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Create Uniswap Update Week 13 2021 01-04-21.md
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# Governance Update
## Live Votes Snapshot (Off-chain)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Can UGP increase their Q2 budget to $1.5M? | | [Vote](https://app.boardroom.info/uniswap/poll/QmWe6Krc81pkCtQFbd2AxytFCp1imLGUnFTEEom9YNwFte) |
Summary:\
The UNI Grants Program would like to double the Q2 budget to $1.5M in order to match the Uniswap Labs bug bounty program with $500,000 worth of UNI from the Committee multisig. Due to the price change of UNI, the funds are already available and will not require a formal transfer of funds from community treasury.\
However, as these funds were not a part of our original proposal, we are seeking approval via a 7 day time-bound Snapshot vote, after which UGP will act according to the majority vote.
Closes: April 3rd
## Ongoing Discussions
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Fee switch date approaching, time to act | Product | [Discuss](https://gov.uniswap.org/t/fee-switch-date-approaching-time-to-act/10418) |
Summary:
Repeated calls for a vote regarding whether the fee switch should be turned on or not.
Update:\
Significnat support as well as [pushback](https://gov.uniswap.org/t/fee-switch-date-approaching-time-to-act/10418/28) arguing that there are other more pressing matters to consider before the fee switch and may fare better by waiting/focusing on migration to L2.
Date Created: Feb 18th\
Last Active: April 1st
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Right Time for UNI Screenshot Airdrop to HODLers private wallet | Marketing/Treasury | [Discuss](https://gov.uniswap.org/t/right-time-for-uni-screenshot-airdrop-to-hodlers-private-wallet/9782) |
Summary:\
Discussion gauging whether there shoudl be an airdrpo rewarding UNI HODLers
Update:\
[Reminder](https://gov.uniswap.org/t/right-time-for-uni-screenshot-airdrop-to-hodlers-private-wallet/9782/18) that there will be no more airdrops, as communicated by the team.
Date Created: Jan 17th\
Last Active: April 1st