Create a UNI-ARB Grant Program (UAGP) and Protocol Delegate Program
Thanks to everyone who has taken the time to read and help iterate our proposal for the UNI-ARB Grant Program (UAGP) and Protocol Delegate Program! Talking with you all has made us even more excited about how the Uniswap DAO can strengthen both the Uniswap / Arbitrum ecosystems.
As outlined in the temperature check, the proposal suggests the creation of the UAGP and Protocol Delegate Program, utilizing a significant allocation of 2.2m $ARB tokens to enhance the Uniswap ecosystem on the Arbitrum Protocol.
After an 8-week research sprint and iterations with delegates in our capacity as Working Group Zero (WG0), we've fine-tuned the structure for both the UAGP and Protocol Delegate Program.
Now it is time to vote on the funding of both of these programs with parts of the received $ARB airdrop. Following a successful onchain proposal, WG0 will lead a nomination and election process to fill the UAGP and Protocol Delegate Program with more members. As initiators of the programs, we have an ambition to be part of the mentioned programs and would feel privileged to help drive these forward.
Working Group Zero (WG0) members:
- web3 Studios (Crypto-native advisory) @bernard
- Alastor (Crypto-native advisory) @Stastny
- Doo Wan Nam (StableLab, Uniswap Deployment Accountability Committee) @Doo_Stablelab
- Jun Sun (Uniswap Deployment Accountability Committee, Delegate) @Juanbug
Helpful links for context: Temp Check, Snapshot vote, RFC, UAGP Research, Delegate Program Research
Background
The ARB airdrop provides the Uniswap community with an opportunity to enhance its presence within the Arbitrum ecosystem, thus nurturing growth.
The UNI-ARB Working Group Zero aims to unify various governance initiatives into a single, coherent system. This helps us align with Uniswap's vision and positions us to take advantage of future allocation opportunities.
Therefore, we proposed the establishment of a Working Group 0 that had the task to structure the UNI-ARB Grant Program and Protocol Delegate Program and get to an on-chain vote:
- Grant Program: 1.1 million (25% of the total airdrop) ARB tokens for UNI-ARB Grants - Supporting growth and development of projects exclusively within the Uniswap-Arbitrum ecosystem, with a focus on long-term benefits.
- Protocol Delegate Program: 1.1 million (25% of the total airdrop) ARB tokens for Governance - Empowering the committee to actively participate in Arbitrum governance and influence strategic decisions.
1. UNI/ARB Grant Program (UAGP)
After an extensive 8-week research phase with the WG0–researching leading Grant Programs, expert interviews, and iterations with Uni delegates–we're excited to introduce a best-in-class Grant Program designed to become a pacesetter for future Uniswap grant initiatives. Â
Summary
- This proposal outlines a framework for funding Uniswap and Arbitrum ecosystem development with grants from the Arbitrum Airdrop.
- Concentrating on fewer but more impactful initiatives, the committee will focus on grants from 50 - 250k $ ARB (vs. a large number of grants to smaller projects) and administer a budget capped at $1 million ARB for the initial 6 months.
- To manage the manual nature of grants administration, we propose a *committee of 5 members — one operating lead and five reviewers (incl. operating lead) — to efficiently allocate funds without necessitating community votes on each application.
- Monthly reports will update the community on decisions taken and each funded project's status.
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.
Grant Program Design & Approach
Setting up a best-in-class Grant Program is a multifaceted task. We broke it down into its key components, aligned with a grantee's journey, to effectively solve the typical challenges of grant programs.
With our WG0, we took 8 weeks to do research on the leading Grant programs from other protocols (UGP, Aave, Metamask, Synthetix), conduct expert interviews with Grant Program leads from multiple ecosystems, and iteration sessions with 8 larger Uni delegates (voting power of ≥2.5M UNI).
Find detailed research here: UAGP Research
Exec view
- $1 million ARB allocated across impactful grants, with allocation sizes between $50-250k per project.
