Summary
Despite being one of the most prominent DeFi protocols, Uniswap’s outstanding voting power does not necessarily translate into active governance participation. In fact, many top delegates with considerable voting power have less than 50% vote participation rate, and some even as low as 10% or 0%. While there have been previous campaigns to encourage delegation by large UNI holders, we have seen that further delegate accountability is needed as many of those who received large delegations barely participated, if at all.
In healthy governance environments, proactive delegates wield significant voting power, ensuring malicious votes are prevented and quorum requirements are met.
Therefore, this proposal requests the Uniswap Foundation delegate 2.5 million UNI to each of 3 active yet underrepresented delegates selected based on the criteria outlined below. To ensure further accountability, each delegate must maintain a 90% participation rate at a minimum (as explained further in Participation Requirements) or is subject to undelegation via the Franchiser contract explained below.
Landscape of Uniswap Governance

Source: Butter
Despite numerous improvements to Uniswap’s governance, there are still several areas that require further improvement. One prominent area is governance participation, which has witnessed a downward trend compared to late 2022 and early 2023.
Another issue is many large delegates are now inactive, and the delegators who entrusted them with delegation are either unaware about this inactivity or simply do not care. For example, there is currently several delegates with more than 2.5 million UNI delegated who never even voted onchain according to Tally, see the screenshot below.

Source: Tally
Therefore, further distributing governance power to active but underrepresented delegates is a positive step forward ensuring governance is more active, resilient, and robust.
Participation Requirements
Application Criteria
Next Steps
Other Clarification
-Should the onchain vote be approved but there are two or fewer qualified applicants, there will be a subsequent application period and Snapshot vote one month after the initial vote to fill the remaining available recipients (for example, if there were two qualified in the onchain that passed. The subsequent voting will have one). The criteria then would be 90% of voting (minus the proposals that were canceled) on both Snapshot and onchain (Tally or Agora) for Uniswap votes for the past 3 months as of the date when the new application is live.
-Should the onchain vote be approved and there are three qualified applicants but one or more of them are disqualified in the future due to their low vote participation, there will be a new application and snapshot vote one month after to give the opportunity to another delegate(if out of 3, one is removed, the application and vote will happen to fill one available recipient).
-As mentioned by @eek637 in a previous proposal seeking UNI delegation, there will be deployment of three new Franchiser contracts, each one funded with 2.5M UNI (7.5M UNI total). The owner of these Franchiser instance’s would be the Timelock, while the three delegates chosen through the voting process outlined above can act as the delegatees.
Summary
Despite being one of the most prominent DeFi protocols, Uniswap’s outstanding voting power does not necessarily translate into active governance participation. In fact, many top delegates with considerable voting power have less than 50% vote participation rate, and some even as low as 10% or 0%. While there have been previous campaigns to encourage delegation by large UNI holders, we have seen that further delegate accountability is needed as many of those who received large delegations barely participated, if at all.
In healthy governance environments, proactive delegates wield significant voting power, ensuring malicious votes are prevented and quorum requirements are met.
Therefore, this proposal requests the Uniswap Foundation delegate 2.5 million UNI to each of 3 active yet underrepresented delegates selected based on the criteria outlined below. To ensure further accountability, each delegate must maintain a 90% participation rate at a minimum (as explained further in Participation Requirements) or is subject to undelegation via the Franchiser contract explained below.
Landscape of Uniswap Governance

Source: Butter
Despite numerous improvements to Uniswap’s governance, there are still several areas that require further improvement. One prominent area is governance participation, which has witnessed a downward trend compared to late 2022 and early 2023.
Another issue is many large delegates are now inactive, and the delegators who entrusted them with delegation are either unaware about this inactivity or simply do not care. For example, there is currently several delegates with more than 2.5 million UNI delegated who never even voted onchain according to Tally, see the screenshot below.

