Temp Check Snapshot here
Last Wednesday we posted in the forum to complete the initial funding of the UF. Since then we’ve been having really great, thorough discussions with delegates -- hearing your comments, answering questions, and receiving feedback.
Based on that feedback, we are making a few changes to our proposal. These are covered in the bullets below, and updated throughout our proposal.
Uniswap is critical infrastructure for a self-sovereign Internet, providing the liquidity layer for a flourishing world of tokens representing governance participation, community membership, the ability to participate in protocols, “real world” assets and more. It is critical financial infrastructure - providing a permissionless, credibly neutral alternative to the NYSE or SWIFT. It is an enabler of entrepreneurship, providing a liquidity platform for builders creating protocols and applications around the world.
We founded the Uniswap Foundation because we want to ensure that Uniswap is accessible for anyone in the world to leverage as permissionless financial and technological infrastructure for a long time.
How do we make that happen? A robust, diverse, and values-aligned ecosystem.
A strong ecosystem is a competitive edge. It expands a Protocol’s accessibility, increases its resiliency, and enables it to thrive in the face of ruthless competitive and market environments. It means more product and engineering talent driving the Protocol forward, into new markets with better user experience. It means values-aligned delegates who are able to thoughtfully weigh the tradeoffs of governance proposals. It means more serendipity, collaboration, and inspiration.
Looking across the crypto landscape it’s easy to see ecosystem strength as a competitive advantage. Ethereum is probably the best example. If Consensys and Ethereum’s earliest contributors were still the only teams building on and for Ethereum, it is easy to see a world where almost none of us would be here. Instead, Ethereum is one of the best places to build blockchain-based protocols and applications.
The UF is building the Uniswap ecosystem.
How are we doing that exactly?
1. Growing core Protocol metrics, specifically driving net new order flow to strengthen the Protocol flywheel.
2. Building a pipeline for innovation on the Protocol, with the goal of enhancing the experience of swappers and LPs.
3. Aligning incentives for stakeholders with long-term interests of the Protocol, turning Uniswap into a cockroach.
This approach will serve to increase Uniswap’s moat over time while ensuring it can adapt as tides change.
Below, we discuss what we’ve done so far, and how we plan to accomplish our goals in the future. Thank you for your support, as always. We wouldn’t be here without you. We’re grateful to have the opportunity to work with you in the coming years.
Below, we provide a summary of what the UF Grants program and our team directly has accomplished over the last year.
Growth
Innovation
Governance & Community
First, we want to provide an overview of our team:
Devin Walsh, Executive Director & UF Co-Founder
Ken Ng, Applied Research & UF Co-Founder
Elika Mahdavi, COO
Raphaela Sapire, Head of Growth
Tyllen Bicakcic, Head of Developer Relations
Erin Koen, Head of Governance
Federico Landini, Grants Manager
We’re also grateful to work with a number of contributors who are making an outsized impact.
Ben Basche, Hooks Strategy
Bethany Crystal, Grants Strategy
YJ, Grants Committee
Leander Capuozzo, Brand Experience
Juliet Chung, Grants Administration
Below I want to summarize some of the work our team has done outside of grants:
Growth & Innovation
Governance
Regulatory
We will continue to take a targeted approach to growing the Uniswap ecosystem, investing our capital and resources to fund and support projects and teams who will drive growth and strengthening of the ecosystem.
Below we cover several initiatives currently in flight, and upcoming over the next few months.
Through the end of 2023, we plan to:
Into 2024 and beyond, we want to offer insight into how we’re thinking about achieving our big goals.
We are requesting $46.2M in funds today.
This funding will last provide the UF with 2 years of runway. In total, $28.33M will go towards grants, and $13.6M ($11.4M and 508k UNI) will be spent on operations over this timeframe. We have added a 10% buffer to mitigate price volatility. On the day we post the governance proposal, we will request our funds in UNI, using 30-day-TWAP to convert our request.
Grants
Operations
Grants
With the addition of funds, the UF will have $30M outstanding in grants capital remaining to disburse.
Projected Team Growth
Over the next year, we plan to grow our Growth & Research, Grants, and Technology teams in order to realize our goals. Specifically, we plan to:
Operations
Additional Notes
Over the last year, the UF has spent $3.15M on ops and $5.4M in grants. We offer a few comments on these amounts below:
The UF will retain the need to receive governance approval via an off-chain vote for grants larger than $2M. For that vote, we will use the terms set for the Temperature Check -- a 5-day Snapshot poll with 10M quorum.
