A Uniswap crypto delegate known as Pepo Rage-Quit the Dao, calling the Uniswap Foundation in a Power AAD farce.
In a movement that ignited a new controversy on the Defi platform, an outstanding Uniswap delegate known as Pepo Rage-Quit the Dao, calling the UNISWAP Foundation to convert decentralized governance into a farce upward.
Pepo, who controlled 455,000 UNI and qualified among the 20 main voters delegates, did not stop.
Uniswap Crypto Delegate calls uniswap Foundation faults
https://t.co/tfejyc4lvt
– Pepo (@0xpepo) May 5, 2025
In a scathing publication in X, he accused the foundations of marking Dao voices, ignoring delegated criticism and isolating ITELF of compromising significantly to comments.
“The behavior of the Foundation seems to have prioritized isolation on collaboration, and in doing so, it may have actively harmed Uniswap,” Pepo wrote.
His departure is not just symbolic. It is a red flap fired on the arc of the $ 4B protocol, which raises serious doubts about how decentralized Uniswap.
In the center of the storm is the Treasury subsidy of $ 165 million approved by the DAO in March, the money that the Foundation is now using with what critics have criticized as an alarming autonomy.
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The Uniswap Foundation tries to sweep the drama under the carpet
Operating technically as a non -profit organization, the Foundation was intended to serve the DAO. But some now argue that it is becoming their own center of power, inexplicable and silently aligned with Uniswap Labs, the for profit entity that gave birth to the protocol.
Delegated participation is essential for the success of the UNISWAP ecosystem and the @Uniswapfndd Your comments are taken seriously.
In fact, we are the only important protocol foundation that is financed through the express approach of the delegates. We were not equipped with tokens in the …
– Devin Walsh (@devinawalsh) May 6, 2025
Devin Walsh, Executive Director of the Foundation, gave the usual public relations brightness: “Delegated participation is essential … We take your comments seriously.”
But behind the scene, it is a different story.
Multiple sources say that key decisions are being discussed in private channels, which have occurred among the great wallet holders long before they reach the eyes of community forums.
Some delegates call it “Dao Theater”, where votes are heroes after real calls have already made a leg as puppets.
This is not the first time that decentralization in UNISWAP has been questioned. In October, Billy Gao by Stanford Blockchain Club criticized Uniswap Labs for launching its own block chain without damage, qualifying it as a clear governance failure.
Even the formation of a new “base feedback group” on May 1 has not facilitated tensions. Delegates say it’s very little, too late.
“It is a loss for any DAO when a delegate feels that the only way to have an impact is to resign,” said Papermimperium of GFX Labs in comments to Coindesk.
As UNI tokens headlines wonder who is really directing the ship, one thing is clear: decentralization in Uniswap is still a work in progress, and if not an illusion of the brand, things should change quickly.
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Post Uniswap’s drama explodes: Top Dao Delegate Rage-Thes about the power of “isolated” power first appeared in 99bitcoins.