Golden Finance reported that Uniswap DAO has voted to continue its "Treasury Delegation Program," which was approved in a preliminary governance vote that ended on Tuesday. The program may allocate up to 18 million UNI Tokens to 12 selected representatives, valued at approximately 113.4 million USD at current prices. The proposal has received preliminary approval, and further details will be finalized before it officially takes effect after being passed in an on-chain vote.
The first financial delegation plan of Uniswap, named "Delegating UNI to Active but Underrepresented Representatives," was launched in December 2023 and aims to support "active but underrepresented representatives" who vote on behalf of UNI Token holders.
If the new representative funding program is approved, approximately 12 selected representatives will receive 1 million UNI tokens to incentivize their participation in governance. An additional 1 million tokens will be granted to "top" representatives, who will be determined based on "objective criteria," including maintaining at least an 80% voting participation rate over the past three months.
Although the vote passed the "temporary inspection", the Uniswap community is not completely unanimous about the plan. Only 60% of the voting rights support the plan, while nearly 30% of the voting rights chose to abstain.
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Uniswap DAO supports a $113 million "treasury delegation" plan aimed at increasing governance participation.
Golden Finance reported that Uniswap DAO has voted to continue its "Treasury Delegation Program," which was approved in a preliminary governance vote that ended on Tuesday. The program may allocate up to 18 million UNI Tokens to 12 selected representatives, valued at approximately 113.4 million USD at current prices. The proposal has received preliminary approval, and further details will be finalized before it officially takes effect after being passed in an on-chain vote. The first financial delegation plan of Uniswap, named "Delegating UNI to Active but Underrepresented Representatives," was launched in December 2023 and aims to support "active but underrepresented representatives" who vote on behalf of UNI Token holders. If the new representative funding program is approved, approximately 12 selected representatives will receive 1 million UNI tokens to incentivize their participation in governance. An additional 1 million tokens will be granted to "top" representatives, who will be determined based on "objective criteria," including maintaining at least an 80% voting participation rate over the past three months. Although the vote passed the "temporary inspection", the Uniswap community is not completely unanimous about the plan. Only 60% of the voting rights support the plan, while nearly 30% of the voting rights chose to abstain.