[Temp Check] Uniswap Delegate Reward Initiative - Cycle 3
Vote: Yes
Summary: While we have voted in support of this proposal, we’d once again like to reiterate our position that there should be some form of accounting/scoring/eligibility associated with a Delegate’s voting power and/or the amount of UNI they hold.
As described above, this proposal places a large emphasis on the importance of onchain/offchain voting and talks about utilising Delegates’ voting power. Yet there is no quality control in place for this? A Delegate with 10 UNI VP is valued the same as a Delegate with 2.5M UNI, yet the latter provides significantly more economic security to the DAO.
One major pushback about enforcing eligibility requirements based on VP is that it makes it harder for smaller delegates. This is completely fair and we recognise that contributions to DAOs are more than just VP. But there is currently 0 recognition of VP.
A solution to this is to add another category that awards points to Delegates based on some scoring metric of either VP or the impact of their relative VP. Thus, as a Delegate you can still apply with minimal VP however, you will be less competitive than another Delegate with the same performance yet has a larger VP.