The Uniswap governance process has 3 main phases. First, a proposal is introduced on the governance forum as a Request for Comment (RFC), where it remains for at least 7 days to gather community feedback. Next comes the “Temperature Check,” conducted via a Snapshot vote. If the proposal receives at least 10 million UNI in “Yes” votes, it can proceed to the final phase. In the last phase, the proposal is submitted on-chain. To do this, the proposer must have at least 1 million UNI delegated. The on-chain vote lasts 7 days and requires a quorum of 40 million UNI voting in favor to pass. If approved, a 2 day timelock follows before execution.
Voting power in Uniswap governance is delegated. UNI holders must delegate their tokens either to themselves or another address in order to participate in any vote.
Airdrop Collection #1
Season
The UNI airdrop was distributed to historical users, liquidity providers, and SOCKS holders.
In parallel, Uniswap launched an initial liquidity mining program. Running from September 18 to November 17, 2020, the program allocated 20 million UNI (2% of total supply) across four major Uniswap v2 pools: ETH/USDT, ETH/USDC, ETH/DAI, and ETH/WBTC. Each pool received 5 million UNI, distributed continuously to liquidity providers in proportion to their stake.
The Uniswap governance process has 3 main phases. First, a proposal is introduced on the governance forum as a Request for Comment (RFC), where it remains for at least 7 days to gather community feedback. Next comes the “Temperature Check,” conducted via a Snapshot vote. If the proposal receives at least 10 million UNI in “Yes” votes, it can proceed to the final phase. In the last phase, the proposal is submitted on-chain. To do this, the proposer must have at least 1 million UNI delegated. The on-chain vote lasts 7 days and requires a quorum of 40 million UNI voting in favor to pass. If approved, a 2 day timelock follows before execution.
Voting power in Uniswap governance is delegated. UNI holders must delegate their tokens either to themselves or another address in order to participate in any vote.
Airdrop Collection #1
Season
The UNI airdrop was distributed to historical users, liquidity providers, and SOCKS holders.
In parallel, Uniswap launched an initial liquidity mining program. Running from September 18 to November 17, 2020, the program allocated 20 million UNI (2% of total supply) across four major Uniswap v2 pools: ETH/USDT, ETH/USDC, ETH/DAI, and ETH/WBTC. Each pool received 5 million UNI, distributed continuously to liquidity providers in proportion to their stake.