Source: Tally
Therefore, further distributing governance power to active but underrepresented delegates is a positive step forward ensuring governance is more active, resilient, and robust.
Participation Requirements
Application Criteria
Next Steps
Other Clarification
-Should the onchain vote be approved but there are two or fewer qualified applicants, there will be a subsequent application period and Snapshot vote one month after the initial vote to fill the remaining available recipients (for example, if there were two qualified in the onchain that passed. The subsequent voting will have one). The criteria then would be 90% of voting (minus the proposals that were canceled) on both Snapshot and onchain (Tally or Agora) for Uniswap votes for the past 3 months as of the date when the new application is live.
-Should the onchain vote be approved and there are three qualified applicants but one or more of them are disqualified in the future due to their low vote participation, there will be a new application and snapshot vote one month after to give the opportunity to another delegate(if out of 3, one is removed, the application and vote will happen to fill one available recipient).
-As mentioned by @eek637 in a previous proposal seeking UNI delegation, there will be deployment of three new Franchiser contracts, each one funded with 2.5M UNI (7.5M UNI total). The owner of these Franchiser instance’s would be the Timelock, while the three delegates chosen through the voting process outlined above can act as the delegatees.
Thanks. Comprehensive disquisition. :innocent:
Thanks. Comprehensive disquisition. :innocent:
Fully supportive of this initiative to not only empower active but underrepresented delegates. It's clear from the community responses that there's a shared vision for a more engaged and diverse governance structure. This proposal not only addresses current participation issues but also sets a new standard for accountability and involvement. While there are different opinions on the exact approach, the underlying commitment to enhance the effectiveness of Uniswap's governance is commendable. Looking forward to seeing how this innovative step shapes our future decision-making and strengthens the protocol's resilience.
I agree that governance participation is unacceptably low, but activity is not a good measure of competence as a delegate.
Instead I'd suggest a much larger voting "airdrop" to users (meaning a contract that allows them to delegate UNI via Franchiser based on usage of the product), so they have meaningful amounts to delegate. As it stands, the voting power required to pass a proposal is controlled by a small number of entities and their chosen delegates.
I agree that governance participation is unacceptably low, but activity is not a good measure of competence as a delegate.
Instead I'd suggest a much larger voting "airdrop" to users (meaning a contract that allows them to delegate UNI via Franchiser based on usage of the product), so they have meaningful amounts to delegate. As it stands, the voting power required to pass a proposal is controlled by a small number of entities and their chosen delegates.
You could add a small reward for delegating this airdropped voting power within the first X days.
But in extreme example, having zero activity wouldn’t be an ideal delegate, no?
But in extreme example, having zero activity wouldn’t be an ideal delegate, no?
It doesn't mean much because abstaining is equivalent to not voting, so not voting is the easiest way to abstain. And if abstaining did reduce the quorum requirement, not voting would still be a valid choice.
Another aspect is accountability. If one is delegating, then that’s because one believes the delegate is able to represent their interest or at least participate in governance.
Delegators will move their delegations if they care about it.
I think giving majority voting power to users via voting airdrop so their vote/delegation actually matters is the only way anyone is going to care about voting. If you spread the reward over time (e.g. users have to reaffirm or change their delegation), you incentivize accountability.
There's the risk that delegates bribe users that receive this voting power airdrop to delegate to them. But this is in practice hard to execute.
Fully supportive of this initiative to not only empower active but underrepresented delegates. It's clear from the community responses that there's a shared vision for a more engaged and diverse governance structure. This proposal not only addresses current participation issues but also sets a new standard for accountability and involvement. While there are different opinions on the exact approach, the underlying commitment to enhance the effectiveness of Uniswap's governance is commendable. Looking forward to seeing how this innovative step shapes our future decision-making and strengthens the protocol's resilience.
I agree that governance participation is unacceptably low, but activity is not a good measure of competence as a delegate.
