Uniswap DAO Vote Seeks to Recall 12.5 Million UNI Worth About $42 Million

The proposal to reclaim UNI previously lent for governance remains open until May 8, with turnout at 75 million UNI, roughly 88% above quorum, according to the proposal.

UNI

Summary

Uniswap DAO is voting on a proposal to recall 12.5 million UNI worth about $42 million that was previously lent for governance. Voting ends on May 8, and the latest figures cited show 53% in favor and 46% abstaining. The proposal says average turnout has reached 75 million UNI, which is about 88% above quorum, adding further context to participation levels in the governance process.

Terms & Concepts
  • DAO: A decentralized autonomous organization is a blockchain-based governance structure where token holders vote on proposals and collective decisions.
  • UNI: UNI is Uniswap’s governance token, used by holders to vote on proposals affecting the protocol and related governance matters.