Tranche 1 Review
Last year in our Tranche 1 of funding, we requested 2,547,002 UNI with the goal of receiving $20M. However the price of UNI decreased over the 11 days between our request and when it hit our wallet, decreasing the UNI’s value to $17.3M.
Our Treasury Diversification policy is designed to prioritize capital preservation and risk mitigation. We also maintain a portion of our assets in UNI to offer as part of a compensation package to our employees, to align interests with that of the Uniswap ecosystem.
Funds will be split between Operations and Grants. Below we detail our methodology for diversifying our assets within these two categories.
For Operational funds, we will:
For Grants funds, we will:
This plan aligns our financial strategy with our core objectives, minimizing risk from market volatility to safeguard the foundation’s operations and grant-making commitments.
We are kicking off our Temperature Check vote today - you can vote here. This vote will last for 5 days. We will kick off our on-chain governance vote next week.
To get a more comprehensive review on our work thus far, take a look at the blog posts we’ve written over the last year:
Thank you to Jesse Walden, Hart Lambur, Alexis Gauba, and Julia Rosenberg for their support as advisors and multi-sig signers over the last year.
Temp Check Snapshot here
Last Wednesday we posted in the forum to complete the initial funding of the UF. Since then we’ve been having really great, thorough discussions with delegates -- hearing your comments, answering questions, and receiving feedback.
Based on that feedback, we are making a few changes to our proposal. These are covered in the bullets below, and updated throughout our proposal.
Uniswap is critical infrastructure for a self-sovereign Internet, providing the liquidity layer for a flourishing world of tokens representing governance participation, community membership, the ability to participate in protocols, “real world” assets and more. It is critical financial infrastructure - providing a permissionless, credibly neutral alternative to the NYSE or SWIFT. It is an enabler of entrepreneurship, providing a liquidity platform for builders creating protocols and applications around the world.
We founded the Uniswap Foundation because we want to ensure that Uniswap is accessible for anyone in the world to leverage as permissionless financial and technological infrastructure for a long time.
How do we make that happen? A robust, diverse, and values-aligned ecosystem.
A strong ecosystem is a competitive edge. It expands a Protocol’s accessibility, increases its resiliency, and enables it to thrive in the face of ruthless competitive and market environments. It means more product and engineering talent driving the Protocol forward, into new markets with better user experience. It means values-aligned delegates who are able to thoughtfully weigh the tradeoffs of governance proposals. It means more serendipity, collaboration, and inspiration.
Looking across the crypto landscape it’s easy to see ecosystem strength as a competitive advantage. Ethereum is probably the best example. If Consensys and Ethereum’s earliest contributors were still the only teams building on and for Ethereum, it is easy to see a world where almost none of us would be here. Instead, Ethereum is one of the best places to build blockchain-based protocols and applications.
The UF is building the Uniswap ecosystem.
How are we doing that exactly?
1. Growing core Protocol metrics, specifically driving net new order flow to strengthen the Protocol flywheel.
2. Building a pipeline for innovation on the Protocol, with the goal of enhancing the experience of swappers and LPs.
3. Aligning incentives for stakeholders with long-term interests of the Protocol, turning Uniswap into a cockroach.
This approach will serve to increase Uniswap’s moat over time while ensuring it can adapt as tides change.
Below, we discuss what we’ve done so far, and how we plan to accomplish our goals in the future. Thank you for your support, as always. We wouldn’t be here without you. We’re grateful to have the opportunity to work with you in the coming years.
Below, we provide a summary of what the UF Grants program and our team directly has accomplished over the last year.
Growth
Innovation
Governance & Community
First, we want to provide an overview of our team:
Devin Walsh, Executive Director & UF Co-Founder
Ken Ng, Applied Research & UF Co-Founder
Elika Mahdavi, COO
Raphaela Sapire, Head of Growth
Tyllen Bicakcic, Head of Developer Relations
Erin Koen, Head of Governance
Federico Landini, Grants Manager
We’re also grateful to work with a number of contributors who are making an outsized impact.
Ben Basche, Hooks Strategy
Bethany Crystal, Grants Strategy
YJ, Grants Committee
Leander Capuozzo, Brand Experience
Juliet Chung, Grants Administration
Below I want to summarize some of the work our team has done outside of grants:
Growth & Innovation
Governance
Regulatory
We will continue to take a targeted approach to growing the Uniswap ecosystem, investing our capital and resources to fund and support projects and teams who will drive growth and strengthening of the ecosystem.
