This vote combines the snapshot budget approval for the Uniswap Accountability Renewal (UAC) Season 3, Approved Budget Rebalance, and extra 16th delegate cycle 2 spot for Argonaut and Tane.
UAC S3: 37,038 UNI ($242,600 @ $6.55/UNI)
Budget Rebalance: 42,060 UNI
Adding 16th Delegate Rewards Spot: 5,496 UNI ($36,000 @ $6.55/UNI)
Total: 84,594 UNI will be sent to the UAC wallet at this address: 0x3B59C6d0034490093460787566dc5D6cE17F2f9C
UAC Renewal S3
For the full proposal, please see this forum post.
The UAC has ramped up contributions in its current iteration, demanding more hours from members than in the past. Collectively, with our new much expanded scope, we have contributed more than originally expected, which was the limited 10 hours/month per member. In total over 6.5 months, committee members have worked 359 hours, 99 hours more than the expected 260 hours for this time frame. Note that the extra hours have not been paid out. Today, the scope of the UAC can broadly relate to DAO operations, program oversight, and protocol growth–the specifics of these categories will continue to evolve to meet the needs of the DAO.
Going forward, we propose a few key areas of focus for the committee:
To accommodate this expanded focus, we propose the following next steps to operationalize the committee going forward:
Note: The UAGP is funding legal research into an entity structure that would be suitable for the UAC. This would, among other aspects, allow the committee to sign incentive matching agreements with protocols to which Uniswap is being deployed. The introduction of a legal entity may change the dynamic of the UAC and its election setup as well.
For the full proposal, please see this forum post.
Fluctuations in the UNI token price means that the accounts for various programs become unbalanced–sometimes at a surplus and other times at a deficit. Since programs are almost always budgeted in terms of dollars, we are looking to top up those balances to ensure liabilities around sustaining elected DAO programs are covered. This temperature check associated with rebalancing is being run separately from the UAC Season 3 renewal vote–the vote will request 42,060 UNI.
Further details on the request and breakdown of budgets can be found at the forum linked above.
Upon conclusion of the cycle 2 for delegate rewards, two candidates were incredibly close for the last 15th spot. More information and rational can be found on this forum post regarding specifics of the tiebreaker.
The snapshot link is here.
The UAC has done a great work overseeing key parts of the DAO's operations
https://gov.uniswap.org/t/uniswap-accountability-committee-uac-season-2-report/24492/10
The Event Horizon Community Voted to Support this Proposal ehUNI-34: EventHorizon.vote/vote/uniswap/ehUNI-34
S3 renewal ensures continued growth, fair compensation for extra work, and proper fund allocation, all vital for Uniswap's ongoing success.
I voted in favor of this proposal, especially supporting the increase of the management team from 4 to 5 members. This shows that Uniswap DAO is growing and needs more hands on deck to handle its expansion. As a new member and participated in the previous Delegate Incentive Program, I’m really excited about what’s coming next (next program, next proposal,...) and by passing this proposal will help strengthen our current setup and set the stage for more DIP programs in the future.