- 5-member committee responsible for selection and oversight, led by an operating lead.
- A transparent nomination and election process for additional committee members, emphasizing a blend of technical and investment expertise.
- Our objective is to distribute the grant funds within the initial 6-month period.
- We aim for close alignment with Uniswap Foundation to receive continuous feedback on priorities while generally operating independently to avoid overlaps..
Key Pillars
(A) Grant Program Objectives and Criteria
Objectives
For an extensive description of our objectives, please refer to the mission statement above. The program focuses on three key areas:
- Fund High-Impact Projects
- Strengthen the Uniswap and Arbitrum Ecosystems
- Ensure Transparency and Community Input
RFP-based Program vs. Open
Rather than solely relying on inbound applications for grant distribution, we decided for an RFP-based approach to align with high-impact themes that we defined and got feedback on by a range of delegates, the Uniswap Foundation, and active community members.
To gather these ideas, we carefully selected an initial list of RFPs for funding, with a priority on projects offering the highest potential value for Uniswap. These initial themes are designed to remain adaptable, allowing for continuous adjustments to meet the evolving needs of the ecosystem. This process merged what we identified as valuable contributions within Working Group 0 with valuable guidance and feedback from both delegates and UF.
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Liquidity Management and Derivative Protocols:
The development of derivative and liquidity management protocols interacting with Uniswap can pave the way for more sophisticated instruments and strategies on Arbitrum, seeing new increases in transaction volumes and TVL.
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Arbitrum testnet with EIP-1153 enabled:
Currently, developers aiming to test Uniswap v4 face a cumbersome and convoluted procedure. This process, which needs to be executed locally, is far from straightforward. The lack of a streamlined approach poses challenges and inefficiencies for these developers. There's a pressing need for a more intuitive and efficient testing environment or system to simplify this procedure for Uniswap v4.
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Uniswap v4 Infrastructure Dev Tools:
The intricacies of Uniswap v4 are difficult for present-day development tools to manage, often resulting in less-than-smooth implementations.
From this perspective, it underscores the necessity for a new or improved toolset that specifically adds value to the Uniswap-Arbitrum ecosystem. To prevent overlap with UF in the context of this particular RFC, which focuses on general Uniswap v4 development, we will closely coordinate our inbound with UF.
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Uniswap on Arbitrum Ecosystem tools or products:
Tools or products for the ecosystem that aim to strengthen the protocol, elevate user engagement, and capture attention from new users and outside parties. This category is kept broad intentionally to allow for a broad range of contributions and targeting and tech tool or product fulfilling the aforementioned target.
-
Open Contribution:
A variety of initiatives and applications, not necessarily aligning with the previous four categories, are welcomed by the Grant Program. This flexibility allows for the embrace of a wide range of contributions from our community, promoting growth and innovation within the Uniswap-Arbitrum ecosystem.
(B) Application Process
To efficiently handle the anticipated surge in applications, we've implemented a streamlined process that initially screens applications using RFPs and team requirements. These applications will be submitted through Airtable and published in Notion. Following this, we will manually review all projects to identify those warranting further due diligence in a structured process:
- Initial Screening & RFP/Open Submission: Applicants complete an online form, choosing to either address a specific Request for Proposals (RFP) or opt for an open submission. This step serves as our first layer of manual screening.
- In-Depth Review & Feedback: Projects that pass the initial screening will undergo a review DD by our committee, including interviews and constructive feedback. This process is conducted on a rolling basis, ensuring ongoing evaluation and an even distribution of workload throughout the entire term.
- Award & Monitoring: Once approved, projects receive funding and kick off their work, with periodic check-ins and a concluding evaluation to measure impact and success.
( C) 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.
(D) Selection Process & Reporting
Transparency and continuous dialogue form the backbone of our selection and reporting process, ensuring that each grantee remains aligned with program expectations.
