# \[Temperature Check\] - Activate Uniswap Protocol Governance **URL:** \ **Category:** Governance-Meta\ **Created:** [February 23, 2024, 2:00pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936 "2024-02-23T14:00:11Z")\ **Posts on this page:** 20\ **Page:** 7
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [May 31, 2024, 5:33pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/125 "2024-05-31T17:33:51Z")
very professional for the community… same day decision … ---
**Author:** ![cryptopanda](https://avatars.discourse-cdn.com/v4/letter/c/e36b37/32.png) [@cryptopanda](https://gov.uniswap.org/u/cryptopanda)\ **Post date:** [May 31, 2024, 9:13pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/126 "2024-05-31T21:13:24Z")
who is this stakeholder? let us know. ---
**Author:** ![Herees](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/herees/32/8050_2.png) [@Herees](https://gov.uniswap.org/u/Herees)\ **Post date:** [May 31, 2024, 9:16pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/127 "2024-05-31T21:16:24Z")
It is imperative to avoid ambiguity in this matter. The Uniswap Foundation was established to serve the community, not insiders. The primary focus of the UF is to utilize the funds recieved to empower the community, ensuring transparency and fairness, rather than benefiting friends of UF members. If this decision was influenced by a singular venture capitalist, it should be disclosed. The identity of this VC should be made public, not kept secret. The Foundation is not an extension of a large VC, and the DeFi Education Fund is not an extension of a legal department of a large VC. If a VC is leveraging these two entities to avoid financing issues themselves and instead using funds from governance token holders, then I strongly advocate for the SEC/CFTC to investigate VC practices that prioritize self-interest over decentralized technology, thereby undermining its ethos. Reference image: ![Screenshot_20240531-145739_(1)~2](https://us1.discourse-cdn.com/flex016/uploads/uniswap1/original/2X/b/b6ec20c1b1002ab55bbdc8ee4fdd5f782029f866.png) ---
**Author:** ![VKong](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/vkong/32/8831_2.png) [@VKong](https://gov.uniswap.org/u/VKong)\ **Post date:** [June 1, 2024, 10:32am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/128 "2024-06-01T10:32:18Z")
Yes, we agree with you! The Foundation’s vagueness will only make the community suspicious! ---
**Author:** ![drllau\_LexDAO](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/drllau_lexdao/32/8871_2.png) [@drllau\_LexDAO](https://gov.uniswap.org/u/drllau_LexDAO)\ **Post date:** [June 2, 2024, 1:30am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/129 "2024-06-02T01:30:29Z")
> [@Herees](#): > > If a VC is leveraging these two entities to avoid financing issues themselves and instead using funds from governance token holders, then I strongly advocate for the SEC/CFTC to investigate VC practices that prioritize self-interest over decentralized technology, thereby undermining its ethos. Ummm … is this contradictory … Uniswap (foundation side not labs) holds themselves as stewards of a protocol. If you invite in one regulator to claim authority and uniaterally assert supervisory powers, then you invite in every regulator (on grounds they are acting to protect their citizen investors). 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) Now if you want clarity on the governance process, it is well [documented](https://www.coingecko.com/en/coins/uniswap/tokenomics) … as an airdrop “gift” (for lack of legal clarity), and the fact that UniSwap labs has double-pinkie promised not to use its ownership to influence voting, then a large enough investor clique can veto anything (think vote off island). So the choices are 1. design better proposal curation processes to avoid last minute objections (legislative) 2. come up with procedural rules to know when context changed that the facts no longer support the intent of proposal (executive) 3. have a parallel corrective mechanism (adjudicatory) to balance out any unfairness that are revealled afterwards (… ie the courts of equity which have doctrines of restitution). Without evidence of factual basis, it is hard to figure out which of the 3 would apply … but if you are asking for regulatory oversight then the obvious question is whose taxes are being sliced where/when to pay for such (independent) supervision. ---
**Author:** ![Herees](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/herees/32/8050_2.png) [@Herees](https://gov.uniswap.org/u/Herees)\ **Post date:** [June 2, 2024, 2:13am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/130 "2024-06-02T02:13:19Z")
There are two classes of UNI tokens: 1. **Decentralized** : These tokens were airdropped or bought on the secondary market, representing a decentralized distribution. They are considered a commodity. 2. **Centralized** : These tokens were acquired through fundraising rounds before the airdrop. For instance, A16z holds many tokens because they acquired them via payment in a fundraising round, making these tokens akin to a security. If the Uniswap Foundation primarily listens to venture capitalists (VCs) who acquired tokens through fundraising, it creates a two-class system: insiders (VCs) and outsiders (airdrop holders and secondary market buyers). A presumed reason why a VC who owns UNI from a fundraising round might oppose the fee switch proposal is that this proposal introduces a mechanism resembling dividends, further reinforcing the classification of their holdings as securities. As a result, the real UNI commodity holders, i.e., the airdrop recipients and secondary market buyers, are being disadvantaged. The Uniswap Foundation appears to be choosing sides. ---
**Author:** ![NaughtyForty](https://avatars.discourse-cdn.com/v4/letter/n/47e85d/32.png) [@NaughtyForty](https://gov.uniswap.org/u/NaughtyForty)\ **Post date:** [June 2, 2024, 6:53am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/131 "2024-06-02T06:53:05Z")
Food for thought. Thank you for the enlightenment 🤙 ---