Below we cover several initiatives currently in flight, and upcoming over the next few months.
Through the end of 2023, we plan to:
Into 2024 and beyond, we want to offer insight into how we’re thinking about achieving our big goals.
We are requesting $46.2M in funds today.
This funding will last provide the UF with 2 years of runway. In total, $28.33M will go towards grants, and $13.6M ($11.4M and 508k UNI) will be spent on operations over this timeframe. We have added a 10% buffer to mitigate price volatility. On the day we post the governance proposal, we will request our funds in UNI, using 30-day-TWAP to convert our request.
Grants
Operations
Grants
With the addition of funds, the UF will have $30M outstanding in grants capital remaining to disburse.
Projected Team Growth
Over the next year, we plan to grow our Growth & Research, Grants, and Technology teams in order to realize our goals. Specifically, we plan to:
Operations
Additional Notes
Over the last year, the UF has spent $3.15M on ops and $5.4M in grants. We offer a few comments on these amounts below:
The UF will retain the need to receive governance approval via an off-chain vote for grants larger than $2M. For that vote, we will use the terms set for the Temperature Check -- a 5-day Snapshot poll with 10M quorum.
Tranche 1 Review
Last year in our Tranche 1 of funding, we requested 2,547,002 UNI with the goal of receiving $20M. However the price of UNI decreased over the 11 days between our request and when it hit our wallet, decreasing the UNI’s value to $17.3M.
Our Treasury Diversification policy is designed to prioritize capital preservation and risk mitigation. We also maintain a portion of our assets in UNI to offer as part of a compensation package to our employees, to align interests with that of the Uniswap ecosystem.
Funds will be split between Operations and Grants. Below we detail our methodology for diversifying our assets within these two categories.
For Operational funds, we will:
For Grants funds, we will:
This plan aligns our financial strategy with our core objectives, minimizing risk from market volatility to safeguard the foundation’s operations and grant-making commitments.
We are kicking off our Temperature Check vote today - you can vote here. This vote will last for 5 days. We will kick off our on-chain governance vote next week.
To get a more comprehensive review on our work thus far, take a look at the blog posts we’ve written over the last year:
Thank you to Jesse Walden, Hart Lambur, Alexis Gauba, and Julia Rosenberg for their support as advisors and multi-sig signers over the last year.
https://gov.uniswap.org/t/rfc-complete-initial-funding-of-the-uniswap-foundation/21956/18?u=kaereste
https://gov.uniswap.org/t/rfc-complete-initial-funding-of-the-uniswap-foundation/21956/18?u=kaereste
Thank you for the update and clarifying @devinwalsh. Between this post and the Q&A on the last one, we are comfortable supporting this proposal. Avantgarde Finance
Special thanks to @devinwalsh and the terrific team at the Uniswap Foundation for all their work driving the Uniswap ecosystem forward for the last year. We’re excited by the strategic vision they’ve outlined in this proposal. The specificity of the budgeting framework is particularly helpful as the Uniswap Foundation continues to grow and its role evolves. We at a16z crypto fully support their efforts and are appreciative of all they’ve done. As a result, we intend to support this proposal.
This proposal, in many ways, is an inflection point in the Uniswap Foundation’s journey. It represents a tangible commitment to the decentralized growth of Uniswap’s network, including by bringing the next wave of builders onboard and expanding the community.
Special thanks to @devinwalsh and the terrific team at the Uniswap Foundation for all their work driving the Uniswap ecosystem forward for the last year. We’re excited by the strategic vision they’ve outlined in this proposal. The specificity of the budgeting framework is particularly helpful as the Uniswap Foundation continues to grow and its role evolves. We at a16z crypto fully support their efforts and are appreciative of all they’ve done. As a result, we intend to support this proposal.
This proposal, in many ways, is an inflection point in the Uniswap Foundation’s journey. It represents a tangible commitment to the decentralized growth of Uniswap’s network, including by bringing the next wave of builders onboard and expanding the community.
