Uniswap DAO launches temperature check vote on proposal to “diversify treasury assets”

The Snapshot page shows that the Uniswap DAO is conducting a temperature check vote on its proposal to diversify its funds, and the voting will end on April 1. Uniswap DAO has nearly $6 billion in reserves, primarily in UNI tokens. The proposal states that the Uniswap DAO treasury value peaked at nearly $19 billion in 2021, but fell to $1.5 billion during the market bear market in 2022. To prevent further instability, the Uniswap DAO is currently voting on a proposal to establish an advisory committee to help Uniswap diversify its funding. In addition to diversification, the committee aims to look at how to transform the Uniswap treasury from a dormant reserve in the form of UNI tokens into a pool that can earn yield and additional revenue for the DAO, the proposal states. The committee, known as the Uniswap Treasury Working Group, will explore managing the protocol’s reserve funds and generating additional revenue for the project, while recommending a $74,000 budget for committee members for eight weeks of research work. (DL News)