Instead I'd suggest a much larger voting "airdrop" to users (meaning a contract that allows them to delegate UNI via Franchiser based on usage of the product), so they have meaningful amounts to delegate. As it stands, the voting power required to pass a proposal is controlled by a small number of entities and their chosen delegates.
I agree that governance participation is unacceptably low, but activity is not a good measure of competence as a delegate.
Instead I'd suggest a much larger voting "airdrop" to users (meaning a contract that allows them to delegate UNI via Franchiser based on usage of the product), so they have meaningful amounts to delegate. As it stands, the voting power required to pass a proposal is controlled by a small number of entities and their chosen delegates.
You could add a small reward for delegating this airdropped voting power within the first X days.
But in extreme example, having zero activity wouldn’t be an ideal delegate, no?
But in extreme example, having zero activity wouldn’t be an ideal delegate, no?
It doesn't mean much because abstaining is equivalent to not voting, so not voting is the easiest way to abstain. And if abstaining did reduce the quorum requirement, not voting would still be a valid choice.
Another aspect is accountability. If one is delegating, then that’s because one believes the delegate is able to represent their interest or at least participate in governance.
Delegators will move their delegations if they care about it.
I think giving majority voting power to users via voting airdrop so their vote/delegation actually matters is the only way anyone is going to care about voting. If you spread the reward over time (e.g. users have to reaffirm or change their delegation), you incentivize accountability.
There's the risk that delegates bribe users that receive this voting power airdrop to delegate to them. But this is in practice hard to execute.
Thanks for the feedback again.
this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury’s voting rights, which is a different animal altogether.
Thanks for the feedback again.
this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury’s voting rights, which is a different animal altogether.
I agree with you actually, which is the intent of this proposal. We can't force token holders to for example re delegate. But for this initiative, the governance can re delegate or withdraw delegation thus providing accountability to delegates.
Terms like 1 year can make the meta governance more burden because that would mean we would have to keep track of each one based on their term and have to host re election every time one is removed due to their terms. But will explain some changes in the below:
I do have some concerns about incentivizing quantity rather than quality, as well as concerns about adding a meta governance burden to delegates whose participation, as you point out, is already dwindling (who wants to vote on who gets to vote?).
But,
is very fair. So to be inclusive of both experiment, term and also point about overburdening the meta of the governance, suggesting following changes:
The term will be 1 year from when 2.5 M UNI is delegated. However, If a received delegate is removed without fulling this 1 year term, the role won't be filled.
I believe after a year, we can revisit for improvements and lessons learned.
Thanks Doo. I do just want to push back on a couple of your arguments:
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn’t participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
Thanks Doo. I do just want to push back on a couple of your arguments:
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn’t participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
That’s also a fair point but considering the current large delegators are not re delegating despite their delegates not being active, it ironically creates a situation where delegates who are active and get the this initiative’s delegation will have their delegations removed after a certain time despite being active while those with no activeness can have their delegations almost indefinitely.
^^ this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury's voting rights, which is a different animal altogether.
Accountability as shared above would be requirement to vote on 90% or more for past 3 months.
Think it's fine to move to a Snapshot but I'd encourage the community to think about these questions both in voting there and then in the run up to any onchain proposals.
@Doo_StableLab unsure if you have a dashboard already built to track participation rates, but we launched WinterGov earlier this year which tracks 6-month on-chain participation rate for any address (filters out cancelled proposals).
You will also be able to see their voting power, delegators, voting activity, and overall participation rate from the first time they voted vs. genesis of the DAO's voting.
Thank you for the thoughtful feedback @eek637 . Really appreciate them.
That said, I would think that’s the upper bound, and it’s potentially worth experimenting with lower numbers first to get this figured out operationally.
We support this initiative and have responded to the poll in favor of including five delegates. If this number of delegates adds difficulty due to the mechanics of delegation and the number of franchiser contracts only being three, a lower amount is okay.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
Thanks @Doo_StableLab for this proposal. I'm supportive in principle and have been thinking about how we might be able to do something along these lines since @Kydo mentioned it in passing a few months ago.