Given the increased size of the Uniswap Foundation’s funding and budget in this proposal, it’s also important to consider the role of balanced oversight functions that foster appropriate systems and processes to protect the Uniswap community, the foundation, and contributors, in an effort to continue to professionalize web3 organizations. Certain of these oversight functions may be in the process of being implemented already, but where there are gaps, inspiration for filling them can come from many well-run and well-funded organizations, from traditional start-ups to NGOs to successful, established businesses.
So, at the time of this proposal, we want to identify the oversight functions that we believe the Uniswap Foundation can focus on during the period covered by the proposal. The Uniswap Foundation has the opportunity to establish a professional playbook for other web3 foundations to follow. If we can get this set-up right, it can be a model for the industry.
Here’s a few of the ideas that could help shape that model:
(1) Establishing a formal advisory board, or adding additional members to the current board, with traditional and web3 expertise in legal, financial, and technical matters, with an emphasis on experience in organizational governance.
(2) Publishing quarterly progress reports and annual audited financial statements.
(3) Hiring a General Counsel for the Uniswap Foundation and establishment of appropriate legal review processes for grants.
(4) Creating a formalized plan that outlines expectations, KPIs, and removal processes and conditions for UF leadership positions, and the subsequent need for a community vote regarding the remaining funding the UF would hold at the time of a change in UF leadership.
(5) Publishing a succession plan for UF leadership in the event of legal or ethical matters arising, or in the event members of the UF leadership leave prior to the fulfillment of this funding proposal.
This list isn’t intended to be exhaustive, but represents the main ways the UF can strengthen its organizational design. We look forward to hearing the community and UF’s feedback, and we’re excited for what’s in store ahead!
None of the above should be taken as investment advice or an advertisement for investment services; Some of the companies mentioned above are portfolio companies of a16z. Please see https://a16z.com/disclosures/ for more information.
A list of investments made by a16z is available at https://a16z.com/investment-list/.
We have had the privilege of collaborating with the UF over the past year as a delegate, during which the UF established the foundation, supported proposals, created grant initiatives, grew, held events, and more. This proposal demonstrates a forward-looking understanding of the protocol's trajectory and also aligns with ConsenSys' core objective of fostering community-driven governance.
The receptiveness of the Foundation to community feedback is appreciated, especially in revising the funding strategy to enhance accountability with protocol governance and core stakeholders. The current proposal reflects a balanced approach, ensuring resource allocation without undermining the potential to support promising projects. This is among many things that help promote a transparent relationship between stakeholders.
We have had the privilege of collaborating with the UF over the past year as a delegate, during which the UF established the foundation, supported proposals, created grant initiatives, grew, held events, and more. This proposal demonstrates a forward-looking understanding of the protocol's trajectory and also aligns with ConsenSys' core objective of fostering community-driven governance.
The receptiveness of the Foundation to community feedback is appreciated, especially in revising the funding strategy to enhance accountability with protocol governance and core stakeholders. The current proposal reflects a balanced approach, ensuring resource allocation without undermining the potential to support promising projects. This is among many things that help promote a transparent relationship between stakeholders.
The role of a foundation can vary based on the protocol, ecosystem, or stakeholders. In our view, the role of the UF is to support protocol governance and foster growth in the ecosystem. This proposal resonates with our broad belief.
We are optimistic about supporting this initiative through the governance process and fully anticipate positive outcomes for the ecosystem.
Thank you for the update and clarifying @devinwalsh. Between this post and the Q&A on the last one, we are comfortable supporting this proposal. Avantgarde Finance
Special thanks to @devinwalsh and the terrific team at the Uniswap Foundation for all their work driving the Uniswap ecosystem forward for the last year. We’re excited by the strategic vision they’ve outlined in this proposal. The specificity of the budgeting framework is particularly helpful as the Uniswap Foundation continues to grow and its role evolves. We at a16z crypto fully support their efforts and are appreciative of all they’ve done. As a result, we intend to support this proposal.
This proposal, in many ways, is an inflection point in the Uniswap Foundation’s journey. It represents a tangible commitment to the decentralized growth of Uniswap’s network, including by bringing the next wave of builders onboard and expanding the community.
Special thanks to @devinwalsh and the terrific team at the Uniswap Foundation for all their work driving the Uniswap ecosystem forward for the last year. We’re excited by the strategic vision they’ve outlined in this proposal. The specificity of the budgeting framework is particularly helpful as the Uniswap Foundation continues to grow and its role evolves. We at a16z crypto fully support their efforts and are appreciative of all they’ve done. As a result, we intend to support this proposal.
