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BalancerBalancerby0xcc6A949DB9b26a7173648d50Cf7C55e800E6585B0xcc6A…585B

Proposal: Move UNI from cap1 to cap2

Voting ended over 5 years agoSucceeded

This proposal is also on Balancer's forum.

TL:DR

As outlined in the new whitelisting process, this is a proposal to increase the UNI capFactor from cap1 to cap2 ($1M -> $3M).

The Proposal

This is a proposal to increase the UNI cap tier from cap1 to cap2. UNI currently has >$1.8M in adjusted liquidity and has surpassed its $1M cap essentially since its inception.

Uniswap is one of the oldest and most respected projects on Ethereum; this may make it deserving of a higher cap tier on Balancer.

What is UNI?

UNI is the governance token of Uniswap, it currently has a >$600M market cap. The uniswap platform currently transacts more volume than any other decentralized exchange.

Off-Chain Vote

Increase UNI cap to $3M
137.16K 100%
Keep UNI cap at $1M
0 0%
Download mobile app to vote

Timeline

Sep 26, 2020Proposal created
Sep 26, 2020Proposal vote started
Sep 27, 2020Proposal vote ended
Jan 23, 2024Proposal updated