TLDR:
- Uniswap's DAO governance portal has recently been launched, rewarding users for active participation in voting. Uniswap DAO is considering altering Uniswap $UNI rewards allocation rate for 1% of annual treasury budget to 2.5%. Increasing the rewards for DAO participation will increase proposal engagement. Also, increasing voting participation rewards has the potential to increase swap transaction volume on the platform by rewarding holders/ active voters, but reduces total $UNI treasury budget which could be used for other initiatives.
Proposed Implementation:
- Increase $UNI voting rewards from 1% of treasury budget to 2.5% treasury budget to further incentive voting participation and reward the Uniswap community. Maintain $UNI annual rewards distribution timeline. As of now, there is approximately 27.4% of active $UNI holders engaging in DAO voting on the new Uniswap Dao Portal indicating significant room for growth if voting incentives are increased. A majority vote of 51% or greater is required for the protocol to implement this new rate change.
What is the Uniswap DAO Portal and how can I join?
- Uniswap DAO has voted to form a decentralized internal voting platform where contributors are able to propose DAO governance updates. All active users who engage in DAO voting are included in the upcoming $UNI rewards distribution snapshot. If you haven't registered already, users have until December 10th to register and receive the 'Early Uni' role and 1.25x voting points rewards multiplier.
Uniswap DAO Portal Eligibility Requirements:
- At least 1 successful swap on Uniswap
- Wallet age of at least 7 days
- Register and link wallet on the official Uniswap DAO Portal HERE
If you haven't already, check HERE to register for the Uniswap DAO Portal to receive the 'Early Uni' role and be included in the $UNI rewards distribution snapshot.
Summary
- If a majority vote of 51% or greater is received after 7 days, the $UNI rewards distribution for active Uniswap DAO voters will be increased to 2.5% of the treasury fund.
- If this proposal is successful, the new rewards distribution rate will be updated for the 2024 $UNI voting reward distribution.
Thanks for taking the time to read and vote. Remember, there is only 7 days left to register for the Uniswap DAO portal to be eligible the the $UNI snapshot. Happy voting and trading!
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