Uniswap DAO Approves Continuation of Its Treasury Delegation Program, Allocating 18M UNI Tokens to Selected Delegates

Uniswap DAO has given the green light to continue its treasury delegation program, which can allocate up to 18 million UNI tokens — equivalent to approximately $1134 million — to selected delegates with a focus on increasing participation in governance decisions.

Uniswap DAO has approved the continuation of its treasury delegation program, which can allocate up to 18 million UNI tokens—equivalent to approximately $113.4 million—to selected delegates with a focus on increasing participation in governance decisions.

The decision comes after a preliminary vote on the matter saw 60% vote in favor, while nearly 30% abstained from voting. Now, the next steps will involve tweaking the details of the proposal, which will be formalized through an onchain vote.

Launched in December 2023, the program aims to expand the role of “active but underrepresented delegates,” strengthening decentralized governance by giving a voice to those who actively engage in decision-making. The original project was called “UNI Delegation for Active but Underrepresented Delegates.”

In a recent proposal, Tane, one of the platform responsible for the program, defended its continuation. According to the group, after the initial implementation, all delegates participated in 100% of the votes. “This program has been essential to maintain healthy governance and retain active and capable delegates,” the people responsible wrote.

With the approval of the new phase of the program, approximately 12 delegates will each receive 1 million UNI tokens as an incentive for their performance in the governance process. In addition, another 1 million tokens will be allocated to “higher-level” delegates, defined as those who have maintained a minimum participation rate of 80% in voting over the past three months.

The proposal includes a clause for continuous evaluation of results every quarter, focusing on assessing the initiative’s impact on the platform’s governance.

This move follows another discussion among DAO members, who approved a $165.5 million funding round for the Uniswap Foundation. These funds will be used for the foundation’s operating expenses and to support new programs, such as those related to Uniswap v4 and Unichain.