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Create Uni Update Week 20 2021 20-05-21.md
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# Governance Update
## Ongoing Discussions
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Deploy Uniswap V3 on Polygon/Matic | Strategy | [Discuss](https://gov.uniswap.org/t/deploy-uniswap-v3-on-polygon-matic/12165) |
Summary:\
Discussion in support of deploying V3 on Polygon as well as Optimism
Update:\
Aside from ample [support](https://gov.uniswap.org/t/deploy-uniswap-v3-on-polygon-matic/12165/7),
there are [questions](https://gov.uniswap.org/t/deploy-uniswap-v3-on-polygon-matic/12165/7) regarding Polygon's security and if it represents a concern for the Uni team as to deploying on polygon.
Date Created: May 12th\
Last Active: May 20th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| UNI should become an oracle token | Strategy/Tokenomics | [Discuss](https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988) |
Summary:\
Discussion post by Vitalik alerts two problems.\
(1) Algorithmic stablecoins need an oracle for the price of ETH/USD to function;
they need an oracle for USD (the off-chain fiat asset) and not on-chain instantiations of USD.\
(2) Synthetic assets need an oracle for the price of ETH denominated in whatever asset they are mirroring.
To solve this it proposes that Uniswap and the UNI token step in and provides an oracle that is specialized to providing price data that’s robust and extremely costly to manipulate and attack.
Update 1: \
Significant [pushback](https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988/3) from multiple users who believe Chainlink is better equiped to address issue
Update 2: \
[Arguments](https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988/19) for [unique value](https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988/52) of Uni oracle as opposed to Chainlink
Update 3: \
[Reiterations](https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988/77) of the divergent nature of this project to Uni's original intention.
The concern, however, are paralleled by a recognition of the value such a project could potentially add to UNI
Date Created: May 11th\
Last Active: May 18th
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Uniswap Governance Powers in v3 | Parameters | [Discuss](https://gov.uniswap.org/t/uniswap-governance-powers-in-v3/11812) |
Summary:
Brief summary of governance changes coming with V3 with a focus on fees and fee switch. The initial post requests further discussion on Deciding fee strategy for Uniswap v2 and v3, and Handling assets accumulated from fees.
Update:\
Support for turning Fee Switch on, [arguing](https://gov.uniswap.org/t/uniswap-governance-powers-in-v3/11812/16) the particularly good timing for such an action.
Date Created: May 6th\
Last Active: May 17th