This proposal, in many ways, is an inflection point in the Uniswap Foundation’s journey. It represents a tangible commitment to the decentralized growth of Uniswap’s network, including by bringing the next wave of builders onboard and expanding the community.
Given the increased size of the Uniswap Foundation’s funding and budget in this proposal, it’s also important to consider the role of balanced oversight functions that foster appropriate systems and processes to protect the Uniswap community, the foundation, and contributors, in an effort to continue to professionalize web3 organizations. Certain of these oversight functions may be in the process of being implemented already, but where there are gaps, inspiration for filling them can come from many well-run and well-funded organizations, from traditional start-ups to NGOs to successful, established businesses.
So, at the time of this proposal, we want to identify the oversight functions that we believe the Uniswap Foundation can focus on during the period covered by the proposal. The Uniswap Foundation has the opportunity to establish a professional playbook for other web3 foundations to follow. If we can get this set-up right, it can be a model for the industry.
Here’s a few of the ideas that could help shape that model:
(1) Establishing a formal advisory board, or adding additional members to the current board, with traditional and web3 expertise in legal, financial, and technical matters, with an emphasis on experience in organizational governance.
(2) Publishing quarterly progress reports and annual audited financial statements.
(3) Hiring a General Counsel for the Uniswap Foundation and establishment of appropriate legal review processes for grants.
(4) Creating a formalized plan that outlines expectations, KPIs, and removal processes and conditions for UF leadership positions, and the subsequent need for a community vote regarding the remaining funding the UF would hold at the time of a change in UF leadership.
(5) Publishing a succession plan for UF leadership in the event of legal or ethical matters arising, or in the event members of the UF leadership leave prior to the fulfillment of this funding proposal.
This list isn’t intended to be exhaustive, but represents the main ways the UF can strengthen its organizational design. We look forward to hearing the community and UF’s feedback, and we’re excited for what’s in store ahead!
None of the above should be taken as investment advice or an advertisement for investment services; Some of the companies mentioned above are portfolio companies of a16z. Please see https://a16z.com/disclosures/ for more information.
A list of investments made by a16z is available at https://a16z.com/investment-list/.
We have had the privilege of collaborating with the UF over the past year as a delegate, during which the UF established the foundation, supported proposals, created grant initiatives, grew, held events, and more. This proposal demonstrates a forward-looking understanding of the protocol's trajectory and also aligns with ConsenSys' core objective of fostering community-driven governance.
The receptiveness of the Foundation to community feedback is appreciated, especially in revising the funding strategy to enhance accountability with protocol governance and core stakeholders. The current proposal reflects a balanced approach, ensuring resource allocation without undermining the potential to support promising projects. This is among many things that help promote a transparent relationship between stakeholders.
We have had the privilege of collaborating with the UF over the past year as a delegate, during which the UF established the foundation, supported proposals, created grant initiatives, grew, held events, and more. This proposal demonstrates a forward-looking understanding of the protocol's trajectory and also aligns with ConsenSys' core objective of fostering community-driven governance.
The receptiveness of the Foundation to community feedback is appreciated, especially in revising the funding strategy to enhance accountability with protocol governance and core stakeholders. The current proposal reflects a balanced approach, ensuring resource allocation without undermining the potential to support promising projects. This is among many things that help promote a transparent relationship between stakeholders.
The role of a foundation can vary based on the protocol, ecosystem, or stakeholders. In our view, the role of the UF is to support protocol governance and foster growth in the ecosystem. This proposal resonates with our broad belief.
We are optimistic about supporting this initiative through the governance process and fully anticipate positive outcomes for the ecosystem.
Hello :wave: @Porter,
Hello :wave: @Porter,
Firstly, let me express my gratitude for the comprehensive feedback you've provided on the Uniswap Foundation’s proposal. As an active member of the Uniswap governance community, I am heartened to see esteemed organizations like a16z crypto take an active interest in ensuring the protocol's growth and governance structures evolve appropriately.
Your points underline the critical juncture we're at as an ecosystem. As the Uniswap Foundation grows in its scale and importance, transparency and robust oversight become paramount.
Drawing from your insights and my personal experience participating in governance, I'd like to add and echo a few points:
1.1) The Grant Transparency Initiative seems like a pivotal step forward. As someone who deeply cares about the ecosystem's growth, being able to trace the decision-making process behind each grant would be invaluable. It would help instill greater trust within the community and ensure that the protocol remains true to its ethos.
