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Uniswap’s First Community Proposal To Reduce Governance Thresholds Failed
Summary: A vote to lower the barrier to entry for passing protocols on Uniswap’s governance mechanism failed to get enough votes. To approve the measure, Uniswap’s users staked 39,596,759 tokens in favor of the motion--just shy of the 40 million UNI tokens (about $130 million) it needed for approval. The proposal aimed to reduce the number ...
A vote to lower the barrier to entry for passing protocols on Uniswap’s governance mechanism failed to get enough votes.
To approve the measure, Uniswap’s users staked 39,596,759 tokens in favor of the motion--just shy of the 40 million UNI tokens (about $130 million) it needed for approval.
The proposal aimed to reduce the number of tokens necessary to pass votes from 40 million UNI to 30 million UNI (about $90 million) and reduce the number of tokens required to make proposals from 10 million UNI (about $30 million) to 3 million UNI (about $9 million).
By Amy Liu
Tags: Governance,Thresholds,Uniswap
Link: Uniswap’s First Community Proposal To Reduce Governance Thresholds Failed [Copy]
