Authors: Uniswap Accountability Committee (UAC)
As per delegates’ request, we are publishing this forum thread as a way to disclose the status of any discretionary spending from the UAC budget. For context, the DAO voted to grant discretionary capabilities to the UAC for allocating capital towards high-impact initiatives. This budget provides the UAC with the necessary flexibility during extenuating and time-sensitive initiatives, as the customary budget requests require a 4-week or longer governance process, and time-limited or holiday-aligned deals may fall through.
This thread will be updated at the start of every month, reporting the expenditure—or lack thereof—from the previous month. Each update will include:
The discretionary budget was instituted in December 2024.
Authors: Uniswap Accountability Committee (UAC)
As per delegates’ request, we are publishing this forum thread as a way to disclose the status of any discretionary spending from the UAC budget. For context, the DAO voted to grant discretionary capabilities to the UAC for allocating capital towards high-impact initiatives. This budget provides the UAC with the necessary flexibility during extenuating and time-sensitive initiatives, as the customary budget requests require a 4-week or longer governance process, and time-limited or holiday-aligned deals may fall through.
This thread will be updated at the start of every month, reporting the expenditure—or lack thereof—from the previous month. Each update will include:
The discretionary budget was instituted in December 2024.
None of the discretionary budget was utilized during the month of September, but the UAC has indicated its intent to eventually allocate $250k UNI from this budget for Plasma incentives. Once the allocation materializes, we will adjust the associated accounts and provide an update in this thread. The Plasma allocation was voted by all 5 of the UAC members as prudent. The full proposal is viewable here.
None of the discretionary budget was utilized during the month of September, but the UAC has indicated its intent to eventually allocate $250k UNI from this budget for Plasma incentives. Once the allocation materializes, we will adjust the associated accounts and provide an update in this thread. The Plasma allocation was voted by all 5 of the UAC members as prudent. The full proposal is viewable here.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.50, this Account is at a surplus of $1,166,201, bringing the total current adjusted balance to $2,056,201.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of September 30th is $721,201. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
At the end of February, the UAC closed out the Incentive Package Budget account, along with all other accounts. By extension, the discretionary budget is no longer active. This decision stems from a general reorganization of some of the UAC’s historical mandates, namely, the operational responsibility for disbursing incentives across various chains. Due to emergent tax and legal complexities post-DUNI adoption, the UAC, in its subsequent seasons, does not intend to act as the entity responsible for disbursing cross-chain incentives—at least not in the manner that has been conducted historically.
At the end of February, the UAC closed out the Incentive Package Budget account, along with all other accounts. By extension, the discretionary budget is no longer active. This decision stems from a general reorganization of some of the UAC’s historical mandates, namely, the operational responsibility for disbursing incentives across various chains. Due to emergent tax and legal complexities post-DUNI adoption, the UAC, in its subsequent seasons, does not intend to act as the entity responsible for disbursing cross-chain incentives—at least not in the manner that has been conducted historically.
The remaining account balance at the end of Feb amounted to 285,471 UNI, or $1,141,883 (@ UNI = $4). This capital was fully returned to the DUNI’s multisig, operated by the Ministerial Agent and Administrator. The UAC operations and incentive multisigs therefore hold zero UNI at the moment.
None of the discretionary budget was utilized during the month of August.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.41, this Account is at a surplus of $1,689,847, making the total current adjusted balance $2,579,847.
None of the discretionary budget was utilized during the month of January. A single outflow of 37,500 UNI was completed to facilitate payment for Oku from Proposal 92.
Below is the status of the Incentive Package Budget Account at month close.
None of the discretionary budget was utilized during the month of October.
None of the discretionary budget was utilized during the month of October.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.75, this Account is at a surplus of $768,046, bringing the total current adjusted balance to $1,658,046.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of October 31st is $323,046. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of December.
Below is the status of the Incentive Package Budget Account at month close.
None of the discretionary budget was utilized during the month of December.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $1.07M, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.65, this Account is at a surplus of $754,785, bringing the total current adjusted balance to $1,824,785.
As it currently stands, 1.5× the current balance equates to $1,605,000. Therefore, the discretionary budget as of December 31st is $219,785. If the dollar value of the UNI in this account falls below $1,605,000, the discretionary budget cannot be utilized.
The total balance in December increased by 34,615 UNI ($180,000) for disbursing the Oku maintenance payments for Gnosis, Mantle, and Linea.
None of the discretionary budget was utilized during the month of September, but the UAC has indicated its intent to eventually allocate $250k UNI from this budget for Plasma incentives. Once the allocation materializes, we will adjust the associated accounts and provide an update in this thread. The Plasma allocation was voted by all 5 of the UAC members as prudent. The full proposal is viewable here.
None of the discretionary budget was utilized during the month of September, but the UAC has indicated its intent to eventually allocate $250k UNI from this budget for Plasma incentives. Once the allocation materializes, we will adjust the associated accounts and provide an update in this thread. The Plasma allocation was voted by all 5 of the UAC members as prudent. The full proposal is viewable here.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.50, this Account is at a surplus of $1,166,201, bringing the total current adjusted balance to $2,056,201.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of September 30th is $721,201. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
At the end of February, the UAC closed out the Incentive Package Budget account, along with all other accounts. By extension, the discretionary budget is no longer active. This decision stems from a general reorganization of some of the UAC’s historical mandates, namely, the operational responsibility for disbursing incentives across various chains. Due to emergent tax and legal complexities post-DUNI adoption, the UAC, in its subsequent seasons, does not intend to act as the entity responsible for disbursing cross-chain incentives—at least not in the manner that has been conducted historically.
