🔵Uniswap DAO initially supports a $113 million 'Treasury Delegation' plan to enhance governance participation. According to The Block, Uniswap DAO has decided through an initial governance vote to continue its 'Treasury Delegation Program,' which may allocate up to 18 million UNI tokens (approximately $113.4 million at current prices) to selected delegates. This proposal, which received conditional approval, will refine specific details and ultimately require an on-chain vote to take effect officially. Uniswap's first treasury delegation program, named 'Delegating UNI Tokens to Active but Underrepresented Delegates,' was launched in December 2023. The program aims to support 'active but underrepresented delegates' who vote on behalf of UNI token holders. Tane, representing the platform, wrote in the proposal: 'The program is crucial for maintaining healthy governance and retaining active and capable delegates. Once the program is launched, all delegates will participate in all votes, making the DAO healthier.' If the new delegate funding program is approved, approximately 12 selected delegates will each receive 1 million UNI tokens to incentivize their governance participation. An additional 1 million tokens will be awarded to 'top-tier' delegates, determined by 'objective criteria,' including maintaining at least an 80% voting participation rate over the past three months. Although the vote passed the 'preliminary check,' the Uniswap community has not fully agreed on the plan. Only 60% of the voting power supports the plan, while nearly 30% of voters chose to abstain. Tane's proposal includes a plan to conduct a rolling assessment of the program's effectiveness every three months.