[TEMP CHECK] - Adopt The SEAL Safe Harbor Agreement
Vote: YES
Rational: The SEAL Safe Harbor Agreement strengthens Uniswap’s security by establishing a legal framework for white-hat hackers to identify and report vulnerabilities before malicious actors can exploit them. The proposed 10% bounty (capped at $2.25M) creates substantial incentives for whitehats, while still being an amount that the UNI treasury can pay out. This proactive approach prioritizes protecting user funds through early vulnerability detection, ensuring whitehats will constantly be monitoring Uniswaps security for potential exploits.
[TEMP CHECK] Scale Uniswap Liquidity on Celo
Vote: YES
Rational: The Celo ecosystem heavily emphasizes stablecoins, with Mento—an algorithmic stablecoin platform—having $82M TVL (71.6% dominance). cUSDC has a market cap of $35.6M, while cEUR has a market cap of $6.3M. However, these stablecoins show relatively low secondary market liquidity, as demonstrated in the following figure. The pools remain capital efficient, with USDT/cUSD having > 1 Volume/TVL ratio.
Uniswaps deployment on Celo has been successful, with the top 10 pools generating $2.7M in annualized revenue for LP holders. With Celo offering $500K in matching funds, moving forward with this initiative makes sense.
[TEMP CHECK] Metal L2: Bridging TradFi and DeFi Through Uniswap V3
Vote: No
Reasoning: We have voted against the deployment of $250k UNI incentives on Metal L2. According to L2Beat, the total TVL on the chain is only $266k. Additionally, on Velodrome—which launched with 1,020,000 MTL voting incentives (double Uniswap’s proposed 500,000)—the pools show extremely low trading volume and TVL.
Discretionary Budget from UAC for Co-Incentive Campaigns
Vote: Yes
Reasoning: Given the rise in UNI prices and the strategic value of these partnerships, allocating additional incentives toward successful campaigns is a logical decision.
Incentive Package for Sonic (Formerly Fantom)
Vote: Yes
Reasoning: We vote in favor of this proposal. We believe Sonic will develop a strong DeFi ecosystem, and allocating $250k in incentives is appropriate given Sonic’s $500k commitment.