Uniswap DAO voted to continue the "Treasury Delegation Program" to enhance governance participation
ChainCatcher news, according to The Block, the Uniswap DAO has voted to continue implementing its "Treasury Delegation Program," which may allocate up to 18 million UNI tokens to specific representatives, amounting to approximately $113.4 million at current prices.According to the preliminary governance vote that ended on Tuesday, the proposal has received initial approval, with specific details to be determined later and requiring final approval through on-chain voting. Uniswap's first Treasury Delegation Program—"Delegating UNI to active but underrepresented representatives"—is set to launch in December 2023, aimed at supporting "active but underrepresented representatives" who vote on behalf of UNI token holders.Tane, representing the platform, stated in the proposal: "This program is crucial for maintaining healthy governance and retaining active and capable representatives." It cited data from the previous funding support program, noting that after the program was launched, "all representatives participated in all votes, making the DAO healthier."