Uniswap DAO will consider giving underrepresented representatives more voting rights
A group of seven Uniswap DAO representatives with a voting rate of over 80% but negligible voting power is closer to obtaining an increase in voting power after Wednesday's temperature check vote. The proposal will allocate 10 million Uniswap (worth approximately $60 million at current prices) to DAO representatives with "insufficient representation," whose Uniswap holdings are less than 2.5 million. DAOs from the Georgia Institute of Technology blockchain club and Wintermute are the two most popular representatives in the interim check.
The proposal is now facing on-chain voting before representatives can receive UNI from the DAO's treasury. It should be noted that UNI is not funds that representatives can spend or trade, but it will increase their voting power share in future governance affairs.
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