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26 October 2020

Uniswap’s first community proposal seeks to reduce governance thresholds

Uniswap’s first community proposal seeks to reduce governance thresholds


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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.

A proposal put forward by Dharma, a protocol that promises novice crypto participants user-friendly access to DeFi, suggests that the proposal threshold should be lowered to 0.3% (or 3 million UNIs) and have a quorum threshold of 3% (or 30 million UNIs).

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