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[pepo]

Proposal 83: Uniswap Unleashed

This is a re-confirmation vote of my AGAINST vote, moving from the temperature check stage to on-chain voting.

You can review my rationale here:

@pepo

Proposal: [RFC] Uniswap Unleashed

Snapshot: link

After reviewing the Uniswap Foundation’s proposal and the feedback from other delegates, I am voting AGAINST the proposal.

Value Proposition:

The Uniswap Foundation (UF) is requesting $62.65M to fund its operations and initiatives for 2025-2026, with $29.5M allocated for grants and $21.4M for operational costs. This budget is intended to support Uniswap’s ecosystem growth, including incentives for Unichain and grants for v4 hooks.

Main Concerns:

1. Lack of Alignment and Coordination

• There is a noticeable misalignment among key stakeholders—the Uniswap Foundation (UF), Uniswap Labs, and the DAO.

2. Unclear Hook Benefits for UNI Tokenholders

• The proposal does not adequately explain how grants, especially those for v4 hooks, will directly benefit UNI tokenholders.

3. No Concrete Roadmap for Revenue Generation

• There is no timeline or actionable plan for implementing the fee switch or alternative revenue mechanisms, both of which are critical for the DAO’s financial sustainability.

4. Need for Improved Oversight and Accountability

• The proposal lacks robust transparency and accountability mechanisms. A closer feedback loop with the DAO or external supervision could mitigate potential misalignments, but these are not sufficiently addressed.