\/p>\n<h2>Has Uniswap And Other DeFi Protocols Governance Model Been Compromised?<\/h2>\n<p>Partner at Cinneamhain Ventures, Adam Cochran, summarized and expressed most of the concerns from the Uniswap and crypto community. Cochran classified the process as a \u201cbig botch\u201d with failures in transparency and communications from the DeFi Education Fund.<\/p>\n<p>In addition, he questioned the way that this entity liquidated half their funds and suggested that \u201cDeFi savvy people\u201d will find a better use for them. According to Cochran the $10 million are \u201csitting idle in a wallet\u201d when they could lock the UNI in Compound, Aave, <a href=\"https:\/\/uniquehot.com\/news\/polygon-vault-makerdao-matic-tokens\/\">MakerDAO<\/a>, or other DeFi protocols for a yield.<\/p>\n<p>The expert added that the initial proposal should have included a vesting period for the funds. Cochran <a href=\"https:\/\/twitter.com\/adamscochran\/status\/14711811\" target=\"_blank\" rel=\"nofollow\">said<\/a>:<\/p>\n<blockquote><p>Uniswap gave $20M to an unsupervised group, over which no one has any governance authority, who has already made questionable judgements, has poor defi practices, and even when called out provide unprofessional communications with weak arguments to their position.<\/p><\/blockquote>\n<p>Later, he concluded that the DEF has failed \u201cso far\u201d at core tasks, represent the Uniswap community, understanding DeFi, and in the proper administration of their organization. Cochran added:<\/p>\n<blockquote><p>This should serve as a call for all DAOs to seriously evaluate their governance models and should also raise into question the large delegations that VCs have given to student organizations.<\/p><\/blockquote>\n<p>In that sense, Cochran believes that DAO governance still has a long way to go to refine its voting and governance processes.<\/p>\n<p>At the time of writing, <a href=\"https:\/\/uniquehot.com\/news\/pancakeswap-gunning-for-uniswap-as-cake-hits-20-ath\/\">Uniswap (UNI) trades<\/a> at $18,05 with a 2.3% loss in the daily chart.<\/p>\n<figure id=\"attachment_467496\" aria-describedby=\"caption-attachment-467496\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-467496 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/07\/Uniswap-UNI-UNIUSDT.png?resize=860%2C512\" alt=\"Uniswap UNI UNIUSDT\" width=\"860\" height=\"512\"><figcaption id=\"caption-attachment-467496\" class=\"wp-caption-text\">UNI trends to the downside in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/\" target=\"_blank\" rel=\"nofollow\">UNIUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million UNI, the protocol\u2019s native governance token, to be lobby and increase the DeFi sector level of adoption. The funds are to be liquidated in 4 to 5 years. The proposal to created DEF was introduced by the Harvard Law Blockchain and Fintech Initiative (HLSBFI), a student organization dedicated to developing this institution&#8217;s students\u2019 knowledge on blockchain technology and the FinTech ecosystem. About a month ago, the DEF sold 500,000 UNI ($10 million) aided by crypto exchange Genesis, via an Over the Counter (OTC) deal. After this tweet, all hell broke loose, and many went to said that the organization was \u201clooting\u201d Uniswap\u2019s treasury. With the help of @GenesisTrading, we sold 500k UNI for ~$10.2M USDC in order to fund the efforts of the Defi Education Fund. In the next 24 hours, we will be sending 500k UNI to Genesis and receiving ~$10.2M USDC in return. &mdash; DeFi Education Fund (@fund_defi) July 12, 2021 In a Medium post, the DEF argued that regulatory Dynamic and the \u201cstate of global policy proposals\u201d, should keep a level of flexibility and speed to spend the funds. Thus, they converted them into USDC. The money will still be used to begin their work and set up future operations, the organization said: (\u2026) we expect the vast majority of DEF\u2019s expenses will be dollar-denominated, the UNI funds must be diversified into dollars. Diversifying half of the 1M total allocation provides the DEF with a sustainable budget to weather any market downturns and allows the DEF to rapidly get to work. They claim that regulations in the U.S. and Europe are DeFi\u2019s greatest threat. Thus, they are allegedly preparing for the possibility that regulators in these regions stripped DeFi protocols and their community from liberties to which they have \u201cbecome accustomed\u201d. Has Uniswap And Other DeFi Protocols Governance Model Been Compromised? Partner at Cinneamhain Ventures, Adam Cochran, summarized and expressed most of the concerns from the Uniswap and crypto community. Cochran classified the process as a \u201cbig botch\u201d with failures in transparency and communications from the DeFi Education Fund. In addition, he questioned the way that this entity liquidated half their funds and suggested that \u201cDeFi savvy people\u201d will find a better use for them. According to Cochran the $10 million are \u201csitting idle in a wallet\u201d when they could lock the UNI in Compound, Aave, MakerDAO, or other DeFi protocols for a yield. The expert added that the initial proposal should have included a vesting period for the funds. Cochran said: Uniswap gave $20M to an unsupervised group, over which no one has any governance authority, who has already made questionable judgements, has poor defi practices, and even when called out provide unprofessional communications with weak arguments to their position. Later, he concluded that the DEF has failed \u201cso far\u201d at core tasks, represent the Uniswap community, understanding DeFi, and in the proper administration of their organization. Cochran added: This should serve as a call for all DAOs to seriously evaluate their governance models and should also raise into question the large delegations that VCs have given to student organizations. In that sense, Cochran believes that DAO governance still has a long way to go to refine its voting and governance processes. At the time of writing, Uniswap (UNI) trades at $18,05 with a 2.3% loss in the daily chart.