In order for UNI tokens to be usable for voting, they must be delegated by the holder; they may either be self-delegated or be delegated to a different voter that the holder feels would best represent their interests in the governance process. It must be noted that delegation must be carried out before the start of the voting period for it to count in the corresponding proposal.
Also note that delegation does not restrict the mobility of UNI tokens.
[81] = binary
Delegation of voting power to a voter other than self does in itself constitute a governance action through implicit casting of votes (or, equivalently, explicit boosting of a given voting bloc, which a delegate represents).
[31] = ƒ([81], delegate_vote_allocation, user_strategy_representation)
Should the user self-delegate, realisation of governance value ceases being automatic and must instead proceed through manual voting.
[82] = binary
Represents governance value originating from influencing protocol-wise decisions. The decisions are broad in scope and pertain to both distribution of the community treasury and application of protocol-wide upgrades.
[32] = ƒ([82], delegate_vote_allocation, user_strategy_representation)
NOTE: THIS ORIGIN OF VALUE DOES NOT YET EXIST; ITS EXISTENCE IS PREDICATED ON THE OUTCOME OF AN ONGOING GOVERNANCE DECISION
Should the Uniswap proposal 25881 be accepted, a portion of swap fees that are presently accorded to LPs (namely, 16.7% of LP fees) will instead be accorded to the protocol; these protocol fees will be used to buy and burn UNI tokens, engendering an indirect cash flow for all UNI holders in the form of continuous deflation.
[2] = ƒ(token_minted, token_extant, token_burnt)