Proposal: [Temp Check] Uniswap Delegate Reward Initiative - Cycle 2 (Snapshot)
Vote: Yes
Rationale: We support this proposal because experience shows that the establishment of a delegate system by itself does not achieve the desired results of promoting high quality participation and good governance practices, since governance has become very complex and it is not expected that a group of people will voluntarily dedicate enough time and effort required for active and quality participation in governance, or at least it is not expected that this will happen to a large scale. Thus, the incentivized or compensated professional delegate system is being imposed in the most important DAOs, achieving the desired results of further increasing informed, responsible and quality participation in governance, by having paid individuals and groups of individuals who can devote time and effort to this task, training, research, and thus increase the quality of their participation.
It’s also great to see that off-chain participation factors are being considered, as we believe the policy-making process is just as crucial as the actual voting itself.
In Arbitrum we are the Program Managers for the Delegates Incentive Program, which started 6 months ago and has generated a very positive impact, ratifying the above mentioned. And coincidentally, Cycle 1 of the Uniswap Delegate Reward has been a success, with the 12 delegates included in the program maintaining a 100% participation rate in onchain and offchain voting, as well as incorporating new delegates with high participation rates, all of which strengthens the governance of the DAO.
We look forward to being part of this program!