Uniswap DAO Approves Program Extension That Allocates $113 Million in UNI to Active Delegates

• Uniswap Delegates to Receive Incentive in UNI Tokens
• Program seeks to expand participation in DAO governance
• Uniswap DAO allocates $113 million for engagement

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 $113,4 million — to selected delegates with a focus on increasing participation in governance decisions.

The decision came after a preliminary vote that garnered 60% support, although nearly 30% of participants chose to abstain. Now, the next steps involve tweaking the details of the proposal, which will be formalized through an onchain vote.

Launched in December 2023, the program seeks to expand the role of “active but underrepresented delegates,” reinforcing decentralized governance by giving a voice to those who effectively participate 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 distributed among “higher-level” delegates, 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, with a focus on measuring the impact of the initiative on the platform's governance.

This move comes shortly after another debate among DAO members, which approved a $165,5 million funding round for the Uniswap Foundation. This money will be used for the foundation’s operations and to support new programs such as those related to Uniswap v4 and Unichain.