Thank you @AbdullahUmar for the proposal and we are glad to see the commitment made in the original Arbitrum LTIPP application has been addressed in an appropriate way in the Uniswap governance.
Regarding the amount of the matching, from our perspective, Uniswap has already a large position on Arbitrum One, thus the use of additional incentives would be limited while Gauntlet’s approach to incentivizing inactive LPs seems appropriate. We also looked into the Base case as a success case as we understand that the incentive implemented by the DAO contributed to a significant increase of its fee revenue, volume and TVL on Base, and the amount used was approximately $500k ($492k to be exact.)
Based on the above, we believe the amount to be used for the matching should be $500k and we would vote for $250k, $750k and $1M in this order.