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Monthly Reports: We will provide monthly updates on our selections and updates on funded projects. These updates will include general project trajectory and progress toward milestones. To create the reports we will set regular monthly check-in dates where grantees fill a template/slide in order to give the key info about the project’s status, such as:
- Summary of Achievements for the Month
- Funds Utilized
- Milestones Reached
- Challenges Faced
- Upcoming Goals
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Output Metrics: With the initial priorities in mind, some effective measures for meaningful output will look as follows:
- Number of Grants Distributed: Number of grants that were awarded during a defined time period (3m, 6m).
- Total Funds Allocated: Cumulative sum of funds distributed over a particular time frame, showcasing the program's financial impact.
- Milestone Completion Rate: Calculated as the number of successfully achieved project milestones divided by the total number of milestones, multiplied by 100, to evaluate the effectiveness of grant-supported initiatives.
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Outcome Metrics: Depending on the final portfolio of funded projects, we will gauge the success rate of grantees through specific outcome metrics. While these metrics can be influenced by a wide range of external factors, such as market conditions and individual decisions on project level, we are committed to supporting and funding the most promising projects to the best of our ability. Metrics include:
- Community Satisfaction Score: An average score ranging from 1 to 10, gathered from community feedback surveys.
- Protocol Integrations: The number of blockchain protocols or projects that successfully integrate with Uniswap on Arbitrum as a result of the grants program.
- Usage of Tools funded: Measuring the adoption and usage of tools and infrastructure funded by the grants program. This could include metrics such as the number of developers using these tools or the volume of transactions processed through them.
- Net New Liquidity Providers (LPs): Tracking the increase in the number of liquidity providers within the Uniswap on Arbitrum ecosystem. This metric reflects the program's impact on attracting new participants to contribute liquidity.
(E) Project Allocation & Support
Our 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.
- 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.
(F) Team Set-up
Our committee aims to create an efficient and predictable grant application and decision process.
- 5 committee members: 1 operational lead and 5 reviewers (incl. ops lead)
- Terms and Renewal: Committee members serve for 6-month terms, requiring a renewal process overseen by UNI governance.
- Nomination and Election Process: When this proposal has passed, the 2 week nomination and election process for the remaining members will be kicked off.Â
The Grant Program’s initial team will be made up of the following individuals:
- Operational Lead - @bernard (web3 Studios - Crypto-native advisory)
Experience: Ex-McKinsey Consultant and Founder of w3s. Leading Strategy Work and Supporting Governance for Gro DAO, Strategy Support for Zerion, conducted analytical and research work together with leading web3 firms such as Polygon, The Sandbox, and DappRadar.Â
- Grant Reviewer - @Doo_Stablelab **- Doo Wan Nam (COO at StableLab, Uniswap Deployment Accountability Committee)**Experience: Professional delegate at StableLab across major DeFi protocols, including MakerDAO, Optimism, Aave, 1inch, Balancer, Element, InstaDapp, Hop. Previously spent 3.5 years at the Maker Foundation. Participation in an Accountability Working Group that shipped Proposal Template 2.0 - Upgrade for Deployments & Agreements
Once this proposal is approved, the 2-week voting period will be initiated to fill the remaining 3 spots, where individuals interested in becoming reviewers can nominate themselves by responding to the Election Forum post (will be created separately).
(G) Governance
The UAGP governance aims for transparency, efficiency, and broad community involvement. It outlines mechanisms to ensure fair and balanced decision-making for all stakeholders.
- Multi-sig: Committee functions as a 4 of 5 multi-sig
- Term Limits and Renewals: Each committee member serves a term of two quarters (6 months). At the end of each term, the effectiveness and impact of the UAGP will be reviewed by UNI governance.
- Grant Allocation: Proposals to allocate Grants can be initiated by any committee member and will be shared internally to vote on.Â
Budget and Compensation
1.1 million (25% of the total airdrop) $ARB tokens are requested for UNI-ARB Grants. While the vast majority of the funds will be allocated to grants, some operations costs need to be addressed.
