Table of Contents

1. 🛠️ State of the UAGP

Since our last reporting period, the Uniswap-Arbitrum Grant Program (UAGP) has had numerous exciting updates. Following our first cohort, we announced the induction of our second cohort of 5 new UAGP grantees early in April. Since then, the program has accepted 2 more projects into the program for a total of 11 UAGP grantees. The total amount of funding transferred for this reporting period was 156k USDC with 1.06m USDC total marked for further milestone pay-outs.

Due to positive price action and operational hedging, the UAGP was able to secure extended runway and enable the funding of more grantees. This has allowed the UAGP to extend it’s full operation through an additional 3 months and continue with a low-burning set-up purely focused on reporting after that. Read more about the program extension here.

2. 📸 Program Snapshot

📑 Applications

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 120+ applications from a widely diverse group of projects. The following describes the breakdown of application focus by each RFP category. It should be noted that for the second consecutive reporting period, the UAGP have received 0 applications under RFP 2: Arbitrum Testnet with EIP-1153 Enabled.

Here you can find further information on our RFP’s:

Request for Proposals (RFPs) (1)

💰 Financial

Reporting date: May 7th, 2024

Treasury Overview 💰

*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.