PANews May 5 news, according to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI (about 42 million USD) that was previously lent to representatives and the foundation. The related voting will end on May 8, with about 53% in favor, 46% abstaining, and very few votes against.

Between 2022 and 2023, the DAO had lent out the aforementioned governance tokens to enhance governance participation. Uniswap Labs stated that current governance activity has significantly increased, with an average voting participation rate of about 75 million votes, and the related mechanisms have achieved the expected effects.

This reclamation also aims to address the issue of incentive misalignment—some representatives hold substantial voting power despite lacking personal economic exposure. At the same time, this move is seen as a response to external doubts about the degree of decentralization in governance.

In addition, the Uniswap ecosystem has recently advanced reforms including fee mechanisms, token buyback and burn, and governance structure optimization to further enhance governance transparency and decentralization levels.

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