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The Uniswap-Arbitrum Grant Program (UAGP) is entering its fourth month of operations as of early March. With our first cohort being announced in early February, this week we are happy to share our first round of reporting updates from projects in the UAGP. The total amount of funding transferred for this reporting period was 102k USDC with 586k USDC total marked 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.
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.
Here you can find further information on our RFP’s:
Reporting date: March 13th, 2024
Treasury Overview 💰
| Current Treasury (USDC)* | Current Treasury (ARB) |
|---|---|
| 1,474,100 | 161,590 |
*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.