The Uniswap Foundation’s proposed changes to the governance of the usual decentralized trade Uniswap (UNI) passed unanimous pre-vote. The proposal, which entails changing the rate mechanism to reward users who delegate and stake Uniswap altcoins on the platform, acquired 100% approval in a take a look at vote.
The take a look at vote is a snap ballotdesigned to gauge the Uniswap community’s preliminary opinions on the offering. Balloting started on March 1 and ended at the new time with the approval of all delegates. Uniswap Foundation will now submit an on-chain vote on March 7.
The Uniswap Foundation announced that it’s a long way angry to revitalize governance by encouraging careful and stuffed with life delegation, no longer correct delegation, nonetheless by tying delegation to protocol fees. “Particularly, we think that UNI token holders will seemingly be incentivized to elect delegates whose votes and participation in the protocol will lead to the growth and success of the protocol,” the Uniswap Foundation wrote in the proposal.
If the on-chain balloting is a success, the community will then indulge in the likelihood to flip on the rate implementation. This can enable the Uniswap protocol to robotically find and distribute fees to balloting UNI token holders and enable management to management price-connected settings. Uniswap Foundation moreover announced that an Immunefi trojan horse bounty will plug into find earlier than the conclusion of a a success on-chain vote.
*This is no longer any longer investment recommendation.
