Uniswap DAO votes to take back $42m of governance tokens loaned to delegates
By Tim Craig
AI summary of the source article
Uniswap DAO is voting on a proposal to retrieve roughly $42 million worth of UNI governance tokens (12.5 million UNI) loaned to the Uniswap Foundation and top delegates between 2022 and 2023. Proposal author Erin Koen stated that governance activity has significantly increased, making the loan program unnecessary while also resolving potential incentive misalignments. The vote concludes on May 8, with early tallies showing 53% in favor and 46% abstaining.