Table of Contents
As of this November, the UAGP is officially 1 year old!
Entering the 12th month of operations, the UAGP is focused purely on supporting our current group of grantees through the completion of their grants. One grant has been completed since the last reporting period, with Revert launching their Lend product after a UAGP grant helped fund their audit. In total, there are 6 grantees working towards completing their final milestones, with 6 having successfully completed their grants throughout the course of the UAGP.
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.
Reporting date: November 5th, 2024
Treasury Overview 💰
| Current Treasury (USDC)* | Current Treasury (ARB) |
|---|---|
| 975,001 | 86,241 |
*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.
Grants Overview 🤝