[Temp Check] Uniswap Unleashed (Snapshot)
Summary:
In this proposal, the Uniswap Foundation aims to allocate $95.4M to grants and $25.1M to operations for Uniswap’s next two years of development, emphasizing hook adoption and governance enhancements. A separate proposal is seeking $45M to fund liquidity incentives, distinct from these budgets.
Vote: Yes
Rationale:
We support the proposal as Uniswap v4 is a key innovation in DeFi, and significant investment in hook development and user onboarding is critical at this stage.
Regarding Unichain, we believe using UNI token staking to recover investment is feasible. Treasury sustainability is critical for both the DAO and UNI holders. Despite the large expenditure, the investment is manageable given Uniswap’s market position.
We acknowledge concerns about UF’s transparency and future grant allocations but believe they can be addressed moving forward. This proposal is essential for strengthening Uniswap’s position and increasing UNI token value, so we support it.
Uniswap Delegate Reward Initiative - Cycle 3 (Onchain)
Summary:
This proposes a new round of delegate rewards under Uniswap governance, focusing on more objective, onchain-based metrics for delegate selection. This is the onchain vote following the snapshot vote.
Vote: FOR
Rationale:
We continue to uphold our snapshot vote perspective. Our view remains unchanged, as the updated criteria, including the new tie-breaker mechanism and the integration of timely rationale submissions as part of the delegate requirements, clearly demonstrate improvements.