404 DAO Delegate Platform

Delegation Pitch
6

September Voting and Rationale

Snapshot

  1. Ethereum Foundation Attackathon
  • Proposal: Link
  • Vote: Do not sponsor
  • Reasoning: We voted Do Not Sponsor on this proposal because the Foundation and Uniswap Labs are already managing hackathons. We don’t see a strong argument right now for why the DAO should fund hackathons. Rather, we believe that having the Foundation and Labs continue to sponsor hackathons, leveraging their existing resources and experience, will lead to better ROI for the protocol.
  1. UAC Renewal S3
  • Proposal: Link
  • Vote: Renew UAC
  • Reasoning: We voted FOR renewing the UAC. The UAC plays a critical role in the DAO, overseeing new deployments of Uniswap and deploying incentives to these chains. This work is operationally rigorous and requires financial, business development, and technical skills. We are impressed with the committee’s work over the past two seasons and will gladly support renewal. With that said, we support the creation of new working groups to offload the expanded responsibility and scope creep that the UAC experienced in Season 2.
  1. Approved Budgets Rebalancing
  • Proposal: Link
  • Vote: Approve Rebalance
  • Reasoning: We voted FOR approving the Budgets Rebalancing. We understand that UNI’s volatility coupled with USD denominated payments has resulted in a need to rebalance accounts. We are pleased to see the UAC employ good accounting practices.
  1. Uniswap Delegate Race Tiebreaker
  • Proposal: Link
  • Vote: Both (create an extra 16th spot)
  • Reasoning: We voted to create an additional 16th spot to include all delegates who qualified for Delegate Rewards Cycle 2. In the interest of optimizing for maximum governance participation, and since the rules of the tie-break were not extensively defined, we believe it makes sense to create an additional spot and not exclude any delegate who qualified through the rubric scoring.

Tally

  1. Proposal to active 2, 3, 4 bps fee-tiers on Base
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR activating the 2, 3 and 4 bps tiers on Base. After reviewing the research presented by @aadams and engaging in some debate on the forum (see here), we believe that having fee tier optionality could improve the competitiveness of the Uniswap protocol. With that said, since this is an experiment, we look forward to seeing data presented to the DAO on how fee tiers have impacted LP profitability and retail volume aggregation.
  1. Uniswap Accountability S3 Renewal and Rebalance
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR both these proposals in the snapshot phase and our reasoning is stated above.
  1. Forse Analytics for Uniswap Revitalization and Growth Program
  • Proposal: Link
  • Vote: For
  • Rationale: We voted FOR this proposal during the temp check phase and our previously stated rationale has not changed. We look forward to seeing the dashboards for the selected chains in the URGP.