Uniswap DAO initiates a proposal vote on "Diversifying Investment of $5 Billion Reserves"

According to ChainCatcher news, as reported by DL News, the Uniswap DAO is currently voting on a proposal for its fund diversification. The proposal states that the value of Uniswap's funds peaked at nearly $19 billion in 2021 but fell to $1.5 billion during the market bear phase in 2022. To prevent further instability, the DAO is currently voting on a proposal aimed at establishing an advisory committee to help Uniswap achieve fund diversification. The DAO has $5 billion in reserves.

The proposal states that, in addition to diversification, the committee's goal is to explore how to transition Uniswap's treasury from dormant reserves of UNI tokens into a pool that can generate returns and additional income for the DAO.

Data from the off-chain voting platform Snapshot shows that early voting indicates strong support for the proposal, with a support rate of 74% among participants. This activity will conclude on March 31 and serves as a temperature check vote.