Governance Reference

The updated reference for the newly deployed Governor Bravo is available via Etherscan, some of the reference material below may be out of date.

The Uniswap protocol is governed and upgraded by UNI token holders, using three distinct components; the UNI token, governance module, and Timelock. Together, these contracts allow the community to propose, vote, and implement changes to the uniswap protocol.

Any addresses with more than 2.5M UNI delegated to it may propose governance actions, which contain finished, executable code. When a proposal is created, the community can cast their votes during a 3 day voting period. If a majority, and at least 4M votes are cast for the proposal, it is queued in the Timelock, and may be executed in a minimum of 2 days.

Timelock​

The Timelock contract can modify system parameters, logic, and contracts in a 'time-delayed, opt-out' upgrade pattern. Timelock has a hard-coded minimum delay of 2 days, which is the least amount of notice possible for a governance action. Each proposed action will be published at a minimum of 2 days in the future from the time of announcement. Major upgrades, such as changing the risk system, may have up to a 30 day delay. Timelock is controlled by the governance module; pending and completed governance actions can be monitored on the Timelock Dashboard.