“Uniswap’s governance-minimized approach to maintenance and development has been the source of its strength and security. The protocol’s constraints have for years been praised by observers who admire its elegance and alignment with the design ethos of Ethereum. But for many of the governance participants we interviewed over the last three months, minimization has been a source of frustration. It’s left them feeling like the system is at times too slow, static, and difficult to navigate.”