PANews reported on May 7 that according to CoinDesk, Pepo, an important representative of Uniswap DAO, announced his withdrawal from governance on Monday. The anonymous representative, who holds 455,000 UNI tokens (worth about $3 million), complained on social media that the non-profit Uniswap Foundation has bypassed community governance and monopolized decision-making power. This conflict exposed the deep-seated contradictions in the governance of DeFi protocols. Although Devin Walsh, executive director of the Uniswap Foundation, emphasized "attaching importance to representative feedback", Pepo pointed out that the organization prefers closed operations rather than open collaboration. In March of this year, DAO approved a $165 million grant to the foundation for ecological development, but some representatives questioned the lack of transparency in the use of funds.