Uniswap DAO Advances $111 Million Program to Boost Governance Participation

The community behind the decentralized exchange Uniswap has voted to allocate $111 million worth of UNI tokens to large and active but underrepresented delegates. In a preliminary “temperature check” vote, about 60% of Uniswap’s governing decentralized autonomous organization (DAO) voters approved the proposal, sending it to a full vote for implementation. Uniswap has $3.8 billion in total value locked (TVL) across 34 chains, according to DeFiLlama. In February, Uniswap Labs launched Unichain, a DeFi-focused Layer 2 blockchain built on the Optimism Superchain. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io