After reviewing other best-known Grant Programs like Aave and the UGP, we decided to propose the following compensation package for core members:
- Operational Lead: 100 $ARB/hr, capped at 25 hrs/week
- Review committee: 100 $ARB/hr, capped at 10 hrs/week
Below, we put down a budget estimation for the next 6 months, considering 3 budget categories: grants itself, compensation and maintenance costs.
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 |
We recognize that workload varies across different phases of the cycle. For instance, the selection phase may require peak capacity, while other stages could be less demanding. As a result, we've estimated an average commitment of 25 hours per week for the operational lead and 10 hours per week for the review committee
Case studies:
To better articulate the scope and focus of the UAGP, we've incorporated case studies in response to feedback received from Uni delegates during our iterative process. These case studies aim to make our target projects more tangible and offer insights into what we mean by projects that strengthen the Uniswap-Arbitrum ecosystem.
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Li.Fi (Uni RFC link)
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Project description
- Advancement of MMA. The Multi-Messaging Aggregation is a bridge-agnostic solution designed for Uniswap to securely relay governance messages from Ethereum to other chains.
Instead of relying on a single bridge, MMA combines multiple selected bridges into a unified cross-chain framework. A governance message is sent from Ethereum to the destination chain via all these bridges and is deemed valid only if a quorum of these bridges relayed the same message;
- Three audits and a Code4arena audit contest done so far.
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Benefits for Uniswap
- Increased Safety: By having a spectrum of bridges verifying governance messages, MMA offers improved security guarantees for Uniswa's cross-chain governance use case;
- Liveness and Censorship Resistance: Redundancy through multiple bridges ensures the system remains live even if one bridge fails, thus improving liveness and censorship resistance;
- Flexibility and Extensibility: MMA facilitates the integration of new bridges and allows for the phasing out of outdated ones without causing disruptions. This ensures Uniswap can access the best bridges available and avoid vendor lock-in;
- Immutability and Trustlessness: MMA is designed to be fully immutable and operates completely on-chain, which means that once Uniswap's configuration is set, it cannot be altered.
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Scope
Planned timeline for use of funds is 12 months (including 6 months for a v2 release of this project).
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Flashstake (Uni RFC Iink)
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Project description
- Flashstake offers a unique mechanism where users receive immediate upfront returns on their investments. Leveraging a blend of interest rate swaps and a market dedicated to the time value of money, Flashstake ensures a consistent yield rate, disbursing the returns to the investor right at the outset;
- This protocol is currently live on Ethereum Mainnet, Arbitrum and Optimism;
- Flashtake received a grant from AAVE Grants DAO;
- Two audits and team’s commitment to release a bug bounty program soon.
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Benefits for Uniswap
- New functionality for LPs: current Uni V2-V3 LPs will be able to Flashstake to earn instant upfront yield;
- More TVL streamed: upon yield LPs incentives, there could be larger amounts of liquidity locked for extended periods of time;
- Migration from V2 to V3: Uniswap V2 tokens are supported, helping to migrate to Uniswap V3.
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Scope
Planned timeline for use of funds is 1 to 3 months.
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Hal.xyz (funded by AAVE Grant, successfully completed and acquired by Infura, link)
This is an example of a project that was beneficial to the Uniswap community as a tool, completing a building phase, accomplishing milestones, and delivering a product that is adopted by the industry.
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Project description
A platform that combs through blockchain entries, allowing users to craft alerts for activities such as trading, governance decisions, and tax compliance, all at an undefined cost. This tool can greatly refine user interactions and demystify the intricacies of working with blockchain.
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Benefits for Uniswap (link)
- Boost community engagement
Notify helps DAO, DeFi, and NFT projects build community engagement by delivering important updates to Uni users;
- Price, liquidity, or gas alerts
Configure alerts based on any blockchain activity that matters to your project and to your user's wallet. No code required;
- Get notified on any channel
Major channels supported including email, Telegram, Discord, Slack, Twitter, and customizable Webhooks
2. Protocol Delegate Program
In our effort to create a well-defined delegate program, we at took a systematic approach. Our initial step involved breaking down the Delegate Program into basic components to better understand its core ideas. Subsequently, we closely examined other successful Delegate Programs like Arbitrum, Optimism, Synthetix Ambassador Council, Rari, and Stader to identify effective strategies.
