Odaily Odaily News: The DAO of the decentralized trading protocol Uniswap recently voted to approve a proposal to continue the "Delegate Reward Initiative" and launch the third cycle (Cycle 3). According to the approved proposal on the blockchain voting platform Tally, Uniswap DAO will allocate an additional $540,000 worth of the protocol's native token UNI to fund Cycle 3 of the program. The "Delegate Reward Program" aims to improve the quality and participation of Uniswap governance through economic incentives. The program provides rewards to "representatives" (individuals or entities authorized to vote on behalf of other token holders) with outstanding performance, and each representative can receive up to $6,000 worth of UNI tokens per month. The governance vote was held from February 26 to March 4, 2025, and was passed with 47.51 million votes in favor (99.45%). The third cycle proposal is currently "queuing" for execution, and the specific execution date will be determined later, provided that it is not cancelled during the time lock period.