**Author:** ![drllau\_LexDAO](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/drllau_lexdao/32/8871_2.png) [@drllau\_LexDAO](https://gov.uniswap.org/u/drllau_LexDAO)\ **Post date:** [June 2, 2024, 6:54am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/132 "2024-06-02T06:54:37Z")
> [@Herees](#): > > If the Uniswap Foundation primarily listens to venture capitalists (VCs) who acquired tokens through fundraising, it creates a two-class system: insiders (VCs) and outsiders (airdrop holders and secondary market buyers). How they got the tokens is of lesser importance than the fact they didn’t follow the governance process and put up the reason/concern in public (what I assume is the recognised deliberative process) via this forum. So the complaint (correct me if wrong) is the **perceived privilege of bypassing the transparency governance process**. If so, it sounds like you want track 3, aka the equiv of a a) please explain “memo” to the Foundation b) requirement of a legal justification or legitimate excuse (these are legel concepts to escape blame) c) … and if the response is not satisfactory … a way for the community via delegates to express sentiment/sanction The crux is how much _discretion_ should staff of the Foundation have in handling matters … should they be akin to a trustee with _fixed instruction set and invariant duties_, or are more flexible arrangements with perhaps protector/guardian in bakcground to enforce beneficiary rights (sorry … I use UK trust law to express the powers of the delegates). This is the point where delegates should opine whether it is a principle or practice how strictly the process should be followed. There may be reasons (eg _whistle-blower shield provisions_) to prevent the source of the hold-up to directly submit a public objection so best to hear all sides of the story. ---
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [June 4, 2024, 2:15pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/133 "2024-06-04T14:15:17Z")
any news ? no update since many days ---
**Author:** ![andrewb](https://avatars.discourse-cdn.com/v4/letter/a/85e7bf/32.png) [@andrewb](https://gov.uniswap.org/u/andrewb)\ **Post date:** [June 4, 2024, 8:31pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/134 "2024-06-04T20:31:55Z")
> [@eek637](#): > > and will update you all once we feel more certain about future timeframes. “and will update you all once we feel more certain about future timeframes.” it’s written ---
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [June 6, 2024, 7:31am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/135 "2024-06-06T07:31:42Z")
until they change their mind last day… 😅 ---
**Author:** ![snoodoodles](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/snoodoodles/32/9017_2.png) [@snoodoodles](https://gov.uniswap.org/u/snoodoodles)\ **Post date:** [June 6, 2024, 2:52pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/136 "2024-06-06T14:52:59Z")
Can you provide any more information on this? ---
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [June 10, 2024, 2:09pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/137 "2024-06-10T14:09:34Z")
[https://x.com/UniswapFND/status/1796590521072119927](https://x.com/UniswapFND/status/1796590521072119927) ---
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [June 18, 2024, 6:20pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/138 "2024-06-18T18:20:40Z")
any news/update about fee switch vote ? ---
**Author:** ![VKong](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/vkong/32/8831_2.png) [@VKong](https://gov.uniswap.org/u/VKong)\ **Post date:** [June 24, 2024, 10:29am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/139 "2024-06-24T10:29:05Z")
Our Chinese community also wants to know ---
**Author:** ![pedrosoft](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/pedrosoft/32/2659_2.png) [@pedrosoft](https://gov.uniswap.org/u/pedrosoft)\ **Post date:** [June 24, 2024, 1:58pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/140 "2024-06-24T13:58:12Z")
it’s strange to not be updated ---
**Author:** ![Wild](https://avatars.discourse-cdn.com/v4/letter/w/9de0a6/32.png) [@Wild](https://gov.uniswap.org/u/Wild)\ **Post date:** [July 1, 2024, 6:45pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/141 "2024-07-01T18:45:19Z")
What was the issue that popped up? ---
**Author:** ![WeAreAllSatoshiN](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/weareallsatoshin/32/5542_2.png) [@WeAreAllSatoshiN](https://gov.uniswap.org/u/WeAreAllSatoshiN)\ **Post date:** [July 15, 2024, 10:05am UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/143 "2024-07-15T10:05:26Z")
awesome idea. fully support it. we need more governance experiments to increase gov participation. ---
**Author:** ![drllau\_LexDAO](https://sea2.discourse-cdn.com/flex016/user_avatar/gov.uniswap.org/drllau_lexdao/32/8871_2.png) [@drllau\_LexDAO](https://gov.uniswap.org/u/drllau_LexDAO)\ **Post date:** [July 19, 2024, 10:28pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/144 "2024-07-19T22:28:13Z")
Widely admitted that the rules (at least for investment contracts) are a poor fit for network tokens (non-equity). See this [YouTube](https://youtu.be/3EYT2alRWG0?feature=shared) on the Gary gambit. The primary roles are a) information asymmetry … hard to form a “fair” market when insiders have prior / privilege knowledge to counter-parties b) if its is supposed to be “decentralized” then why have VCs when you can crowd-source the “discount” which is due to perceived risk discount … we can have mechanisms to say auction off “marketing” or distribution rights rather than getting implied endorsement c) rules on controlling bad actors (rug-pulls, front-running, time-locks) … rather than trying to shoe-horn fit/proper persons and onerous reporting requirements, can there be better mechanism designs ? (eg liquid bonding curves) to create _price discovery_? … its well known that IPO underwriters underprice the value to get the first day trading “bump”. Democratisation of financing (and not just for the “sophisticated” bankers) does require rethinking how R&D moves from idea to operations and how to correctly price in the risk factors when doing an exit to community. ---
**Author:** ![Wild](https://avatars.discourse-cdn.com/v4/letter/w/9de0a6/32.png) [@Wild](https://gov.uniswap.org/u/Wild)\ **Post date:** [August 6, 2024, 12:48pm UTC](https://gov.uniswap.org/t/temperature-check-activate-uniswap-protocol-governance/22936/145 "2024-08-06T12:48:18Z")
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