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Uniswap logo

Uniswap

uni
$7.27
-8.11%
24h Price Range
$7.04
$7.99
Website
uniswap.org
Twitter
@Uniswap
Discord
discord.gg/FCfyBSbCU5
Medium
uniswap.org/blog/
GitHub
Uniswap/uniswap-v3-core
Reddit
reddit.com/r/Uniswap
Explorers
etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
Market Cap
$4.58B
Fully Diluted Valuation
$7.27B
24h Trading Volume
$992M
Circulating Supply
630M
Total Supply
1.00B
Max Supply
1.00B
All-Time High
$44.92
-83.95%
All-Time Low
$1.03
+599.9%
7 Days
+32.89%
30 Days
+9.99%
FunctionsFunctions
Value DriversValue
Implementation DetailsImplementation

Governance

In order to delegate votes, users invoke the delegate function of the Uniswap token contract. Delegations are total and therefore do not restrict token mobility.

Uniswap proposals go through a multi-stage procedure, with proposing being gated behind a 1e6 delegated UNI threshold (note that the first two steps do not constitute publishing a proposal). First, an RFC (request for comment) proposal is submitted to the Uniswap governance forum to be discussed over a period at least a week long. Thereafter, a temp check voting is held on the Uniswap snapshot with a 1e7 vote quorum requirement and a simple majority resolution. The voting period for the temp check is five days long. Finally, a governance proposal is formally submitted to the appropriate portal, and a simple-majority voting with 4e7 UNI quorum. Once a proposal is created, it undergoes a two-day review (for example, to check custom calldata of a technically complicated proposal), a seven-day voting period, and a two-day timelock before the calldata is executed.

All voting is done off-chain.