🔵The Uniswap DAO initially supported a $113 million "fiscal mandate" program to increase governance engagement DeThings, April 2 (Xinhua) -- According to The Block, Uniswap DAO has decided to continue its "Treasury Delegation Program" through a preliminary governance vote, which may allocate up to 18 million UNI tokens (about $113.4 million at the current price) to selected representatives. The proposal, which received incidental approval, would refine the details and would eventually take effect through on-chain voting. Uniswap's first treasury delegation program – titled "Delegation of UNI Tokens to Active but Underrepresented Representatives" – was launched in December 2023. The purpose of the program is to support "active but underrepresented representatives" who vote on behalf of UNI token holders. "This initiative is essential to maintain the health of governance and to retain active and capable delegates, and once the delegate is launched, all delegates will participate in all voting, which makes the DAO even healthier," the Tane representative platform wrote in its proposal. "If the new Delegate Grant Program is approved, approximately 12 selected delegates will each receive 1 million UNI tokens to incentivize their participation in governance. An additional 1 million tokens will be awarded to "top-tier" delegates, who will be determined based on "objective criteria", including maintaining at least 80% voting participation over the past three months. Although the vote passed the "interim check", the Uniswap community did not fully agree on the plan. Only 60 percent of the votes voted in favor of the plan, while nearly 30 percent of voters abstained. Tane's proposal includes a plan to conduct a rolling evaluation of the effectiveness of the program every three months.