Uniswap DAO passed the 'Delegate Rewards Program' Cycle 3 vote, allocating $540,000 in UNI tokens for governance incentives.

Golden Finance reported that the Decentralized Autonomous Organization (DAO) of the Decentralization trading protocol Uniswap recently voted to continue the 'Delegate Reward Initiative' and initiate Cycle 3. According to the approved proposal on the blockchain voting platform Tally, Uniswap DAO will allocate an additional $540,000 worth of protocol native Token UNI to fund Cycle 3 of the initiative. The 'Representative Rewards Program' aims to improve the quality and participation of Uniswap governance through economic incentives. The program provides rewards to outstanding 'representatives' (individuals or entities authorized to vote on behalf of other Token holders), with each representative eligible to receive up to $6000 worth of UNI tokens per month. The governance vote took place from February 26 to March 4, 2025, and was approved with 47.51 million votes in favor (99.45% of the total). The proposal for the third cycle is currently in the "queue" for execution, and the specific execution date will be determined later, provided that it is not canceled within the time lock period.