1.2) I fully endorse the idea of hosting regular Grant Discussion Forums. This kind of direct engagement would foster a sense of ownership and inclusivity among community members, ensuring that many voices get a say in the protocol's direction.
1.3) Establishing a Grant Oversight Committee resonates with the community's call for increased transparency. Such a body, particularly with representation from community-elected members, would bring about checks and balances that are crucial for such a significant budget allocation.
2) Marketing and Communication: In the ever-evolving and fiercely competitive landscape of DEX platforms, standing out and communicating our value proposition is imperative. I echo the sentiment that a collaborative effort with the Uniswap Foundation to prioritize and strengthen marketing and communication is essential. Ensuring that our community outreach and governance proposals highlight this can be pivotal in retaining our position and expanding our user base.
3) Proposals Execution: While conceptualizing and voting on proposals is a significant part of our governance process, equal emphasis should be on the execution phase. I'd love for both the Uniswap Foundation and the broader community to focus more on the successful execution of win proposals. Perhaps introducing a consul program or some other structured support system would ensure these winning ideas genuinely come to fruition, benefiting the ecosystem.
Your suggestions about professionalizing governance, from the introduction of advisory boards to succession planning, are essential steps to ensure the foundation remains forward-thinking and agile. I'm eager to see how the UF and the broader community react to and potentially implement these ideas.
I must also take a moment to commend the Uniswap Foundation and personally to @devinwalsh for the incredible work done so far. The collaboration on the BNBchain proposal stands out as a testament to what we can achieve together. Your dedication and results-oriented approach have been instrumental in bringing about meaningful change and advancement for the Uniswap ecosystem.
Warm regards, ilia.eth
I appreciate the adjustments that have been made to the proposal. I will support this proposal specifically and I also more generally am a big believer in the importance of the Uniswap Foundation.
I think the Uniswap ecosystem benefits from having dedicated stewardship. I see this as very high leverage as the Uniswap Foundation is effectively handling a whole grants system as well. This prevents governance fatigue and mis-management that comes from token holders directly approving grant request.
Hi Porter, we appreciate your support here. We agree that this is an exciting time, for us and Uniswap as a whole, and we’re grateful for the opportunity to support the ecosystem in its next phase of growth.
We agree with the importance of the UF establishing best practices for community oversight, transparency, and internal governance. Many of the ideas put forth are already on our roadmap to achieve over the next year, including establishing a formal advisory board, adding to the UF Board, and providing more regular financial updates to the community.
Hi Porter, we appreciate your support here. We agree that this is an exciting time, for us and Uniswap as a whole, and we’re grateful for the opportunity to support the ecosystem in its next phase of growth.
We agree with the importance of the UF establishing best practices for community oversight, transparency, and internal governance. Many of the ideas put forth are already on our roadmap to achieve over the next year, including establishing a formal advisory board, adding to the UF Board, and providing more regular financial updates to the community.
We are directionally aligned with the additional items on your list and are excited to design operational processes and controls to professionalize the UF and set best practice for other Foundations in the space. We are committed towards taking these steps, without adding unreasonable operational or administrative burden to the UF, over the next year and in alignment with the aforementioned goals.
Hello :wave: @Porter,
Hello :wave: @Porter,
Firstly, let me express my gratitude for the comprehensive feedback you've provided on the Uniswap Foundation’s proposal. As an active member of the Uniswap governance community, I am heartened to see esteemed organizations like a16z crypto take an active interest in ensuring the protocol's growth and governance structures evolve appropriately.
Your points underline the critical juncture we're at as an ecosystem. As the Uniswap Foundation grows in its scale and importance, transparency and robust oversight become paramount.
Drawing from your insights and my personal experience participating in governance, I'd like to add and echo a few points:
1.1) The Grant Transparency Initiative seems like a pivotal step forward. As someone who deeply cares about the ecosystem's growth, being able to trace the decision-making process behind each grant would be invaluable. It would help instill greater trust within the community and ensure that the protocol remains true to its ethos.
1.2) I fully endorse the idea of hosting regular Grant Discussion Forums. This kind of direct engagement would foster a sense of ownership and inclusivity among community members, ensuring that many voices get a say in the protocol's direction.
1.3) Establishing a Grant Oversight Committee resonates with the community's call for increased transparency. Such a body, particularly with representation from community-elected members, would bring about checks and balances that are crucial for such a significant budget allocation.
