Uniswap’s first governance vote fails ... despite 98% support
Uniswap’s first governance proposal has ended in defeat, with votes in favor falling a whisker short of the required threshold. The first governance vote for decentralized exchange (DEX) Uniswap has ended in failure, despite the proposal attracting overwhelming support of 98% of votes cast. Despite this, it fell roughly 1% short of the 40 million votes threshold needed for approval by the close of voting.The poll ended earlier today with almost 39.6 million UNI staked in favor, compared to roughly 700,000 opposed. DeFi blogger Danger Zhang (‘@safetythird’) described the vote as “the DeFi....
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The vote had been intended to decide whether or not to reduce the thresholds required to make and pass proposals on the DeFi protocol.
Uniswap’s first community governance proposal is up for a vote. The Uniswap community is currently holding its first-ever vote, set to be completed by October 19. Up for consideration is the reduction of thresholds required to submit governance proposals and quorums.In recent weeks, there has been much discussion and criticism about the protocol’s standing governance framework. A post by the market intelligence platform Glassnode concluded that with its current setup, only Uniswap’s centralized competitor Binance would be able to successfully submit a governance proposal. Though the latest....
The votes were staggeringly in favor, but a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.
The foundation aims to streamline Uniswap's grants program and "reinvigorate governance." The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the....
A detailed blow-by-blow of one of the most closely watched governance decisions in the history of DeFi.