boardroom-inc-protocol-Info/protocols/uniswap/resources/Gov Weekly/Update Week 14 2021 08-04-21.md

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Recent Votes Snapshot (Off-chain)

Name Category Link
Can UGP increase their Q2 budget to $1.5M? Treasury Vote

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.

Outcome: Vote Passed

Opened: Mar 23rd
Closed: April 2nd

Ongoing Discussions

Name Category Link
Fee switch date approaching, time to act Product Discuss

Summary: Repeated calls for a vote regarding whether the fee switch should be turned on or not.

Update:
Given the technical costs of turning th fee switch on, there are questions as to whether the switch should should remain as is until V3.

Date Created: Feb 18th
Last Active: April 8th

Name Category Link
Add SNX/ETH pool to list of pools eligible for UNI rewards Product/Development Discuss

Summary: SNX is an important collateral asset within the DeFi ecosystem, it currently secures nearly $150 million USD worth of synthetic assets on Ethereum. Greater liquidity for SNX makes it easier for stakers to manage their debt obligations and for the entire system to stay sufficiently collateralized, both of which in turn make DeFis largest pool of synthetic asset liquidity more efficient.

Update:
Despite ample support, some pushback through arguments that SNX brings additional value to the exchange as a bridge asset

Date Created: Sep 2020
Last Active: April 8th