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:

Proposing new incentive programs, including a potential exploration into Protocol Owned Liquidity and other forms of growth beyond mere incentives
Administering an operational framework for the Uniswap DAO to best sustain efficiency with ever increasing programs and working groups
Continuing our role as an escrow service for DAO-funded programs
Polishing our accounting and record-keeping to improve reporting
Exploring and implementing growth programs related to Uni v4

To accommodate this expanded focus, we propose the following next steps to operationalize the committee going forward:

Add an additional member (going from 4 to 5 members) to increase work capacity and multisig security
Increase the maximum hours per member from 10 hours/month to 30 hours/month
Institute a staggered election system to retain three current members on the committee–this helps retain momentum and continuity with existing projects. We believe a degree of stickiness with the UAC team is important since conducting the noted operations requires subject matter expertise and familiarity with the DAO.
- Going forward, the UAC will internally hold a vote to decide which of the ⅖ members will be up for reelection–that is, if two members don’t resign by default
- For this election, @0xpibblez has stepped down, so there are automatically 2 available seats for the Season 3 election
Approve the $32.6k of wages payable to accommodate for Season 2 overtime
Fund the committee with an additional $210,000 of $UNI for payroll through March 2025 (this assumes that all 5 members spend 30 hours per month for all 7 months, given the $200/hour rate)

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.

start

September 10, 2024

3:25 PM

end

September 15, 2024

3:25 PM

Voting

off-chain

Voting type

single-choice

Voters

186

Votes

29,409,969

Final Votes

closed

Renew UAC

29.4M UNI

100%

Do Not Renew UAC

436.1 UNI

Abstain

1.2 UNI

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%