DeFiEducationFund responds to the divestment from UNI: It has a level of self-regulation and publishes its annual financial statements in 90 days.

2021-7-15 08:22
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According to the report, DeFi Education Fund (or DEF), which previously sold 500,000 UNI tokens, responded to the token sale with an unexpected and swift exchange and 1 million tokens split into two over the next three years. However, since DEF still has some decision-making autonomy and most DEF costs are included in US dollars, half of the tokens are funded by the USDC for their work. On the day of the sale, sales represented less than 5% of UNI's commodities daily and had no negative effect on UNI's market value. DEF also announced that it will announce its annual budget within 90 days. The authors of DEF recommendations are not part of the board of directors and do not belong to the budget committee. Currently, four of the seven DEF members hold key positions in DeFi software development companies, one being Larry Sukernik, founder of Reverie, a DAO expert.

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