<\/p>\n","protected":false},"author":535,"featured_media":459569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[82849,80532,82852],"class_list":["post-467494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-uni","tag-uniswap","tag-uniusdt"],"acf":[],"yoast_head":"\n<title>Controversy Over Uniswap $20M Grant To &quot;DeFi Education Fund&quot;, Failed Governance Model?<\/title>\n<meta name=\"description\" content=\"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Controversy Over Uniswap $20M Grant To &quot;DeFi Education Fund&quot;, Failed Governance Model?\" \/>\n<meta property=\"og:description\" content=\"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-14T22:33:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-14T22:45:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"704\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?\",\"datePublished\":\"2021-07-14T22:33:47+00:00\",\"dateModified\":\"2021-07-14T22:45:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\"},\"wordCount\":562,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517\",\"keywords\":[\"UNI\",\"Uniswap\",\"UNIUSDT\"],\"articleSection\":[\"DeFi\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\",\"url\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\",\"name\":\"Controversy Over Uniswap $20M Grant To \\\"DeFi Education Fund\\\", Failed Governance Model?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517\",\"datePublished\":\"2021-07-14T22:33:47+00:00\",\"dateModified\":\"2021-07-14T22:45:55+00:00\",\"description\":\"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517\",\"width\":704,\"height\":517,\"caption\":\"Source: Unplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/uniquehot.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Controversy Over Uniswap $20M Grant To \"DeFi Education Fund\", Failed Governance Model?","description":"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","og_locale":"en_US","og_type":"article","og_title":"Controversy Over Uniswap $20M Grant To \"DeFi Education Fund\", Failed Governance Model?","og_description":"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million","og_url":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-07-14T22:33:47+00:00","article_modified_time":"2021-07-14T22:45:55+00:00","og_image":[{"width":704,"height":517,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?","datePublished":"2021-07-14T22:33:47+00:00","dateModified":"2021-07-14T22:45:55+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/"},"wordCount":562,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517","keywords":["UNI","Uniswap","UNIUSDT"],"articleSection":["DeFi"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","url":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","name":"Controversy Over Uniswap $20M Grant To \"DeFi Education Fund\", Failed Governance Model?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517","datePublished":"2021-07-14T22:33:47+00:00","dateModified":"2021-07-14T22:45:55+00:00","description":"There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). \u00a0This entity received $20 million or 1 million","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517","width":704,"height":517,"caption":"Source: Unplash"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?","url":"http:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/defi\/uniswap-20m-grant-to-defi-education-fund\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517"},"articleSection":"DeFi","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["uni","uniswap","uniusdt"],"dateCreated":"2021-07-14T22:33:47Z","datePublished":"2021-07-14T22:33:47Z","dateModified":"2021-07-14T22:45:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Controversy Over Uniswap $20M Grant To &#8220;DeFi Education Fund&#8221;, Failed Governance Model?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/defi\\\/uniswap-20m-grant-to-defi-education-fund\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/defi\\\/uniswap-20m-grant-to-defi-education-fund\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Uniswap-UNI24.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Uniswap-UNI24.jpg?fit=704%2C517\"},\"articleSection\":\"DeFi\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"uni\",\"uniswap\",\"uniusdt\"],\"dateCreated\":\"2021-07-14T22:33:47Z\",\"datePublished\":\"2021-07-14T22:33:47Z\",\"dateModified\":\"2021-07-14T22:45:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Uniswap-UNI24.jpg?fit=704%2C517","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/467494"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=467494"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/467494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/459569"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=467494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=467494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=467494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}