Transaction Details

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ProposalCreated (uint256 id, address proposer, address[] targets, uint256[] values, string[] signatures, bytes[] calldatas, uint256 startBlock, uint256 endBlock, string description)View Source

• 0 0x7d84a6263ae0d98d3329bd7b46bb4e8d6f98cd35a7adb45c274c8b7fd5ebd5e0

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id :4
proposer :0xA13a5a31b891F3DA7074b740B694769BD0f1bb23
targets :0x1a9C8182C09F50C8318d769245beA52c32BE35BC

values :0

signatures :setPendingAdmin(address)

calldatas :000000000000000000000000C4E172459F1E7939D522503B81AFAAC1014CE6F6

startBlock :12563485
endBlock :12603805
description :# Reduce the UNI proposal submission threshold to 2.5M This proposal lowers the UNI proposal submission threshold from 10M UNI to 2.5M UNI. Uniswap’s governance system currently has a high threshold of 10M votes for proposal submission. As mentioned in Dharma's [earlier proposal](https://app.uniswap.org/#/vote/1), there have been [discussions](https://gov.uniswap.org/t/proposal-reduce-amount-of-unis-required-to-submit-governance-proposal/3320) on [lowering thresholds](https://gov.uniswap.org/t/proposal-reduce-amount-of-unis-required-to-submit-governance-proposal/3320/29) to make governance more accessible. Since that original proposal, the number of delegated votes has increased from ~80M to ~170M, making it much easier to reach the quorum threshold of 40M votes. However, the UNI token price increase over the past 6 months has made the proposal submission threshold extremely difficult to achieve for one individual. The Fish.vote team has prepared a new proposal in line with Dharma's original motivations: making governance more accessible, while still ensuring that Uniswap governance is not subject to unilateral deleterious actors. _We propose a threshold of 2.5m UNI for proposal submission, and keeping the existing 40M quorum threshold._ Though this proposal threshold is still quite high, we believe in making small, conservative changes in the right direction. In order to reduce these thresholds, a new `GovernorAlpha` contract is required. We have chosen to use the same smart contract code from Dharma's original proposal with these new values. To that end, we have [deployed a new contract](https://etherscan.io/address/0xc4e172459f1e7939d522503b81afaac1014ce6f6#code) which contains the following changes: - `proposalThreshold` has been modified from `10_000_000e18` to `2_500_000e18`, i.e. from 1% to 0.25%. - a public `__acceptAdmin()` function has been added, allowing the contract to claim ownership over the `Timelock` contract once `setPendingAdmin` has been executed. - `timelock` and `uni` are now declared as `constant` instead of via assignment to storage slots during contract construction, as their values are not modifiable after deployment (and use of `immutable` would necessitate a major Solidity version bump and corresponding refactor of already well-audited code). We believe this proposal is a conservative step in the right direction for UNI governance, and one that creates a more accessible governance ecosystem. We hope this is the first of many improvements that Fish.vote can be a part of.
Dec Hex

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CrowdProposalProposed (index_topic_1 address proposal, index_topic_2 address author, uint256 proposalId)View Source

• 0 0xdd852111d50cb1db94e7f2c0d71c2e82ec0638c8ed1a57a94b2241294261bf1d
• 1: proposal Dec
  • Decode
  • Hex
  0xA13a5a31b891F3DA7074b740B694769BD0f1bb230xA13a5a31b891F3DA7074b740B694769BD0f1bb23
• 2: author Dec
  • Decode
  • Hex
  0xB0623C91c65621df716aB8aFE5f66656B21A91080xB0623C91c65621df716aB8aFE5f66656B21A9108

0x0000000000000000000000000000000000000000000000000000000000000004
proposalId :4
Dec Hex