There are several details that I think are important to consider that haven't really been fleshed out here. I don't have particularly strong feelings one way or the other, but think it's worth discussing:
Thanks @Doo_StableLab for this proposal. I'm supportive in principle and have been thinking about how we might be able to do something along these lines since @Kydo mentioned it in passing a few months ago.
There are several details that I think are important to consider that haven't really been fleshed out here. I don't have particularly strong feelings one way or the other, but think it's worth discussing:
It could just be the answers to these are:
Which is potentially fine, and I am biased towards simplicity. But I do think that it's worth discussing the trade offs of this approach so that everyone's on the same page.
Thanks for the feedback again.
this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury’s voting rights, which is a different animal altogether.
Thanks for the feedback again.
this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury’s voting rights, which is a different animal altogether.
I agree with you actually, which is the intent of this proposal. We can't force token holders to for example re delegate. But for this initiative, the governance can re delegate or withdraw delegation thus providing accountability to delegates.
Terms like 1 year can make the meta governance more burden because that would mean we would have to keep track of each one based on their term and have to host re election every time one is removed due to their terms. But will explain some changes in the below:
I do have some concerns about incentivizing quantity rather than quality, as well as concerns about adding a meta governance burden to delegates whose participation, as you point out, is already dwindling (who wants to vote on who gets to vote?).
But,
is very fair. So to be inclusive of both experiment, term and also point about overburdening the meta of the governance, suggesting following changes:
The term will be 1 year from when 2.5 M UNI is delegated. However, If a received delegate is removed without fulling this 1 year term, the role won't be filled.
I believe after a year, we can revisit for improvements and lessons learned.
Thanks Doo. I do just want to push back on a couple of your arguments:
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn’t participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
Thanks Doo. I do just want to push back on a couple of your arguments:
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn’t participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
That’s also a fair point but considering the current large delegators are not re delegating despite their delegates not being active, it ironically creates a situation where delegates who are active and get the this initiative’s delegation will have their delegations removed after a certain time despite being active while those with no activeness can have their delegations almost indefinitely.
^^ this is also unrelated, in my opinion. What token holders choose to do with their voting rights is up to them. We are making decisions about what to do with the Treasury's voting rights, which is a different animal altogether.
Accountability as shared above would be requirement to vote on 90% or more for past 3 months.
Think it's fine to move to a Snapshot but I'd encourage the community to think about these questions both in voting there and then in the run up to any onchain proposals.
@Doo_StableLab unsure if you have a dashboard already built to track participation rates, but we launched WinterGov earlier this year which tracks 6-month on-chain participation rate for any address (filters out cancelled proposals).
You will also be able to see their voting power, delegators, voting activity, and overall participation rate from the first time they voted vs. genesis of the DAO's voting.
Thank you for the thoughtful feedback @eek637 . Really appreciate them.
That said, I would think that’s the upper bound, and it’s potentially worth experimenting with lower numbers first to get this figured out operationally.
We support this initiative and have responded to the poll in favor of including five delegates. If this number of delegates adds difficulty due to the mechanics of delegation and the number of franchiser contracts only being three, a lower amount is okay.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
Thanks @Doo_StableLab for this proposal. I'm supportive in principle and have been thinking about how we might be able to do something along these lines since @Kydo mentioned it in passing a few months ago.
There are several details that I think are important to consider that haven't really been fleshed out here. I don't have particularly strong feelings one way or the other, but think it's worth discussing:
Thanks @Doo_StableLab for this proposal. I'm supportive in principle and have been thinking about how we might be able to do something along these lines since @Kydo mentioned it in passing a few months ago.
There are several details that I think are important to consider that haven't really been fleshed out here. I don't have particularly strong feelings one way or the other, but think it's worth discussing:
It could just be the answers to these are:
Which is potentially fine, and I am biased towards simplicity. But I do think that it's worth discussing the trade offs of this approach so that everyone's on the same page.
