Uniswap Foundation Proposed Changes To Community Governance Process
The Uniswap Foundation is putting a series of governance amendments to a vote, claiming that they will simplify voting in the decentralized autonomous organization that operates Uniswap.
According to a forum post by Devin Walsh, the foundation’s executive director, Uniswap community members will be able to vote on a reorganization package that would increase the DAO’s efficiency and efficacy on December 14.
The most significant change would be a reduction in the requirement for off-chain snapshot votes prior to on-chain votes in the governance. It would significantly raise the bar for obtaining preliminary votes, preventing lower-quality proposals from passing. The final governance votes will remain unchanged.
Revisions and updates to Request for Comment include: increasing the new “RFC” process to a minimum of 7 days rather than the originally proposed 3 days; increasing the quorum for the new Temperature Check, the remaining off-chain Snapshot poll, to 10 million UNI rather than the originally proposed 5 million UNI; increasing the quorum to 10 million UNI increases the effectiveness of this phase as a signal of community support.
Community members have been active in their attempts to simplify governance and reduce friction within the protocol. In August, they resolved to establish the Uniswap Foundation to strengthen the community’s fiscal management.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Author
DeFi
Uniswap Foundation Proposed Changes To Community Governance Process
The Uniswap Foundation is putting a series of governance amendments to a vote, claiming that they will simplify voting in the decentralized autonomous organization that operates Uniswap.
According to a forum post by Devin Walsh, the foundation’s executive director, Uniswap community members will be able to vote on a reorganization package that would increase the DAO’s efficiency and efficacy on December 14.
The most significant change would be a reduction in the requirement for off-chain snapshot votes prior to on-chain votes in the governance. It would significantly raise the bar for obtaining preliminary votes, preventing lower-quality proposals from passing. The final governance votes will remain unchanged.
Revisions and updates to Request for Comment include: increasing the new “RFC” process to a minimum of 7 days rather than the originally proposed 3 days; increasing the quorum for the new Temperature Check, the remaining off-chain Snapshot poll, to 10 million UNI rather than the originally proposed 5 million UNI; increasing the quorum to 10 million UNI increases the effectiveness of this phase as a signal of community support.
Community members have been active in their attempts to simplify governance and reduce friction within the protocol. In August, they resolved to establish the Uniswap Foundation to strengthen the community’s fiscal management.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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