In order to address the issue of low participation rates, Uniswap DAO recently voted to delegate some UNI tokens held by the Uniswap Foundation to representatives with insufficient representation, who maintained an 80% participation rate. The proposal was originally aimed at allocating 2.5 million UNI tokens to four new representatives. However, after lengthy discussions, seven representatives were ultimately selected, receiving the voting rights of 10 million UNI tokens. Approximately 18.5 million UNI token holders participated, with over 17 million expressing support. The proposal must now be executed on-chain by UNI representatives.
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Uniswap DAO approves granting 10 million UNI to active representatives
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Cointime June 1st News Express
1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it -
Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was.
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