To gain deeper insights, we engaged with 6 experts in delegate programs. This allowed us to learn more and incorporate the best industry practices. This collaborative and iterative research led us to develop a robust UNI-ARB Delegate Program. Â
Summary
- Remaining ~1.1 million (25% of the total airdrop) ARB tokens is requested for Governance - Empowering the committee to actively participate in Arbitrum governance and influence strategic decisions.
- To ensure effective representation, a committee of 2 members will serve as dedicated representatives of the Uniswap community’s interests
- The success of the program will be evaluated based on how satisfied the community is, how much the delegates participate in decision-making, and if their choices match Uniswap's values.
Program Format
To secure adequate representation, a committee comprising 2 members is instituted to act as committed proponents of the Uniswap community's interests. This committee's sole responsibility is to advocate for Uniswap, guaranteeing unbiased decision-making. The primary aim is to actively participate in Arbitrum governance, enabling the Uniswap community to play a pivotal role in shaping the future of the ecosystem.
Delegate Program Design & Approach
As previously highlighted, a parallel methodology was employed to ascertain the optimal Program structure. Comprising five fundamental pillars, the primary framework encompasses the entirety of the core process. Find detailed research here Delegate Program Research
These pillars are represented on the following image:
(A) Objectives and Criteria
The Uni-Arb Delegate Working Group will transparently and accountability represent the Uniswap community’s interests in the Arbitrum DAO. Potential responsibilities will include:
- Participation in voting discussions
- Voting participation through multi-sig
- Attendance at bi-weekly community calls
(B) Delegates Application Process
The program holds elections on a semiannual basis. During this time, the community members who participate in Uniswap governance vote to select the delegates who will represent them for the next 6 months.
One of the WG0 members has been selected based on the criteria listed below, but we invite community members to nominate themselves below to fill the rest of the total multi-sig spots. Self-nomination will happen on this forum post, and the UF will host a Snapshot vote to determine these 2 members.
Prospective delegates submit various information about themselves based on the following criteria:
- Strong familiarity and prior experience with DAO governance structures and processes.
- A demonstrated understanding of both the Uniswap protocol and the Arbitrum protocol, showcasing a comprehensive grasp of the technical aspects.
- A commitment to being an engaged and participatory delegate, aligned with the declared availability and bandwidth to fulfil the responsibilities effectively.
- Eligibility requires not currently having any existing delegations within the Arbitrum ecosystem. This ensures a diverse range of perspectives and prevents the concentration of influence.
Once the proposal is approved and a specific nomination process post is created, members will be asked to make use of the official Delegate Statement Template to fill out the application and post their response on the forum.Â
Current committee (part of WG0)
- Jun Sun (Uniswap Deployment Accountability Committee, Delegate) @Juanbug Experience: On current Uniswap Deployment Accountability Committee, Led Penn Blockchain governance for 2 years, Delegate at Uniswap, Compound, Optimism, etc; Helped draft, steward, and submit various cross-chain deployment proposals, Co-authored a research paper Deep Diving into Uniswap’s Governance with recommendations on reinvigorating governance activity.
( C) Election/Voting Process
Once this proposal is approved, the 2-week voting period will be initiated, where individuals interested in becoming delegates can nominate themselves by following the application process outlined above.
- Community members then have the opportunity to select their preferred delegate through the Uniswap Governance platform.
- Upon successful selection, candidates are obligated to fulfil KYC requirements to proceed with their delegate responsibilities.
(D) Governance
- The commitment to Arbitrum governance spans six months.
- Full participation in voting discussions is a mandatory expectation for each participant.
- Maintaining 100% voting participation via multi-signature is a core requirement.
