Crypto VC Firm A16z’s Role in Uniswap Vote Sparks Debate Over Concentration of Voting Power

According to a tweet from Lazzarin, a16z’s head of engineering, “We delegate ~40m votes to outside groups (with no conditions on how they vote).” Lazzarin did not specify the full size of a16z’s UNI holdings and neither did the representative that spoke to CoinDesk. But based on Lazzarin’s tweets, a16z owns at least 55 million UNI altogether, counting the tokens it has delegated. The a16z representative told CoinDesk, moreover, that its agreements with delegates theoretically allow the firm to re-claim its delegated tokens should it so choose.