@Doo_StableLab unsure if you have a dashboard already built to track participation rates, but we launched WinterGov earlier this year which tracks 6-month on-chain participation rate for any address (filters out cancelled proposals).
You will also be able to see their voting power, delegators, voting activity, and overall participation rate from the first time they voted vs. genesis of the DAO's voting.
Feel free to fork/change!
Thank you for the thoughtful feedback @eek637 . Really appreciate them.
That said, I would think that’s the upper bound, and it’s potentially worth experimenting with lower numbers first to get this figured out operationally.
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn't participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
how long are those votes delegated for and what’s the process by which they’re taken away, either because a term has expired or for cause?
That's also a fair point but considering the current large delegators are not re delegating despite their delegates not being active, it ironically creates a situation where delegates who are active and get the this initiative's delegation will have their delegations removed after a certain time despite being active while those with no activeness can have their delegations almost indefinitely.
Once delegators are actively re delegating and have a policy regarding such then initiatives like this won't be needed, but till then, this initiative seem sensible.
Accountability as shared above would be requirement to vote on 90% or more for past 3 months. So for example, even if a received delegate has 90% now, if one falls below that next month, then one will be removed and a month later, there will be a voting to replace one. It's possible to add additional requirements but the important thing is unlike usual delegators, Uniswap community would be able to ask for accountability and actually withdraw support if they don't meet the requirement. Indeed giving more choice and decision making power compared to the current structure.
We support this initiative and have responded to the poll in favor of including five delegates. If this number of delegates adds difficulty due to the mechanics of delegation and the number of franchiser contracts only being three, a lower amount is okay.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
If the concern is that there are worthy, active delegates who have a lower participation rate, the threshold could be reduced and a ranked choice strategy employed to vote on the final selectees. The trade-off is increased meritocracy, but potentially avoids pitfalls of more rigid eligibility criteria.
We would just have to agree to disagree because in my mind, at least delegates reviewing the proposal and abstain due to various reasons and ideally give feedbacks to the proposal is in many ways, "better" for the governance ecosystem than delegates that have zero activity. Also active delegates wouldn't usually just vote abstain for all but vote in support or against as well.
But everyone has different opinions so thank you for your comments.
but activity is not a good measure of competence as a delegate.
But in extreme example, having zero activity wouldn't be an ideal delegate, no? Sure, 100% active delegate is not necessarily better than 90% active delegate but arguely, if delegates don't participate at all or very rarely then it's not ideal.
Another aspect is accountability. If one is delegating, then that's because one believes the delegate is able to represent their interest or at least participate in governance.
Upcoming changes to the proposal before going to Snapshot
Before: 3 Delegates After: 4 Delegates
Upcoming changes to the proposal before going to Snapshot
Before: 3 Delegates After: 4 Delegates
Before: vote participation rate of 90% for onchain, 90% for offchain for past 3 months After: vote participation rate of 80% for onchain, 80% for offchain for past 3 months
Also adding
The term will be 1 year from when 2.5 M UNI is delegated. However, If a received delegate is removed without fulling this 1 year term, the role won’t be filled.
But happy to hear further feedback. Thank you. And for proposals that are very different from this idea such as airdropping to holders, such seems more fitting for their own proposals and posts as the structure and planning will be very different.
Thanks for putting this together! We definitely think that this initiative would be very constructive for Uniswap governance and the broader good of the protocol.
As an active but underrepresented delegate ourselves, we are very interested in participating in this program, as well as assisting with any eligibility review for all prospective candidates.
This is a great initiative @Doo_StableLab thanks!
This is an awesome opportunity for the DAO to directly empower their community and give existing delegates a goal and reward to work towards, in exchange for improving their participation rate.
This is a great initiative @Doo_StableLab thanks!
