Activate Uniswap Protocol Governance
Vote: Yes, upgrade the factory owner
Summary: We support the proposed implementation by Erin & the UF. Establishing a system that directly links delegation to protocol fees should have a significant impact in increasing UNI supply that is active in governance voting.
We would’ve appreciated more time and discussion regarding the design of the smart contracts as we believe there are several avenues to actively research as a result of this change that could potentially lead to a better governance outcome. For example, the new setup mimics a DPoS system where delegates are validators. Under such a setup, delegators are able to charge ‘commissions’ in exchange for ensuring the growth and safety of the protocol.
We have also shared our concerns about the proposed immutability but this is simply a function of the reasons mentioned above. Nonetheless, we believe the proposal is fully in line with Uniswaps core principles and is a clear improvement for governance.
Uniswap V3 Fees: Factory Owner Amendment
Vote: Reject amendment
Summary: As mentioned above, we have shared our concerns about the immutability of the Activate Uniswap Governance proposal. However, we fully understand the nice properties such a system brings to Uniswap and its stakeholders. Furthermore, the constant governance stalemate due to legal concerns is holding back Uniswap from fostering a strong governance community. Therefore, we don’t see value in tweaking the probability of the above proposal passing due to the legal risk associated with the setOwner() function.