On june 10 2021, I sold all my UNI (@ 32 usd) bc of the clear legal troubles that were coming down. I put it all into SOL (@ 35 usd).
You can see this in my post here: Consensus Check - UNI should fund a political defense organization for decentralized finance - #106 by jchervinsky (control + f ‘solana’ )
Since then my position is up by 5.5x and UNI is down 20% … the justification for me doing this is that Uniswap Labs is based in NYC, USA ← literally the worst place to be from a regulatory perspective. So all their VC backing was not able to successfully advise them to at least not be in NYC but also to not be in USA.
Additionally, the Defi Education Fund, which is approximately $50 mm in $UNI Tokens which was pushed thru without even a public call - what did it result in?
—The infra bill passed,
—The SEC has started an inquiry which Jake Chervinsky leader of the DEFI Edu fund does not think is a big deal - LOL! Yes 24/365 protocol that does over $1 billion + in volume per 24h its not a big deal when govt starts an inquiry LOL!
—UNI token drop by 20%
If this $50 million was put into $SOL token as I advised, it would be worth over $250 million now. This would be more than enough money for the community to do whatever it wants for a decade.
Its important to not blindly follow religion and to also think outside the box.
Lawyers are not the foundation of crypto - developers are.
I am proposing to manage 10,000 UNI tokens for 1 year. I will invest them how I think best and will return all funds at the end of 1 year. I will not take a fee.
The community can then decide what to do with the gains.