At some level, inaction is still an experiment in it’s own. A stagnant treasury may or may not do something, but we just don’t know yet! The silver lining here is that this proposal is a commitment to attempt to empower the larger community, but if it’s not productive, the funds are returned!
+100 on this! The goal is to make sure we can grow and empower the community sustainably. It won’t be revolutionary overnight, but will require more mindful prioritization to identify what’s impactful for Uniswap and its participants.
Consequently, one huge update, Ashleigh Schap has agreed to join the allocation committee as our fifth member! With the committee now filled, we’ve identified some more clarifications on what is necessary for setting up the program and have created an autonomous proposal contract to formally propose UGP. Updates as follows:
- At the time of writing the contract, the price of UNI was $3, and thus if passed, the treasury will allocate 519,500 UNI. Just to call this out explicitly, all amounts from the proposal are caps to which we will not exceed and any excess UNI remaining at the end of the epoch will be returned to treasury.
- Based on some preliminary gut checks, we want to budget 10% of the UNI allocation for administrative, setup, and legal fees to ensure that this first iteration can establish best practices which will be completely open for anyone else to adopt.
- 450,000 UNI for UGP allocations
- 50,000 UNI for setup budget
- 19,500 for compensation
To support the proposal going up for quorum, please delegate your votes to the APC address at 0x76f54Eeb0D33a2A2c5CCb72FE12542A56f35d67C!