- The rationale behind the committee's voting decisions will be openly shared through communication threads for both Arbitrum and Uniswap delegates.
- Active engagement involves attendance at bi-weekly community calls, jointly organised by fellow Arbitrum delegates.
- Specific details outlining expectations will be communicated directly with committee members subsequent to the conclusion of the voting phase.
The UADP governance likewise aims for transparency, efficiency, and broad community involvement. It outlines mechanisms to ensure fair and balanced decision-making for all stakeholders.
- Multi-sig: Delegate Program functions as a 2 of 3 multi-sig. 2 of the signers will be the 2 delegates and the other will be the grants program operational lead. The operational lead will be there for operational and transition support, and the 2 delegates will be tasked with consistently submitting the votes.
- Term Limits and Renewals: Each committee member serves a term of two quarters (6 months) before being put up for reconsideration.
(E) Voting Record Reflection
When it comes to tracking how delegates vote, the current approach, used by different DAOs, involves looking at their voting history during specific times linked to their election cycle. This helps the community decide if they should be re-elected based on how they've voted. However, it can be tough to figure out if their voting really matches the program's main goals, especially when things aren't clear-cut.
To address this, the UNI-ARB Delegate Program will hold elections twice a year to check if delegates are doing what's expected of them regularly. This way, we can prevent problems and give the community chances to set new expectations over time. The evaluation will be based on how satisfied the community is, how much the delegates participate in making decisions, and if their choices match Uniswap's values.
Budget and Compensation
Like the UNI-ARB grants program, ~1.1 million (25% of the total airdrop) $ARB tokens are requested for the UNI-ARB Delegate program. Due to the nature of delegation technically, the remaining funds in the Arbitrum community wallet will be delegated in an all or nothing transaction. These funds will be delegated to the Delegate Program wallet and will stay in the community wallet; some operational costs will be addressed. Similar to the grant program, we have capped each delegate to a maximum of 10 hrs/week for a 6 month maximum total of $48k, which translates to just under ~50k $ARB. In reality, the final amount should be less. A small portion will also be earmarked as a reserve fund in case legal and similar expenses arise. Please note that until ARB is used as an expense, our goal is to have all of the ARB be self-delegated.
Budget (6 months)
Below, we put down a similar “budget” estimation for the next 6 months.
|
|
| Category |
Amount (ARB) |
| ARB left in community wallet for self-delegation (~1 million) |
0 |
| Max Compensation (Will be self-delegated whilst sitting idle) |
50,000 |
| Reserve: Legal expenses if applicable, gas reimbursements, delegation smart contract, etc. (Will be self-delegated whilst sitting idle) |
50,000 |
| Total UADP Budget |
100,000 |
End of WG0 Phase 1 and compensation
As previously agreed upon in the Snapshot vote, our Working Group Zero (WG0) will receive a compensation of $20,000 ARB for their efforts over the last 8-week sprint that will be split equally by its 4 members. This amount will be subtracted from the program's overall budget and will serve as the compensation for the four WG0 members.
Conclusion
Thanks to invaluable delegate feedback, our program is aligned to fund projects that strengthen the Uniswap-Arbitrum ecosystem.Â
Upon successful approval of this proposal, UAGP and the Protocol Delegate Program will initiate a 2-week nomination and election process.
We're excited to kick this off and sincerely believe that, with the involvement of our delegates, we can set a precedent for streamlined, effective grant programs that make a significant difference.
Next Steps
- Upon approval of the on-chain vote, funds will be transferred to a multi-sig wallet, co-managed by the named parties and Erin from the UF, to cover contributor compensation.
- The fund allocation is 2.2 million $ARB, equally divided between Protocol Delegates and the Grants Program Sub-Working Groups.
- A sum of 20,000 ARB will be reserved for compensating the 8-week time commitment of the WG0 members.
- Two separate elections will launch after the vote to populate contributor roles in both the Protocol Delegates and Grants Program.
- The terms for each subgroup will kick off upon election conclusion.
