Uniswap DAO launches vote on proposal to “diversify US$5 billion in reserves”

ChainCatcher news, according to DL News, Uniswap DAO is voting on a proposal to diversify its funds. The proposal states that the value of Uniswap funds rose to nearly $19 billion when it peaked in 2021, but fell to 2022 during the market bear market. $1.5 billion. To prevent further instability, the DAO is currently voting on a proposal to establish an advisory committee to help Uniswap diversify its funding. The DAO has $5 billion in reserves.

In addition to diversification, the committee aims to look at how to transform Uniswap’s treasury from a dormant reserve of UNI tokens into a pool that can earn yield and additional revenue for the DAO, the proposal states.

Early voting data shows overwhelming support for the proposal, with a support rate of 74% among participants, according to off-chain voting platform Snapshot. The campaign, which ends on March 31, is a temperature check vote.