Introducing UIP: Fostering Community-Drivern Innovation on UniLend

UniLend Finance
2 min readSep 2, 2023

UniLend Improvement Proposals (UIPs), are the primary mode of governance in UniLend protocol. These proposals are written by the team or a community member to effect change to its products. Any community member can make UIPs as long as they follow the template and fulfill the minimum requirement criteria.

Below, we have outlined the framework for governance. This document/framework will be updated as we continue to expand and adapt as required.

Table of Contents

  1. Governance process
  2. UIP Template
  3. Accepting or Rejecting UIPs
  4. Implementation

1. Governance Process

  • Forum: All major discussions begin here in the form of UIP.
  • Snapshot: UIPs are voted upon on the governance module.
  • Execution: If approved via snapshot then the proposal will be executed

2. UIP Template

UIPs must follow the below template.
https://bit.ly/3OYolon

3. Accepting or Rejecting UIPs

a. Once created, the UIP must be open for discussion for a minimum of 5 days. UIP can be left open for extended periods of time.

b. While the UIP is open to discussion, the community members should present sound arguments in favor of or against the proposal.

c. After the time period of the snapshot ends, the Ops team will determine if a consensus is reached for the content of UIP.

d. If the UIP has majority support from the community, the team will signal that it has been accepted.

A decision made will be clearly indicated on the discussion thread regardless of its acceptance or rejection.

4. Implementation

After a UIP has been accepted, the UniLend core development team will add the implementation details and indicate priority, and estimated delivery date when relevant.

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UniLend Finance

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. Website: https://unilend.finance