Uniswap DAO passed a preliminary governance proposal on 3/31, which is to continue the Treasury Delegation Program, allocating up to 18 million UNI (approximately $110 million) to 12 specific governance representatives to enhance DAO voting activity.

Although temporarily approved, it still needs to go through an on-chain formal vote to be implemented. The overall community view on this proposal is not entirely consistent, with only 60% support and 30% abstaining.

Uniswap DAO Early Launched First Delegation Pilot Program in 2023

This proposal is similar to the "UNI Delegation Program" launched by Uniswap DAO in December 2023, which authorizes UNI to highly active governance participants with limited token support to increase their voice.

According to the main promoter Tane platform, in the previous round of the program, all funded representatives participated in voting, making DAO governance visibly more vibrant.

New Proposal Allows 12 Representatives to Receive Up to 1 Million UNI Each

According to the current preliminary proposal, if this new round of funding is officially approved, 12 representatives will be selected:

• Each can receive up to 1 million UNI as voting rewards

• If deemed an "excellent representative", they can receive an additional 1 million UNI

• Scoring criteria include a voting participation rate of over 80% in the past three months to ensure resources do not go to representatives who "take money without voting"

• Project effectiveness and representative performance will be reviewed every three months.

Community Still Reserves Concerns, Governance Centralization Doubts Resurface

Although this proposal passed the preliminary threshold, it has sparked considerable discussion, with some arguing that:

• Such resource allocation will make DAO governance increasingly concentrated among a few representatives, contradicting the decentralization principle

• This resource worth over $100 million will fall into the pockets of politically strong representatives closely linked to the mainnet's interests

Notably, the voting support rate is around 60%, with nearly one-third abstaining, indicating that many token holders are taking a wait-and-see approach.