This is an awesome opportunity for the DAO to directly empower their community and give existing delegates a goal and reward to work towards, in exchange for improving their participation rate.
We have voted for the program to elect 4 delegates for a total of 10M UNI to be delegated. Looking at the recent on-chain voting turnout, 10M should be credible enough to reach the voting quorum and therefore, require large delegates to vote instead of abstaining; knowing that the quorum will likely not be met.
Thanks for many feedback so far already. There have been some questions about why three instead of more to encourage participation. So we will keep this forum poll running to see the sentiment.
[poll type=regular results=always chartType=bar]
We’re very much in support of this proposal.
Enabling healthy governance participation in one of the biggest DAOs and recognising the ones that remain consistently active should be a no-brainer. Those delegations can enable participants to be proactive rather than reactive.
We’re very much in support of this proposal.
Enabling healthy governance participation in one of the biggest DAOs and recognising the ones that remain consistently active should be a no-brainer. Those delegations can enable participants to be proactive rather than reactive.
The Uniswap delegation race back in May 2023 was a great enabler of fuelling new & existing participants but there has been a clear drop off.
We believe this proposal is a great reminder for all existing delegates to aim for better participation and compete for this campaign in the future as well.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
As it will be measured over the last 3 months as of the date when this proposal is passed on Snapshot, the date will take place around 11 days from now (if it passes). So there are factors that will influence (as there will be more votes in that 11 days).
But if the 90% participation requirement was taken at current time, from my understanding, at least 10 delegates would qualify.
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
Stickiness of Delegation is an issue if despite delegation, delegates are not active in governance, therefore, such will help to ensure accountability.
To ensure further accountability, each delegate must maintain a 90% participation rate at a minimum (as explained further in Participation Requirements) or is subject to undelegation via the Franchiser contract explained below.
@Doo_StableLab unsure if you have a dashboard already built to track participation rates, but we launched WinterGov earlier this year which tracks 6-month on-chain participation rate for any address (filters out cancelled proposals).
You will also be able to see their voting power, delegators, voting activity, and overall participation rate from the first time they voted vs. genesis of the DAO's voting.
Feel free to fork/change!
Thank you for the thoughtful feedback @eek637 . Really appreciate them.
That said, I would think that’s the upper bound, and it’s potentially worth experimenting with lower numbers first to get this figured out operationally.
And operationally it is possible to delegate 2.5 mil UNI as saw details regarding Ekubo Protocol. If the governance is willing to experiment with 2.5 mil UNI to an entity that hasn't participated in Uniswap governance before, I find it fair that the governance should be willing to experiment with 2.5 mil UNI to entities that actively participated in Uniswap governance.
how long are those votes delegated for and what’s the process by which they’re taken away, either because a term has expired or for cause?
That's also a fair point but considering the current large delegators are not re delegating despite their delegates not being active, it ironically creates a situation where delegates who are active and get the this initiative's delegation will have their delegations removed after a certain time despite being active while those with no activeness can have their delegations almost indefinitely.
Once delegators are actively re delegating and have a policy regarding such then initiatives like this won't be needed, but till then, this initiative seem sensible.
Accountability as shared above would be requirement to vote on 90% or more for past 3 months. So for example, even if a received delegate has 90% now, if one falls below that next month, then one will be removed and a month later, there will be a voting to replace one. It's possible to add additional requirements but the important thing is unlike usual delegators, Uniswap community would be able to ask for accountability and actually withdraw support if they don't meet the requirement. Indeed giving more choice and decision making power compared to the current structure.
We support this initiative and have responded to the poll in favor of including five delegates. If this number of delegates adds difficulty due to the mechanics of delegation and the number of franchiser contracts only being three, a lower amount is okay.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
If the concern is that there are worthy, active delegates who have a lower participation rate, the threshold could be reduced and a ranked choice strategy employed to vote on the final selectees. The trade-off is increased meritocracy, but potentially avoids pitfalls of more rigid eligibility criteria.
