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Gungun Bhatia
Dec 10, 2022
by Gungun Bhatia

Uniswap Foundation Suggests Changes to Crypto DEX's Governance

Uniswap Governance

Table of contents

  1. Uniswap Foundation to Vote on Reorganization Plan
  2. Enhancement of DAO’s Ability
The decentralized autonomous organization that oversees Uniswap, one of the most well-known platforms for decentralized cryptocurrency trading, is putting to vote a number of governance modifications that the Uniswap Foundation claims would simplify voting.

Uniswap Foundation to Vote on Reorganization Plan

According to a blog article by Devin Walsh, the executive director of the foundation, members of the Uniswap foundation will have the opportunity to vote on December 14 on a reorganization plan that would increase efficiency and efficacy for the DAO.

The main improvement would be a reduction in the number of snapshot votes that must occur off-chain before on-chain votes. It would significantly increase the threshold for passing preliminary votes, which Walsh's blog claims will keep lesser-quality ideas from passing. The on-chain votes that accept or reject proposals will still constitute final governance.

Enhancement of DAO’s Ability

The community governance framework has been a sore point, according to Walsh, who told the resources that one of the Uniswap Foundation's goals is to improve the DAO's ability to make decisions. He said that the Uniswap Foundation is delighted with the amount of feedback their proposal has gotten from delegates and is looking forward to the modifications' increased efficiency and less administrative burden.

In their attempts to simplify governance and reduce conflict within the protocol, members of the Uniswap community have been proactive. In August, they elected to launch the Uniswap Foundation in an effort to enhance the community surrounding its treasury management.

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Uniswap Foundation Suggests Changes to Crypto DEX's Governance
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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