SEEDGov
February 27, 2025, 12:31pm
36
Proposal: Uniswap Delegate Reward Initiative - Cycle 3
Vote: For
Rationale: In line with our snapshot vote, we voted in favour of this proposal, in the belief that the delegate rewards program has served and will continue to serve to increase participation and strengthen the DAO’s decision-making process. As this is the same proposal as the snapshot vote, we reiterate our rationale:
SEEDGov:
We voted in favour of this proposal, as while it is not what we consider to be the perfect delegate incentive program, it is reasonable, correct, appropriate to Uniswap’s current needs and has several substantial improvements over the previous cycle, among which we highlight:
In order to be eligible, participation in voting and presentation of the rationale is weighted more highly than other less important activities, such as attending at in-person events, which has been removed.
A more detailed system has been established in case of a tie in points between delegates qualifying for eligibility, which we hope will prevent the negative experience from the previous cycle.
Proportional compensation is established based on each delegate’s participation rate in the vote, with a minimum of 80% participation, meaning that only delegates with perfect participation will receive the full amount.
In order to ensure proper and timely communication by delegates, it is required to receive the additional rewards that the voting rationales be submitted within 7 days of the end of each vote, thus eliminating the existing practice of submitting justifications weeks after the vote.
We are committed to continue working towards further improvements and an even more ambitious program for the next cycle.