Uniswap DAO passes preliminary governance proposal on 3/31
Uniswap DAO passed a preliminary governance proposal on March 31, which is the continuation of the Treasury Delegation Program, allowing the allocation of approximately $110 million in 18 million UNI to 12 specific governance representatives, aimed at enhancing the voting activity of the DAO. Although the temporary vote has passed, it still requires formal on-chain voting to be implemented. The overall community’s view on this proposal is not entirely unanimous, with a support rate of only 60%, while 30% chose to abstain from voting.
Uniswap DAO launched its first round of authorization pilot program back in 2023
This proposal is a continuation of a similar “UNI Delegation Program” initiated by Uniswap DAO in December 2023, which authorized UNI to active governance participants who do not have much token support, thereby increasing their voice. According to the main proponent, the Tane platform stated that after the last round of the program was launched, all funded representatives participated in voting, making DAO governance noticeably more vibrant.
New round of proposal allows each of the 12 representatives to receive a maximum of 1 million UNI
According to the current preliminary proposal, if the new round of funding is formally approved, 12 representatives will be selected:
- Each can receive up to 1 million UNI as a voting reward.
- If they qualify as “excellent representatives,” they can receive an additional 1 million UNI.
- Evaluation criteria include a voting participation rate of over 80% in the last three months to ensure that resources do not fall into the hands of “representatives who take the money but do not vote.”
- Project effectiveness and representative performance will be reviewed every three months.
Community remains cautious, concerns about governance centralization resurface
Although this proposal has successfully passed the preliminary threshold, it has sparked considerable discussion, with some arguing that:
- This allocation of resources will increasingly centralize DAO governance in the hands of a few representatives, contrary to the principle of decentralization.
- This resource, valued at over $100 million, may end up in the pockets of politically strong representatives closely tied to the interests of the main network.
It is worth noting that the voting support rate for this proposal is about 60%, but nearly one-third of participants abstained, indicating that many token holders remain cautious.
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