Below are Keyrock’s voting rationales for the period of Febuary 2025.
[Temp Check] Uniswap Delegate Reward Initiative - Cycle 3
Uniswap Delegate Reward Initiative - Cycle 3
Vote: FOR
Reasoning: Delegate Rewards incentivize high-quality participation in Uniswap governance. We have already observed the positive impact of this initiative through increased depth of discussions (e.g. Uniswap Unleashed and Uniswap Incentives) and improved voting participation. For context, the latest on-chain vote reached 48.43M votes, surpassing the 40M quorum requirement, so while this program is a success, it still makes sense to continue it to ensure active participation.
[Temp Check] Uniswap Unleashed
Vote: Against
Reasoning: We are against the proposal due to the size of the funding request, the uncertainty surrounding the effectiveness of proposed incentives, and the lack of alignment among key stakeholders such as the DAO/Foundation/Labs.
[Temp Check] Unichain and Uniswap v4 Liquidity Incentives
Vote: Against
Reasoning: We have provided an in-depth explanation of our position in the discussion. At best, the proposed incentives represent an outdated and inefficient strategy, relying on short-term methods that artificially inflate metrics rather than sustainably driving organic growth. Additionally, we echo the concerns of @kfx regarding Unichain’s economic rationale: even if the ambitious goal of becoming a top 5 chain is achieved, the projected ROI from such extensive incentives does not justify the requested investment.