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Uniswap DAO Community Members Vote in Favor of New Governance Process

Uniswap community members chose Wednesday to reform the voting process on the popular decentralized finance (DeFi) protocol in an effort to make it easier to change the way the system is governed.

The initial proposal, which opened to a vote last week, saw nearly 100 percent in favor of altering the governance structure within the ecosystem.

The biggest changes will see Uniswap reduce the number of off-chain "snapshot votes" that precede on-chain votes to one. Final governance votes – the on-chain votes that approve or reject a proposal – will remain the same.

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