The first proposal is Up to vote: “Reduce UNI Governance Proposal & Quorum Thresholds”
The voting will end on the 19th of October. I’ll allow myself to vote starting from 18:00 GMT on 18th Oct (72 hours notice).
My plan is to vote against this proposal.
I’m against this proposal because it is a Rider proposal.
It looks like the Uniswap community supports reducing the threshold for making governance proposals, but there is no such thing in regard to reducing the quorum threshold.
I think the quorum threshold should not be lowered as it compromises the safety of the protocol. And I find it unethical to make such a proposal in a way it’s been made.
Edit: I’ve used some harsh words earlier towards Gauntlet. Now that they’ve abstained from voting on the second proposal, it’s time for me to reconsider.
I still see no valid reason for lowering the quorum threshold, and I find the analysis done to justify it as unfounded.
I still think that making a Rider proposal is unethical. Especially when it’s done so that a contentious proposal can pass. That’s not neutral.
Lowering the quorum threshold would still increase Gauntlet’s stake at Uniswap governance considerably. I don’t find that neutral either.
Abstaining from voting on UP02 is neutral, though.