Uniswap DAO Votes to Reclaim 12.5M UNI Tokens Worth $42M, Voting Ends May 8

UNI3.22%
According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth around $42 million) that were previously delegated to representatives and the foundation. The vote concludes on May 8, with current results showing 53% in favor, 46% abstaining, and minimal opposition. The recovery aims to address incentive misalignment, as some delegates hold significant voting power without corresponding economic exposure. Uniswap Labs noted that governance participation has substantially improved, with average voting reaching approximately 75 million votes.
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