Today I saw a large amount of UNI transferred to Binance, and I found that this address was transferred from the governance address. It should have been transferred to the foundation’s address, but what is this large amount of UNI used for?
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The Uniswap Foundation is selling UNI tokens through a market maker (hopefully) that uses Binance for liquidity. The future of finance seems to be selling DEX tokens on a centralized exchange that launched an extractive Uniswap fork on BSC.
If only the foundation had focused more on creating deeper onchain liquidity and volume so that LPs could at least benefit from the increased volume. If they had focused on Uniswap users instead of themselves and created innovative mechanisms over the past few years to sell UNI tokens without relying on unaligned competitors. It’s a pretty sad state of affairs. At least Uniswap Labs and salaried foundation workers are doing well. 
Unfortunately, protocols often die by the sword of user extraction
I can accept UNI transfer to CEX, but the community doesn’t know what the money is for. I also don’t know why I agreed to use the money.
It is for operating expenses: payroll, contract/professional fees, internal operations, external events, marketing, and legal.
https://gov.uniswap.org/t/governance-proposal-uniswap-unleashed/25251
But shouldn’t the purpose of each sum be made public? Because this is a very large amount of funding approved.
Usually movements of sells are not publicly stated until after they happen to minimize the risk of front running selling by other UNI holders, and market makers.
However, having the UNI moved directly to Binance instead of a firm is somewhat puzzling, as it creates the assumption of immediate selling.
It would be helpful to clarify whether the UNI is being sold directly by foundation team members (unprofessional), or if they have hired someone (professional market maker) to sell it with minimal market impact. The onchain liquidity for UNI/ETH and UNI/USD is very thin, so cashing out tens of millions of USD without a plan could easily wipe billions off the market cap.
This is what was stated in the Unleashed Proposal:
“To support us in treasury operations, we have onboarded with three established trading and advisory firms. We are confident we can implement strategies that fund our operational and grants needs while minimizing market impact on an ongoing basis.” @devinwalsh
The liquidity of UNI/ETH and v4 should be greatly increased, and then slowly sold on the chain. It is very strange that a product specializing in dex actually gives the handling fee to cex.