Uniswap DAO proposal to reclaim 42 million USD in UNI delegated tokens, voting ends this week

According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI (about $42 million) that was previously lent to representatives and the foundation. The voting will end on May 8, with about 53% in support, 46% abstaining, and very few opposing votes.

Between 2022 and 2023, the DAO lent out the aforementioned governance tokens to enhance governance participation. Uniswap Labs stated that current governance activity has significantly increased, with an average voting participation of about 750,000 votes, and the related mechanism has achieved the expected results. This reclamation also aims to address the issue of incentive misalignment—some representatives hold significant voting power without having their own economic exposure. At the same time, this move is seen as a response to external doubts about the degree of decentralization in governance.

In addition, the Uniswap ecosystem has recently promoted reforms including fee mechanisms, token buyback and burn, and governance structure optimization to further enhance governance transparency and decentralization.