[RFC] Treasury Delegation Round 2

[Tane]

Thanks for your feedback, @Argonaut @jengajojo @Gauntlet!

@Argonaut

What is the issue with the number being higher than the original program? If they are active delegates who stay up to date with the ecosystem, vote, and participate in the forum, we don’t see a large number of delegates as a problem.

The number of to-be-selected delegates is actually higher (almost double) and as said, we believe 12 is a good middle-ground number at this point. It’s reasonable not to be in hurry to increase the number of delegates to be trusted with the treasury delegations too much.

@jengajojo

By focusing on the top ‘x’ delegates “we can get” rather than the top delegates “we want,” we risk settling for less-than-ideal candidates.

We agree with this view, but still, we would end up setting an arbitrary number for delegates anyway. As discussed with Avantgarde, we would like to continue to discuss how we attract delegates that we “want” through the programs with you and other delegates in the future.

@jengajojo

Instead, why don’t we create two tiers of eligibility criteria and equally divide between delegates who simply fulfill the criteria in each tier instead of ranking them?

We are not certain how this proposal addresses the issue you raised. With the voting option for Tier 1 delegates, we are basically introducing two mechanisms to select delegates for the delegations.

@Gauntlet

Have we analyzed organic delegation data from active delegates in round 1 to fix these dynamics? Perhaps a “matching program”—pairing organic delegation with treasury UNI—might better align UNI holders’ interests, bolster delegation, and resolve the quorum issue.

We haven’t looked into these data, but it would be interesting to do so. A matching program is also an interesting idea too. However, as we have seen struggles to activate (re)delegations in various DAOs (example cases like the one with Arbitrum), it would be challenging to do so in the Uniswap governance too. As you mentioned, the governance staking will change the situations around this and we are very much looking forward to seeing how the dynamics change.

@Gauntlet

To summarize, we view treasury delegation as a band-aid solution to a much larger problem, but one that may be necessary to ensure smooth operations in the short-medium term.

We are completely in agreement with this view, and we promise that we will revisit how to approach the treasury delegations in a year.