February 2025 Voting Update
[Temp Check] Uniswap Delegate Reward Initiative - Cycle 3
Vote: For
Type: Snapshot
In line with our positions from the previous two cycles, we have voted in favor of this proposal. Making sure that delegate compensation criteria are well-designed is not an easy feat as it introduces multiple subjective variables, often those that are difficult to implement without an extensive amount of overhead, both in terms of analysis and coordination. We are therefore content with the current setup where delegates are selected primarily based on their participation history. Such a measure is more objective. This round increased the weight on voting %, which we think is apt. Additional metrics like proposal creation and community call attendance are marginally useful but can add up when competing with other delegates for a spot in this program. The time between execution of a proposal and a delegate’s justification for that proposal is a good addition in this cycle that improves timely contribution. However, there remains the contention around alignment. Most delegates including us do not have a large economic stake in the UNI tokens. A vesting setup could help reduce related issues. Perhaps a setup where there’s a baseline level of UNI that a delegate can opt in for could align incentives better—otherwise they attain a larger sum but paid later.