Delegated Governance in Action! Uniswap Launches Governance Tool "Sybil" Allowing Your Trusted KOLs to Vote on Your Behalf

The decentralized exchange Uniswap announced on December 15th the launch of a governance tool called "Sybil" that features identity binding functionality. This tool allows UNI token holders to delegate their tokens to representatives for governance, and also enables representatives to bind their on-chain addresses with digital identities (such as social media accounts) without the need for additional user registration, on-chain transactions, or manual account password saving.

Uniswap's New Governance Tool

Decentralized exchange Uniswap announced on December 15th the launch of a governance tool called "Sybil" that features identity binding functionality. This tool allows UNI token holders to delegate their tokens to representatives for governance, as well as enables representatives to bind their on-chain address with a digital identity (such as social media accounts) without the need for additional user registration, on-chain transactions, or manual account password saving.

In the announcement, Uniswap stated:

"We hope Sybil will be widely adopted in Uniswap's governance system, encouraging existing and future Uniswap delegates to bind their identities, making it easier for delegates to distinguish themselves and interact with the community representatives."

It is worth noting that while Sybil was developed by the Uniswap team, it is not exclusive to Uniswap as a governance tool. Almost all projects can integrate delegation and identity binding features into their governance systems using Sybil. Currently, the tool supports the Uniswap and Compound projects.

Furthermore, Sybil is currently integrated only with Twitter. In other words, representatives can only use their Twitter accounts as a digital identity bound to their on-chain address. However, the development team has indicated that support for platforms like Github will be gradually introduced in the future.