2) Marketing and Communication: In the ever-evolving and fiercely competitive landscape of DEX platforms, standing out and communicating our value proposition is imperative. I echo the sentiment that a collaborative effort with the Uniswap Foundation to prioritize and strengthen marketing and communication is essential. Ensuring that our community outreach and governance proposals highlight this can be pivotal in retaining our position and expanding our user base.
3) Proposals Execution: While conceptualizing and voting on proposals is a significant part of our governance process, equal emphasis should be on the execution phase. I'd love for both the Uniswap Foundation and the broader community to focus more on the successful execution of win proposals. Perhaps introducing a consul program or some other structured support system would ensure these winning ideas genuinely come to fruition, benefiting the ecosystem.
Your suggestions about professionalizing governance, from the introduction of advisory boards to succession planning, are essential steps to ensure the foundation remains forward-thinking and agile. I'm eager to see how the UF and the broader community react to and potentially implement these ideas.
I must also take a moment to commend the Uniswap Foundation and personally to @devinwalsh for the incredible work done so far. The collaboration on the BNBchain proposal stands out as a testament to what we can achieve together. Your dedication and results-oriented approach have been instrumental in bringing about meaningful change and advancement for the Uniswap ecosystem.
Warm regards, ilia.eth
I appreciate the adjustments that have been made to the proposal. I will support this proposal specifically and I also more generally am a big believer in the importance of the Uniswap Foundation.
I think the Uniswap ecosystem benefits from having dedicated stewardship. I see this as very high leverage as the Uniswap Foundation is effectively handling a whole grants system as well. This prevents governance fatigue and mis-management that comes from token holders directly approving grant request.
Hi Porter, we appreciate your support here. We agree that this is an exciting time, for us and Uniswap as a whole, and we’re grateful for the opportunity to support the ecosystem in its next phase of growth.
We agree with the importance of the UF establishing best practices for community oversight, transparency, and internal governance. Many of the ideas put forth are already on our roadmap to achieve over the next year, including establishing a formal advisory board, adding to the UF Board, and providing more regular financial updates to the community.
Hi Porter, we appreciate your support here. We agree that this is an exciting time, for us and Uniswap as a whole, and we’re grateful for the opportunity to support the ecosystem in its next phase of growth.
We agree with the importance of the UF establishing best practices for community oversight, transparency, and internal governance. Many of the ideas put forth are already on our roadmap to achieve over the next year, including establishing a formal advisory board, adding to the UF Board, and providing more regular financial updates to the community.
We are directionally aligned with the additional items on your list and are excited to design operational processes and controls to professionalize the UF and set best practice for other Foundations in the space. We are committed towards taking these steps, without adding unreasonable operational or administrative burden to the UF, over the next year and in alignment with the aforementioned goals.
We appreciate the work that @devinwalsh, @eek637, and the rest of the foundation have put into Uniswap's growth since last August. Every decentralized community needs a steward--and UF has filled that role via grants, events, and governance. The funding ask from last year, according to DAO consensus, seemed reasonable. And now, with the advent of newer and more complex additions to the Uniswap suite via V4 and UniX, we find the funding request to be even more relevant.
To those ends, we Michigan Blockchain are in support of this proposal.
Thank you for the post. Your have expressed, more eloquently than I could, ideas similar to what I suggested here: https://gov.uniswap.org/t/rfc-complete-initial-funding-of-the-uniswap-foundation/21956/8?u=kfx
I fully agree that the Uniswap Foundation should aspire to be a model for the industry. This goal should be kept in mind when considering day-to-day operations.
We appreciate the work that @devinwalsh, @eek637, and the rest of the foundation have put into Uniswap's growth since last August. Every decentralized community needs a steward--and UF has filled that role via grants, events, and governance. The funding ask from last year, according to DAO consensus, seemed reasonable. And now, with the advent of newer and more complex additions to the Uniswap suite via V4 and UniX, we find the funding request to be even more relevant.
To those ends, we Michigan Blockchain are in support of this proposal.
Thank you for the post. Your have expressed, more eloquently than I could, ideas similar to what I suggested here: https://gov.uniswap.org/t/rfc-complete-initial-funding-of-the-uniswap-foundation/21956/8?u=kfx
I fully agree that the Uniswap Foundation should aspire to be a model for the industry. This goal should be kept in mind when considering day-to-day operations.
