Voting Update
[Temp Check]: Complete initial funding of the UF
Voted Yes
1.There have been requests for the community to deeply involve more into Uniswap Foundation. We believe the more transparency and accountability, the better it is, but at the same time, trying to micromanage each pieces of the Foundation (for example, each voting deciding whether the foundation should have additional hires for Growth) is counter productive and inefficient.
- In fact, there are many areas that DAO at the current set up can not efficiently conduct. Good example would be regarding the following case:
In theory, DAOs can create specific groups for such legal actions. It takes a long time just to set up the proper set up to respond to such lawsuits.
- Another big contention is $46.2M over next 2 years, which would be around $23.1M per year. While it seems big (which is a natural response as even $1M is a big amount for most individuals.) However, for MakerDAO, another DeFi leader, the cost is expected to be around $40M just this year. Of course, Maker’s tokenomics is very different, but considering Uniswap Foundation’s request at half’s, it can be considered fair.