We would just have to agree to disagree because in my mind, at least delegates reviewing the proposal and abstain due to various reasons and ideally give feedbacks to the proposal is in many ways, "better" for the governance ecosystem than delegates that have zero activity. Also active delegates wouldn't usually just vote abstain for all but vote in support or against as well.
But everyone has different opinions so thank you for your comments.
but activity is not a good measure of competence as a delegate.
But in extreme example, having zero activity wouldn't be an ideal delegate, no? Sure, 100% active delegate is not necessarily better than 90% active delegate but arguely, if delegates don't participate at all or very rarely then it's not ideal.
Another aspect is accountability. If one is delegating, then that's because one believes the delegate is able to represent their interest or at least participate in governance.
Upcoming changes to the proposal before going to Snapshot
Before: 3 Delegates After: 4 Delegates
Upcoming changes to the proposal before going to Snapshot
Before: 3 Delegates After: 4 Delegates
Before: vote participation rate of 90% for onchain, 90% for offchain for past 3 months After: vote participation rate of 80% for onchain, 80% for offchain for past 3 months
Also adding
The term will be 1 year from when 2.5 M UNI is delegated. However, If a received delegate is removed without fulling this 1 year term, the role won’t be filled.
But happy to hear further feedback. Thank you. And for proposals that are very different from this idea such as airdropping to holders, such seems more fitting for their own proposals and posts as the structure and planning will be very different.
Thanks for putting this together! We definitely think that this initiative would be very constructive for Uniswap governance and the broader good of the protocol.
As an active but underrepresented delegate ourselves, we are very interested in participating in this program, as well as assisting with any eligibility review for all prospective candidates.
This is a great initiative @Doo_StableLab thanks!
This is an awesome opportunity for the DAO to directly empower their community and give existing delegates a goal and reward to work towards, in exchange for improving their participation rate.
This is a great initiative @Doo_StableLab thanks!
This is an awesome opportunity for the DAO to directly empower their community and give existing delegates a goal and reward to work towards, in exchange for improving their participation rate.
We have voted for the program to elect 4 delegates for a total of 10M UNI to be delegated. Looking at the recent on-chain voting turnout, 10M should be credible enough to reach the voting quorum and therefore, require large delegates to vote instead of abstaining; knowing that the quorum will likely not be met.
Thanks for many feedback so far already. There have been some questions about why three instead of more to encourage participation. So we will keep this forum poll running to see the sentiment.
[poll type=regular results=always chartType=bar]
We’re very much in support of this proposal.
Enabling healthy governance participation in one of the biggest DAOs and recognising the ones that remain consistently active should be a no-brainer. Those delegations can enable participants to be proactive rather than reactive.
We’re very much in support of this proposal.
Enabling healthy governance participation in one of the biggest DAOs and recognising the ones that remain consistently active should be a no-brainer. Those delegations can enable participants to be proactive rather than reactive.
The Uniswap delegation race back in May 2023 was a great enabler of fuelling new & existing participants but there has been a clear drop off.
We believe this proposal is a great reminder for all existing delegates to aim for better participation and compete for this campaign in the future as well.
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
@Doo_StableLab Do you have data available that projects which delegates are currently eligible at the 90% participation requirement?
As it will be measured over the last 3 months as of the date when this proposal is passed on Snapshot, the date will take place around 11 days from now (if it passes). So there are factors that will influence (as there will be more votes in that 11 days).
But if the 90% participation requirement was taken at current time, from my understanding, at least 10 delegates would qualify.
@Doo_StableLab May have missed this, but with the stickiness of delegations a common issue, how frequently would these delegations be rebalanced? Every three months?
Stickiness of Delegation is an issue if despite delegation, delegates are not active in governance, therefore, such will help to ensure accountability.
To ensure further accountability, each delegate must maintain a 90% participation rate at a minimum (as explained further in Participation Requirements) or is subject to undelegation via the Franchiser contract explained below.