Uniswap DAO votes to claw back $42M in UNI delegation loans — result due May 8.

Uniswap DAO is voting on a proposal to reclaim 12.5 million UNI — roughly $42 million — previously loaned to the Uniswap Foundation and key delegates between 2022 and 2023. Those loans were originally issued to boost governance participation, but the move has reignited debate over how much influence delegated tokens confer and whether the current structure serves genuine decentralization.

With the vote closing May 8, early tallies show approximately 53% in support and 46% abstaining, with minimal outright opposition. The high abstention rate is notable: it suggests a large bloc of token holders is either undecided or deliberately withholding a signal, which could shift the outcome in the final days.

If the proposal passes, the Foundation and delegates would need to return the loaned UNI, potentially reshaping the governance power balance heading into Uniswap's next major protocol…