[Temp Check] Raise the onchain proposal quorum threshold from 40M

Temperature Check
1

Author: @jengajojo @DAOplomats.eth

Summary:

This proposal seeks to gather consensus from the DAO to increase the current onchain proposal quorum threshold from 40M UNI

Motivation:

In our post on ‘Preparing the DAO for possible Governance attacks’ several delegates suggested exploring increasing the proposal threshold as a simple way to begin mitigating future attacks. In line with these suggestions, we want to gather consensus from the DAO on kickstarting the mitigation process by increasing the threshold from 40M to a higher figure. We have parallely kickstarted a discussion to increase the VP of active delegates participating in the Delegate Reward initiative.

Specification:

Based on the screenshot shared by @0xkeyrock.eth we see that there is room to increase the onchain proposal quorum to 45-60M based on the current engagement levels

image
image1128×1034 24.8 KB

We would like to hear from delegates on which of these increases would be best given the current engagement levels as well as the ongoing incentivized governance initiative

Timeline:

This proposal would follow the normal governance timeline with the quorum being modified based on onchain vote

Cost:

There is no cost associated with this proposal

Voting Options:

  • Increase quorum to 60M UNI
  • Increase quorum to 50M UNI
  • Increase quorum to 45M UNI
  • Keep quorum unchanged
2 Likes
2

Just to clarify, last time we barely went above 60 mil UNI was October of 2023 which was “Complete initial funding of the Uniswap Foundation”

1 Like
3

The Uniswap Governor’s quorum is hardcoded and can only be updated via an upgrade to the Governor. This is a sensitive process that must be done with great care.

This is not correct. Even the simplest possible Governor upgrade would require engineering effort that must be resourced from somewhere, and costs would be associated with this.

ScopeLift would actually be in favor of the DAO pursuing an upgrade to its governance contracts, but changing the quorum would be low on the list of reasons for such an effort.

8 Likes
4

Thanks Ben, agreed here. I’d also suggest that we should wait for the results of the security analysis i mentioned in a prior post to take any actions.

3 Likes