Executive Summary

This report consolidates feedback from stakeholder interviews across Active, Small, and Inactive Delegates, Large Investors, and the Foundation regarding the proposal to introduce rewards for Uniswap delegates.

The primary goal is to evaluate the community's sentiment towards delegate rewards, understand the motivations of current delegates, and understand the goals that delegates and the broader stakeholder group hope to achieve with delegation writ large. The consensus points towards the need for a formal compensation scheme for delegates, though perspectives on implementation, oversight, and value vary.

Introduction

As Uniswap continues to lead the DeFi space, the role of delegates in the governance of the protocol has become increasingly important. Recognizing the substantial time and effort required to participate effectively in governance, StableLab submitted a proposal to introduce compensation for delegates to the DAO. This report aims to synthesize stakeholder opinions on this proposal.

Method

The Working Group tasked with completing stakeholder interviews included Vaughn McKenzie-Landell from Butter, Gab Floramica from she256, Bobby Bola from UMA, and Jun Sun from University of Pennsylvania.

The working group identified six stakeholder groups: Active Delegates, Inactive Delegates, Small Active Delegates, Large Investors, Foundation, and LPs. We aimed to interview at least 2 candidates from each group.

We interviewed 2 in all categories, except for the Foundation, LPs, and Active Delegates, where we interviewed 1, 1, and 5 respectively.

Each interviewee was asked the same four questions:

  1. Where are we now?
  2. Where do we want to go?
  3. How do we get there?
  4. Who should own it?

We took transcripts and notes from these interviews. Interviews were not recorded.

The summary was written by Vaughn McKenzie-Landell with assistance from chatGPT, which was used to combine and query transcripts.

Summary

Sentiment

1. Active Delegates: