Uniswap DAO

Uniswap: What The DAO Does?

This research is centered on Uniswap, we’re looking to get insights into the DAO tools Uniswap uses to perform their operations and to harness the growth of their DAO.

Uniswap is a platform that allow individuals to trade their crypto assets without any involvement of centralized entities. Uniswap, owing its existence to Ethereum blockchain and it's governered by UNI token holders.

How Uniswap Does Their Governance

The UNI token can be used by community members to propose and vote on proposals and implement changes to the Uniswap protocol. Uniswap uses their own platform for governance; votes are delegated and cast through the Uniswap's governance portal. They also use off-chain tool like Snapshot as a voting interface.

Snapshot is used by the UNI holders to vote on proposals off-chain after reaching the governance proposal stage. Votes on Snapshot are weighted by the number of UNI delegated to the address used to vote.

Discussions takes place on the Uniswap governance forum, in order for a vote to pass, it must achieve quorum of 4%. If the majority of votes amasses 4%, the proposal is queued in the timelock. The community members have 7 days to cast their votes if the proposal is put forward.

how do they use it? Community members must have an account before they can participate in governance - there are 3 preliminary drafts for the Uniswap governance process:

1. Temperature Check:

The temperature check is to determine if there is sufficient will to make changes to the status quorum.

2. Consensus Check

The purpose of the Consensus check is to establish formal discussion around a potential proposal.

3. Governance Proposal

This is the final step of the governanace process. The proposal should be based on the winning outcome from the "Consensus Check" and can consist of one or multiple actions. Once the propose function has been called, a two day voting delay begins, after that, a seven day voting will begin.

Link: Uniswap Governance Portal

DAO Tools Used by Uniswap DAO

1. Llama

2. Snapshot

1. Llama: Useful resources 

Llama provides treasury management as-a-service for DAOs. Llama can be hired for help when it comes to spending, borrowing, reporting and asset allocation within DAOs.

• What is Llama and how it works

• Llama overview (Video)

• Introduction to Llama

• Exploring Llama

• Website

• Twitter

• Using Llama to build a contributor DAO

2. Snapshot: Useful resources 

Snapshot is an open-source that organizations, especially decentralized ones, can use to facilitate the quality of voting within the DAO and proposal processes. With Snapshot, users can create proposals and vote off-chain. Snapshot allows users to choose multiple voting systems and tools to customize governance for the community; instead of using Discord reactions or Google forms.

• What is Snapshot and how to use it

• Voting and Governance for Web3 - Snapshot (Video)

• Deep dive into Snapshot

Other non-dao tools used by organizations and members

3. Rabbithole: Useful Resources 

Rabbithole hole is a platform that allows individuals to discover and use new decentralized apps (Dapps), protocols, or crypto platforms while earning cryptocurrencies in return.

• How does Rabbithole work

• Deep dive into Rabbithole

• Introducing Rabbithole

4. Messari Governor: Useful Resources 

Messari Governor is a database and aggregator of many DAOs; it consist of many proposals, web3 projects and tools.

• Messari Governor DAO profile page (Video tutorial)

• Messari Governor Doc

• Introduction to Messari Governor

• Introducing Messari Governor (Video tutorial)

• Overview of Messari Governor

Uniswap DAO Onboarding Process

Firstly, you need a discord account. You'd be asked why you want to join their discord, select your interests - Defi, NFT, or DAOs, and that's it - you've been onboarded!

Additionally, users can get Uniswap governance token (UNI) by providing liquidity via a pair of assets like ETH or DIA. Users can also purchase the UNI token on different DEX platforms.