Uniswap fee switch proposal is killing the decentralized DAO model.

Uniswap foundation activities move to Uniswap Labs, meaning...

...decision power moves from a non-profit organization governed by $UNI holders to a Delaware centralized corporation.

- Most Foundation employees move to Uniswap Labs

- The Foundation only keeps a tiny grants team

- After the remaining ~$100M grants are deployed, the Foundation shuts down

Thus $UNI token is no longer a DAO token but a token purely valued by buybacks/fees Uniswap will be able to generate.

It's not a criticism but admitting the facts that:

- The DAO model was indeed just pretending decentralization due to regulatory struggles

- DAOs are inefficient at governing and allocating resources

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Uniswap isn't the first to do it either:

- Scroll fully shuts down the DAO and moved to centralized governance

- Arbitrum's "Vision for the Future" moves many decisions to the core group of Arbitrum Foundation and Offchain Labs to 'fix inefficiencies'

- Optimism Season 8 centralizes power by moving real decisions to curated stakeholder groups and councils while tokenholders only keep veto rights

- Lido’s BORG model centralizes execution into legal foundations run by appointed directors while the DAO only sets high level direction

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The famous a16z "Progressive Decentralization" model of finding PMF and exiting to the community for sufficient decentralization is dying.

Or it was just simply pretending in the first place.

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