The UNII (UNI Innamorare) Governance Union Initiative

We, a few enthusiasts who participated in Uniswap, are still immersed in the indescribable excitement of being rewarded as early adopters of Uniswap, while staring at the UNI tokens in the wallets claimed. It is amazing to see how rapidly that Uniswap captured the heart of the crypto-community by riding on the recent uprising of DeFi farming popularity. The formation of this powerful trend is something that CeFi superpowers cannot afford to ignore anymore.

However, how to utilize the right of governance to work together with the Uniswap team (eventually holding 21.51%, i.e. 215,101,000 UNI) becomes one of the unavoidable questions. As the official document disclosed, more than 300,000 addresses, including historical LPs, historical users, and socks redeemers, are eligible to claim “free” UNI. Compared to the large chunk of tokens (40% in total) controlled by the founding team (21.51%), investors (17.80%), and advisors (0.69%), we are all minions in terms of the voting power.

Moreover, Uniswap’s Initial governance rule requests a minimum 1% (10,000,000) delegation to submit a governance proposal and 4% (40,000,000) to vote ‘yes’ to reach a quorum. This is such a high threshold to standalone retail players.

In order to ensure that our voices are heard (at least fulfilling the minimum proposal requirement) and the communities’ interest is prioritized, we urge you all to take this spontaneous initiative in forming a UNII community. We encourage every UNI holders to possess UNI Innamorare token (UNII) as well with potentially few obvious benefits:

1. Form a united sub-community to participate in UNI governance
2. Capitalize your freshly obtained UNI token immediately
3. Work together on adding UNII to the UNI’s additional liquidity ming pools (after 30 days)

The distribution of UNII shall follow below two stages:

Stage 1: [Launch time — 2020 Sep 22 Tue 1:00am UTC] for 2–week

• 15% of the UNII (up to 150,000,000 UNII) are reserved to “qualified addresses” which are eligible to claim UNI, even if you have NOT claimed your UNI. 400 UNII are claimable by each qualified address. This program will last until [Stage 2: Governance Party Formation] gets activated.
• 30% of the UNII (up to 300,000,000 UNII) will be mined in [Staking Pool 1] with 98% of UNI and 2% of UNII following a “Golden Ratio Halving” Mechanism (in layman’s terms: “halving” period = 7 days; Reward “attenuation” rate=1–1/1.6180339887~0.3819660112)

Stage 2: [Launch time — ToBeAnnounced]

• 50% of the UNII (up to 500,000,000,000 UNII) will be mined in [Staking Pool 2] with 50% of UNI and 50% of UNII following a Golden Ratio Halving Mechanism

Celebration Spree: [48 Hours within UNI’s announcement]

• One of the major purposes of UNII is to form a “Governance Union” to unify individual and retail token holders. This celebration pool is reserved to incentivize and reward UNII members when UNII becomes one or more (tentatively set first 10 pairs, e.g. ETH/UNII and/or WBTC/UNII) of the token-pairs listed under UNI’s official liquidity mining pool.

This is a glorious morning and we shall expect a brighter sunrise tomorrow!