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Memo 0x7916b3ef…fb56ef on Ethereum

I am voting yes on this proposal to return the 12.5 million delegated UNI tokens from the Franchiser contracts back to the Governance Timelock treasury. While these initial treasury delegations were necessary to secure quorum during a period of low participation in 2022 and 2023, the Uniswap governance landscape has matured significantly, with organic voter turnout now consistently exceeding quorum requirements. Recalling these tokens successfully fixes the structural misalignment between voting power and economic exposure, ensuring the protocol's governance remains decentralized, secure, and driven by active stakeholders.