[RFC] Uniswap Delegate Reward

19

Hey @Doo_StableLab :wave:

During the GovSwap event earlier this week, a number of participants discussed delegate compensation. Naturally, discussions centered around this RFC.

Overall, we have broad consensus that delegate compensation is both necessary and a goal for Uniswap. Below, I’ll share the main points made during the workshops and the group’s final suggestions.

Questions

  1. Where are we now?
    • What are the current demands on Delegates?
    • What currently incentivizes delegates?
    • What is the current composition of delegates (expertise, etc.)
  2. Where do we want to go?
    • What is the ideal composition of delegates?
    • Who is not in the room that should be?
    • What do UNI stakeholders want delegates to do on their behalf?
    • What does the Foundation want from delegates?
  3. How do we get there?
    1. What is the goal?
      1. Same as Labs?
      2. Same as Foundation?
    2. What is the Job Description?
      1. Responsibilities?
      2. Requirements?
      3. Expectations?
    3. How do we incentivize the right activities?
      1. Who decides which activities?
      2. What kind of compensation?
        1. Monetary
        2. Non-Monetary, e.g. reputation
        3. Base
        4. Performance
      3. Who provides checks and balances?
      4. How do we change this over time?
  4. Defining an owner
    1. Who should own this?
      1. Delegates?
      2. Foundation?
      3. Third Party?

Proposal

The group proposes that, as part of this proposal or separately, the DAO conducts a Discovery process on behalf of stakeholders to provide answers to the above questions.

This process would include:

  • Consulting with stakeholders
  • Gathering existing contribution data
  • Evaluating existing delegate composition, roles, and responsibilities
  • Conducting market research to determine best practice

I’d love to know your thoughts.

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