Uniswap Delegate Reward Initiative - Cycle 3

The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas. It’s based on their combined research, fact-checking, and ideation.

After careful consideration, we’ve decided to vote ABSTAIN in this proposal.

While we support the concept of delegate incentives, as we believe delegates should be compensated for their time and effort, we have not seen adequate alterations to the program that address the qualitative aspect of participation (see our previous comment).

At the same time, we understand the difficulty of incorporating qualitative criteria in a manner that’s both fair and practical. For that reason, and because we also stand to benefit as we’ve been receiving rewards in the two previous cycles, we decided to vote abstain.