Table of Contents

1. 🛠️ State of the UAGP

This is the final full two-month reporting update for the UAGP, with operations to track, report, and payout milestones coming to a close at the end of January. Over this period, progress has been made by grantees as they approach their remaining milestones.

Of the twelve projects originally accepted into the program, six initiatives remain actively reporting updates as they work towards completion. While no new grantees fully completed their grant obligations during this cycle, broader crypto market tailwinds since November have helped some initiatives achieve volume-based milestones. As of time of writing, twelve milestones remain outstanding, with three initiatives—Angle, Slash, and Oku—each needing to complete just one final milestone.

With the conclusion of UAGP operations at the end of January, these updates highlight both the progress achieved over the past two months, with a final reporting update to come at the end of January.

📸 Program Snapshot

📑 Applications

As mentioned, new applications closed at the end of July and in total the program received over 140 applications from a widely diverse group of projects. The following describes the final breakdown of application focus by each RFP category from the UAGP. It should be noted that throughout operations, the UAGP received 0 applications under RFP 2: Arbitrum Testnet with EIP-1153 Enabled, which should be used to inform future grant program RFP design.

💰 Financial

Reporting date: January 9th, 2025

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. Figures adjusted since last reporting period.