How does UNI influence Uniswap protocol decisions?
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UNI is a governance token allowing holders to vote on proposals affecting protocol parameters, fee structures, and treasury allocations. Advanced users can delegate voting power, participate in off-chain signaling, and propose on-chain upgrades. UNI’s governance mechanism uses a timelock system, ensuring proposed changes are transparent and executable after a delay. -
The developers hold the voting power.
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Governance sounds great — until you realize who’s holding the keys.
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Decentralization on paper, centralization in practice.