Mission
The UNI/ARB Grant Program (UAGP) aims to:
- Fund High-Impact Projects: The program allocates grants specifically to projects that demonstrate the potential for substantial positive impact on the Uniswap and Arbitrum ecosystems.
- Strengthen the Uniswap and Arbitrum Ecosystems: The UNI/ARB Grant Program (UAGP) aims to strengthen the ties and facilitate exchange between the Uniswap and Arbitrum ecosystems.
- Ensure Transparency and Community Input: The program mandates regular progress reports and seeks community feedback to influence the direction of funded projects.
Project Allocation & Support
UAGP team approach to grant allocation focuses on achieving high impact, which we believe comes from bigger, more substantial projects:
- Focus on $50-250k High-Impact Projects: Our grant allocation strategy prioritizes projects with the potential for significant impact. We concentrate our financial support in the $50,000 to $250,000 ARB range; thereby, project funding requirements will be denominated in USD to mitigate the risk of ARB volatility for builders and guarantee secure financial planning.
- Providing Non-financial Support: Offer more than just funding by assisting selected projects with selective strategic guidance, and other key areas that contribute to long-term success.
- Discord Support Channel: We aim to establish a dedicated Discord channel for project to project exchange and bi-monthly office hours for direct support interactions.
Budget (6 months)
| Category |
Amount ($ARB) |
| Expected Grants to Award |
924,000 |
| Grants Total Budgeted Cost |
924,000 |
| Max Compensation |
156,000 |
| Budget for tooling, subscriptions, and misc |
20,000 |
| Operations Max Budgeted Cost |
176,000 |
| Total UAGP Budget |
1,100,000 |
Due Diligence
Our due diligence process aims to be a robust evaluation system that combines the rigor of early-stage investing with strategic alignment to Uniswap’s goals. After the initial screening, we will focus on the following elements:
- Team Assessment: We evaluate the project’s team, considering qualifications, experience, and track record to gauge their ability to execute their vision effectively.
- Impact Assessment: We evaluate the potential impact of the project on the Uniswap and Arbitrum ecosystems, ensuring alignment with our grant program’s values. Here we consider the technological potential of the project, as well as its potential application areas.
- Risk Assessment: We identify and assess various risks, including market, technology, and execution risks, to gauge the project’s risk mitigation strategies effectively.
Following the evaluation using the aforementioned dimensions, projects proceed through the subsequent internal governance procedure:
- Final Approval by Reviewer Committee: The committee uses a form to give a ‘yes’ or ‘no’ to each grant application, requesting references as part of the assessment.
- Strategic Funding Focus: Our grants are aimed at projects that have a substantive impact on the protocol’s growth and effectiveness (vs. wide range of small grants).
- Ask for continuous feedback from UF: To prevent breaking points in communication and objectives, we aim to get continuous feedback on our funding decisions from the Uniswap Foundation.