Wanted to point everyone here in the direction of a new report we at Other Internet just published.
Here’s an abstract:
Other Internet embarked on a listening tour with a diverse set of Uniswap stakeholders during the first quarter of 2022. Our aim was to identify the most pressing issue areas within the Uniswap community and provide ideas to improve protocol governance. The “paradox of minimization” is a thread that ran through almost all our conversations: how can we think about increasing governance participation when Uniswap’s governance surface area has been quite purposefully constrained? With so few affordances for taking action on the protocol itself, community energy has gravitated towards web3’s ecosystem-wide issues like L2 scaling solutions and mechanisms for multi-chain governance. But in order for projects in this domain to be successful, Uniswap governance needs more off-chain organizational structures and processes to facilitate coordination across the complex web of stakeholders. We explore the multidimensional nature of this problem and propose potential pathways forward.
- Formalize off-chain processes and mechanisms for those aspects of governance that cannot be fully automated. As we’ve alluded to in other posts in this forum, despite the ‘minimized’ nature of Uni governance, there are numerous jobs that, despite existing outside governance’s traditional purview, are nonetheless vital for Uniswap’s success to assign owners to.
- Create many centers of authority that can act independently from the core team. Similarly, in order for this work to happen in a decentralized way, there needs to be additional centers of authority that can meaningfully catalyze work. Better incentives for delegates and additional grant-making bodies are two improvements that could create more surface area for forward progress.
To put our money where our mouth is, we’ve collected a variety of high-priority governance ‘interventions’ that anyone with the right motivation could pick up and be the torch bearer for.
Hope this report can kick of some interesting conversations about how to improve governance.