At the end of February, the UAC closed out the Incentive Package Budget account, along with all other accounts. By extension, the discretionary budget is no longer active. This decision stems from a general reorganization of some of the UAC’s historical mandates, namely, the operational responsibility for disbursing incentives across various chains. Due to emergent tax and legal complexities post-DUNI adoption, the UAC, in its subsequent seasons, does not intend to act as the entity responsible for disbursing cross-chain incentives—at least not in the manner that has been conducted historically.
The remaining account balance at the end of Feb amounted to 285,471 UNI, or $1,141,883 (@ UNI = $4). This capital was fully returned to the DUNI’s multisig, operated by the Ministerial Agent and Administrator. The UAC operations and incentive multisigs therefore hold zero UNI at the moment.
None of the discretionary budget was utilized during the month of August.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.41, this Account is at a surplus of $1,689,847, making the total current adjusted balance $2,579,847.
None of the discretionary budget was utilized during the month of January. A single outflow of 37,500 UNI was completed to facilitate payment for Oku from Proposal 92.
Below is the status of the Incentive Package Budget Account at month close.
None of the discretionary budget was utilized during the month of October.
None of the discretionary budget was utilized during the month of October.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.75, this Account is at a surplus of $768,046, bringing the total current adjusted balance to $1,658,046.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of October 31st is $323,046. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of December.
Below is the status of the Incentive Package Budget Account at month close.
None of the discretionary budget was utilized during the month of December.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $1.07M, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.65, this Account is at a surplus of $754,785, bringing the total current adjusted balance to $1,824,785.
As it currently stands, 1.5× the current balance equates to $1,605,000. Therefore, the discretionary budget as of December 31st is $219,785. If the dollar value of the UNI in this account falls below $1,605,000, the discretionary budget cannot be utilized.
The total balance in December increased by 34,615 UNI ($180,000) for disbursing the Oku maintenance payments for Gnosis, Mantle, and Linea.
None of the discretionary budget was utilized during the month of August.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.41, this Account is at a surplus of $1,689,847, making the total current adjusted balance $2,579,847.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of August 31st is $1,244,847. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of January. A single outflow of 37,500 UNI was completed to facilitate payment for Oku from Proposal 92.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $3.95, this Account is at a surplus of $237,609, bringing the total current adjusted balance to $1,127,609.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of January 31st is $0, as the dollar value of the UNI held in this account is below the required threshold. Until the account exceeds $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of June.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.13, this Account is at a surplus of $1,064,762, making the total current adjusted balance $1,954,762.
None of the discretionary budget was utilized during the month of June.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.13, this Account is at a surplus of $1,064,762, making the total current adjusted balance $1,954,762.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of June 30th is $619,762. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of November.
None of the discretionary budget was utilized during the month of November.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.66, this Account is at a surplus of $742,094, bringing the total current adjusted balance to $1,632,094.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of November 30th is $297,094. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of July.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.06, this Account is at a surplus of $1,593,891, making the total current adjusted balance $2,483,891.
None of the discretionary budget was utilized during the month of August.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.41, this Account is at a surplus of $1,689,847, making the total current adjusted balance $2,579,847.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of August 31st is $1,244,847. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of January. A single outflow of 37,500 UNI was completed to facilitate payment for Oku from Proposal 92.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $3.95, this Account is at a surplus of $237,609, bringing the total current adjusted balance to $1,127,609.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of January 31st is $0, as the dollar value of the UNI held in this account is below the required threshold. Until the account exceeds $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of June.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.13, this Account is at a surplus of $1,064,762, making the total current adjusted balance $1,954,762.
None of the discretionary budget was utilized during the month of June.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $7.13, this Account is at a surplus of $1,064,762, making the total current adjusted balance $1,954,762.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of June 30th is $619,762. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of November.
None of the discretionary budget was utilized during the month of November.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which represents the total amount of yet-to-be-allocated incentives. Based on a UNI price of $5.66, this Account is at a surplus of $742,094, bringing the total current adjusted balance to $1,632,094.
As it currently stands, 1.5× the current balance equates to $1,335,000. Therefore, the discretionary budget as of November 30th is $297,094. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of July.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.06, this Account is at a surplus of $1,593,891, making the total current adjusted balance $2,483,891.
None of the discretionary budget was utilized during the month of July.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.06, this Account is at a surplus of $1,593,891, making the total current adjusted balance $2,483,891.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of July 31st is $1,148,891. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
None of the discretionary budget was utilized during the month of July.
Below is the status of the Incentive Package Budget Account at month close.
The current balance stands at $890k, which is the total amount of yet-to-be-allocated incentives. Based on a UNI price of $9.06, this Account is at a surplus of $1,593,891, making the total current adjusted balance $2,483,891.
As it currently stands, 1.5x the current balance equates to $1,335,000. Therefore, the discretionary budget as of July 31st is $1,148,891. If the dollar value of the UNI in this account falls below $1,335,000, the discretionary budget cannot be utilized.
