Uniswap decided to decentralize its protocol governance to compete with the Sushiswap fork, but a new report suggests protocol control will remain centralized for quite a while. Crypto research firm Glassnode suggested in a Sept. 24 report that Uniswap’s governance decentralization will be for appearances only. In the paper, Glassnode explains that Uniswap’s UNI governance token was introduced as an answer to Sushiswap’s SUSHI governance token. The issuance of the decentralized finance (DeFi) token is presumably a measure meant to ensure that the original protocol remains competitive against its newer fork. Still, the report claims that Uniswap’s “transition toward token-based governance via the UNI token falls far short of true…

Binance CEO CZ could seize control of Uniswap, according to a new Glassnode report. But would he? (Photo: CoinMarketCap)