Recently the Index Coop voted to delegate our UNI votes to Flipside.
For some context, in order to propose a vote on Uniswap, a proposer must reach a minimum amount of voting power.
In IIP-67 (above) we agreed to delegate our UNI to Flipside. This would allow them to make the proposal, and use our UNI to vote FOR.
Shortly after the proposal went live here, Index Coop delegated UNI votes back to our Operations wallet. This was done with the intention of being prepared to vote on any other Uniswap governance votes that might subsequently be proposed.
However, once the UNI votes were delegated away from Flipside’s wallet address, the proposal fell below the required proposal threshold allowing the vote to be cancelled. A Uniswap community member then stepped in and cancelled the vote.
This was an error on our part, and I’m deeply sorry for the added confusion and frustration this caused Flipside & the Uniswap community. The IIP the Index Coop agreed to above specifies that UNI should be delegated to the Flipside address for the duration of the vote.
Dave from Flipside has expressed his views on the situation here.
In my opinion, the Index Coop have not yet followed through on it’s commitment outlined in IIP-67. If Flipside were to request another UNI delegation per the IIP-67 specification, I would be supportive. But this is a subject for the community to decide.