Uniswap-Arbitrum Grant Program (UAGP) has joined forces with Gitcoin Grants Stack to streamline its grant management process. The partnership which will run from November 8, 2023, to May 9, 2024, will leverage decentralized and smart contract-enabled solutions for effective grant distribution within the Uniswap and Arbitrum ecosystems.
Uniswap is a decentralized cryptocurrency exchange protocol originally built on the Ethereum blockchain but now multi-chain. It enables users to swap various tokens directly from their wallets without the need for a traditional exchange.
Uniswap operates through automated smart contracts, providing liquidity and facilitating token trades through a user-friendly interface. Users can also become liquidity providers by depositing tokens into Uniswap’s liquidity pools and earning fees in return.
Arbitrum, on the other hand, is a Layer 2 scaling solution for the Ethereum blockchain. Its main goal is to address Ethereum’s scalability issue by providing faster and more cost-effective transactions.
The Uniswap-Arbitrum Grant Program (UAGP) is a half-year effort that offers developers grants ranging from $50,000 to $250,000 in ARB – the native token of the Arbitrum Network. This initiative is focused on supporting projects within the Uniswap-Arbitrum ecosystem.
With a substantial allocation of over 1 million $ARB tokens, the program aims to speed up the adoption of these technologies and showcase the numerous opportunities arising from the collaboration between the Uniswap and Arbitrum ecosystems.
Gitcoin is a community-driven platform linking digital creators with individuals eager to support their endeavors. On the other hand, Gitcoin Grants Stack stands out as a protocol-enabled solution, providing any community with seamless tools for the effortless creation, management, and expansion of grant programs.
Choosing Gitcoin Grants Stack for UAGP is a result of a careful assessment, ensuring it aligns with UAGP’s values of openness and efficiency. Grants Stack, being a decentralized, smart contract-enabled solution, simplifies the intricacies of managing grant programs.
By joining Gitcoin’s ecosystem, UAGP associates itself with a community-driven network devoted to open collaboration, community governance, and mutual support. This partnership not only brings advanced grant management technology but also links UAGP to a community actively working towards a more decentralized future.
According to Gitcoin, there are five Requests for Proposals (RFPs) that are currently active in the program. They are focused on key areas such as Liquidity Management and Derivative Protocols, Arbitrum Testnet with EIP-1153 Enabled, Uniswap on Arbitrum Ecosystem Tools or Products, Uniswap v4 Infrastructure Dev Tools, and an Open Contribution category to encourage innovative ideas.
