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

BlockBeats News, April 2nd, according to The Block, the Uniswap DAO has voted to proceed with its "Treasury Delegation" plan, which could allocate up to 18 million UNI tokens to specific delegates, valued at approximately $1.134 billion at the current price. Following a preliminary governance vote that concluded on Tuesday, the proposal has received initial approval, with specific details to be ironed out in the future and subject to final on-chain approval through voting.

Uniswap's inaugural Treasury Delegation plan, "Delegating UNI to Active but Underrepresented Delegates," launched in December 2023, aims to support "active but underrepresented delegates" in voting who hold UNI tokens.

The Tane Delegate Platform stated in the proposal: "This plan is crucial for maintaining governance health and retaining active and capable delegates." It referenced 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."