The Uniswap DAO has voted to continue implementing its "Treasury Management Proposal" to increase governance participation.

On April 2nd, according to The Block, the Uniswap DAO has voted to move forward with its "Treasury Delegation" plan. This plan could allocate up to 18 million UNI tokens to specific delegates, with a value of approximately $1.134 billion at the current price. After a preliminary governance vote that ended on Tuesday, the proposal has received initial approval. Specific details will be worked out in the future and will be subject to final on-chain approval through voting. Uniswap's first Treasury Delegation plan, "Delegating UNI to Active but Underrepresented Delegates," was launched in December 2023. The aim of this plan is to support "active but underrepresented delegates" in voting who hold UNI tokens. The Tane Delegate Platform stated in the proposal: "This plan is of great significance for maintaining governance health and retaining active and capable delegates." It referred to data from the previous round of funding support and noted that after the plan's launch, "all delegates participated in all votes, making the DAO more robust."