The Uniswap community voted to support changing the voting process, reducing the number of off-chain "snapshot votes" to one

2022-12-22 08:10:50
Collection

ChainCatcher news, the Uniswap Foundation initiated a proposal vote to change the community governance process a week ago. According to the results of the week-long voting, nearly 100% of community members support changing the voting process to reduce friction associated with community governance.

The biggest change is that Uniswap will reduce the number of off-chain "snapshot votes" before on-chain voting to just one. The final governance vote—on whether to approve or reject the proposal—will remain unchanged. While both types of voting require participants to contribute UNI, the on-chain vote adds data to the Ethereum blockchain, whereas the off-chain vote is based on community members' initial stance on the proposal.

Devin Walsh, Director of the Uniswap Foundation, stated, "The purpose of the off-chain vote is to signal to the community that there is a consensus on the proposal." "We found that just one off-chain vote is sufficient, and asking the community to vote twice is redundant and unnecessary." (source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators