2026-01-13 01:25:59

Stop saying "it will rise after falling too much." What UNI is experiencing is no longer an ordinary correction.

Triple pressures are hitting simultaneously, and this is a real issue. First is regulation: the crypto market structure bill currently advancing in the US Congress has made DeFi a target. Mainstream voices oppose it, and once the bill takes effect, the legal status of governance tokens will instantly become blurred, or even classified as securities. This is not a threat; it is happening right now.

Second, the treasury continues to bleed. The unlock plan of 20 million tokens annually will continue for ten years. Imagine—no matter how much the price rises, this permanent hole must be filled first. Plus, the team holds the power to mint additional tokens. The 0.44% burn rate looks attractive, but the team can always initiate a 2% annual increase through voting. Burning is just a story; issuance is the reality.

This reflects the structural contradictions of the entire traditional DeFi model: how to accept regulatory frameworks while still preserving the essence of decentralization? Under the constraints of real-world financial rules, how much room for survival is there?

As mainstream DeFi struggles under the shadow of compliance, a new generation of public chains designed for compliance is attracting institutional capital transfer. This may signal the end of the DeFi old era.

UNI6,13%

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MEVHunter

· 01-13 01:54

nah that's just the official cope narrative tbh. team's holding the printer & treasury bleeding out—classic death spiral disguised as "structural transition" lol

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StrawberryIce

· 01-13 01:52

Regulation + unlocking + issuance increase, three major obstacles pressing down at the same time, this is indeed not a problem that can be solved by a simple correction. UNI's situation is a bit difficult, a ten-year bleeding plan can't stop it at all. Honestly, the road of DeFi is getting narrower and narrower. Will it rise after falling too much? This logic might really not work for UNI. The shackles of compliance are locked in, what is left of decentralization? The power to increase issuance is in the hands, and all the token burns are just a facade. It seems that governance tokens being classified as securities is not a joke; this matter must be taken seriously. If the team can vote to initiate a 2% issuance increase, then what is the point of burning 0.44%? Institutional funds are all rushing to new public chains, how can UNI have any hope of a rebound? The reality is that the treasury still has to release 20 million tokens every year, and it’s not allowed to rise. The old era of DeFi might really be over this time.

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BoredApeResistance

· 01-13 01:50

Wow, this is truly overwhelming pressure. Regulation + bleeding + issuance rights, UNI is under multi-faceted attack. Wait, is the destruction story turning into reality? I've seen this trick too many times; tokenomics are inherently fragile. Is DeFi really entering a new generation? It feels like the shift to compliant chains is accelerating. Ten years of bleeding from the treasury, who came up with this design initially? It's really a bit risky. Stop talking about long-term value; right now, it's just a game of strategy.

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GasSavingMaster

· 01-13 01:42

Alright, alright, stop talking to me about the "bottom-up thinking" nonsense. UNI is really different. Regulators' sword hangs over our heads, governance tokens can turn into securities in minutes, who can handle that? The treasury is pouring out 20 million tokens every year, a decade-long hole, and even if it increases, it's pointless. The most heartbreaking part is that the burns are fake; the power to mint is in their hands. That's just how cruel reality is. For DeFi to survive, it has to bow and scrape. Does that still count as decentralization? Laughs. Institutions are all watching new chains. Old DeFi really should come to an end. This wave of UNI might have created a trap that can't be filled once fallen into.

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