# Return 12.5M Delegated Tokens to the Governance Timelock
AI summary
This proposal aims to retrieve approximately 12.5 million UNI tokens that were previously delegated from the Uniswap treasury to various entities, including the Uniswap Foundation and several active delegates. These delegations were initially made in 2022 and 2023 to boost governance participation during a period of low engagement. The proposal argues that the governance landscape has since improved, with increased participation and a robust delegate base, making the original rationale for these delegations obsolete.
If passed, these 12.5 million UNI tokens, currently valued at approximately $100 million (at $8/UNI), will be returned to the Uniswap Governance Timelock, effectively centralizing this voting power back with the DAO. This change will reduce the voting power of the named delegates, such as the Uniswap Foundation and Wintermute, and increase the direct control of the DAO over these tokens. The proposal intends to address a perceived misalignment where delegates held significant voting power without direct economic exposure.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Return 12.5M Delegated Tokens to the Governance Timelock
Background & Motivation
These UNI were delegated from the treasury in 2022 and 2023 – 2.5M to the Uniswap Foundation and 10M to a group of active delegates - during periods of low governance participation. The delegations aimed to establish an active delegate base when quorum faced risks.
The governance landscape has transformed significantly. Token holders actively delegate voting power, and since DUNI's establishment, passed proposals have averaged roughly 75 million votes in turnout, exceeding quorum by approximately 88%. Over…