Uniswap-Arbitrum Grant Program (UAGP)
The Uniswap-Arbitrum Grant Program (UAGP) is a 6-month grant program fueling projects of two leading ecosystems. Its objective is to foster growth and advance projects that build exclusively within the Uniswap-Arbitrum ecosystem, with a focus on long-term benefits. It was created by a proposal from Areta to leverage Uniswap’s allocation of ARB tokens intended to enhance the Uniswap ecosystem within the Arbitrum Protocol. As funds came directly from the Arbitrum <> Uniswap, airdrop unspent funds are not considered part of the DAO's treasury. Grant Program Fund: 1.1 million ARB tokens. Supporting growth and development of projects exclusively within the Uniswap-Arbitrum ecosystem, focusing on long-term benefits. Mission The UNI/ARB Grant Program (UAGP) aims to: Budget
- Fund High-Impact Projects: The program allocates grants specifically to projects that demonstrate the potential for substantial positive impact on the Uniswap and Arbitrum ecosystems. - Strengthen the Uniswap and Arbitrum Ecosystems: The UNI/ARB Grant Program (UAGP) aims to strengthen the ties and facilitate exchange between the Uniswap and Arbitrum ecosystems. - Ensure Transparency and Community Input: The program mandates regular progress reports and seeks community feedback to influence the direction of funded projects.
State of the UGAP The Uniswap-Arbitrum Grant Program (UAGP) is entering its fourth month of operations as of early March. With their first cohort being announced in early February. The total amount of funding transferred for this reporting period was 102k USDC with 586k USDC total allocated for further milestone pay-outs. The UAGP has currently accepted 7 projects which, as standard through this reporting, relates only to projects that have completed necessary KYC and KYB verification.
UGAP Applications
Applications The UAGP has seen continued strong application numbers as general awareness of the program has picked up across Uniswap and Arbitrum communities, and beyond. As of time of writing, the program has received 90+ applications from a widely diverse group of projects. The following describes the breakdown of application focus by each RFP category.
5%
21%
44%
31%
Open Contribution Liquidity Management and Derivative Protocols Uniswap on Arbitrum Ecosystem tools or products Uniswap v4 Infrastructure Dev Tools
Grants Overview
UGAP Treasury Holdings
Grants Overview
13 March 2024
Grants Allocated for Payout (USDC)
586,465
USDC Holdings
1,474,100
% of Project Treasury Allocated (USDC)
37%
ARB Holdings
161,590
Grants Already Paid Out (USDC)
102,580
The UAGP holds the project treasury in USDC stablecoin converted at a rate of $2/ARB to operationally hedge currency risk for projects of ARB token.
% of Treasury Transferred (USDC)
7%
23
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