Blockchain at Berkley, a student-run blockchain organization, has become the tenth largest delegate for the Uniswap exchange, highlighting the various groups involved in the emerging DeFi platform.
The student group has collected 2.5 million votes and is connected to three other organizations, according to to Sybil, an Ethereum management tool. That gives Blockchain at Berkley a voting weight of 2.336%. Dharma is the largest delegate with 16,659,333 votes, or 14,632%.
– Blockchain at Berkeley (@CalBlockchain) December 21, 2020
Founded in October 2016, Blockchain at Berkeley describes itself as a “hub for blockchain innovation” providing consulting, design and education services. His partners include Ethereum, Universal Protocol and Hyperledger.
Blockchain at Berkeley executive Katherine Plotz told Cointelegraph that her team is now leading meetings “to review the proposals from Uniswap and Compound, look at them from all angles and see the pros and cons before casting a vote.”
Andrew Kirillov, the organization’s head of education, added:
“This opportunity to join the board is arguably the best context our members could have for future contributions in the blockchain space. […] We hope to show the ecosystem how much thought we have put into our analysis of space … “
Uniswap’s first board vote in October ended in failure after delegates were unable to pass the minimum threshold of 40 million votes needed for approval. A second vote was cast on October 31 reports for a similar reason. Blockchain at Berkley did not participate in either of the two votes.
Uniswap has emerged as the largest decentralized exchange, although its governance has been scrutinized. Industry observers often have complained about UNI whales, which they claim control the ecosystem. Earlier this month, Uniswap’s total volume was more than $ 50 billion across 26,000 trading pairs, underscoring the growing usefulness of decentralized financial exchanges.
Blockchain at Berkeley did not immediately respond to a request for comment.