PANews reported on April 2 that according to The Block, Uniswap DAO decided through a preliminary governance vote to continue its "Treasury Delegation Program", which may allocate up to 18 million UNI tokens to selected representatives (approximately US$113.4 million at current prices). This proposal, which has been approved incidentally, will refine the specific details and will eventually take effect through an on-chain vote. Uniswap's first treasury delegation program - called "Delegate UNI Tokens to Active but Underrepresented Representatives" - was launched in December 2023. The purpose of the program is to support "active but underrepresented representatives" who vote on behalf of UNI token holders.
The Tane representative platform wrote in its proposal: "This program is critical to maintaining the health of governance and retaining active and capable representatives. After the program is launched, all representatives will participate in all votes, which makes the DAO healthier." If the new representative funding plan is passed, approximately 12 selected representatives will each receive 1 million UNI tokens to incentivize them to participate in governance. Another 1 million tokens will be awarded to "top" representatives, who will be determined based on "objective criteria", including maintaining a voting participation rate of at least 80% in the past three months.
Although the vote passed the “interim check,” the Uniswap community did not fully agree on the plan. Only 60% of the voting power supported the plan, while nearly 30% of voters chose to abstain. Tane’s proposal includes a plan to conduct a rolling assessment of the effectiveness of the plan every three months.
