Uniswap DAO Votes on Returning 12.5M UNI Tokens to Governance

• Uniswap DAO is voting on whether to return 12.5 million delegated UNI tokens to its governance timelock.
• The tokens were delegated in 2022 and 2023 to support governance when participation was lower.
• Erin Koen said passed proposals have averaged about 75 million votes since DUNI was established.

Uniswap DAO is voting on a proposal to return 12.5 million UNI tokens, worth about $42 million, to its governance timelock. The tokens were delegated between 2022 and 2023 to the Uniswap Foundation and several active delegates during a period of weaker governance participation.

The proposal now argues that Uniswap’s governance structure has changed, with more active delegation and stronger voting turnout under DUNI. Meanwhile, DeFi data showed total value locked across the sector at $85.86 billion, while Uniswap’s vote remains open until May 8.

Delegated UNI Faces Re…

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