Across UMA Voting Committee – Renewal Proposal

Proposals Active Proposals
1

Title: Across UMA Voting Committee – Renewal Proposal
Author(s): EAsports, TheRealTuna, mydefi, neondaemon, underethsea
Status: Proposal
Related Discussions:

Initial Term Start Date: December 11th 2024

Renewal Date: June 11th 2025

Summary:

This proposal recommends renewing the Across UMA Voting Committee (AUVC) for an additional 6-month term. Over the past four months, the AUVC has generated over 225,000 $UMA in rewards for the Across DAO and is on track to deliver approximately 300,000 $UMA by the end of its current term.

Renewing the committee ensures ongoing active participation in UMA governance, continued income for the DAO, and the sustained security of the Optimistic Oracle (OO), which is critical infrastructure for Across.

Motivation:

The AUVC was established to activate the Across DAO’s $UMA holdings, safeguard the Optimistic Oracle, and create a recurring stream of protocol-aligned revenue. The committee has succeeded on all fronts:

  • Earned over 225,000 $UMA in 4 months.

  • Maintained 100% participation in UMA votes.

  • Kept slashing events to a minimum.

  • Delivered transparent, regular reporting to the DAO.

  • Aligned the DAO’s strategic interest in UMA governance with tangible economic benefits.

With a continued 21.11% APY, extending the AUVC term could yield an additional 242,000+ UMA in rewards over the next 6 months, further strengthening the DAO’s treasury. These numbers cover the staking, voting rewards would increase that amount.

Performance Highlights:

  • $UMA Earned: 225,000 (projected 300,000 by term end)

  • Voting Participation: 100%

  • Community Engagement: Transparent reporting, Discord visibility, responsive feedback

  • Reward Efficiency: 100% of rewards sent directly to the DAO treasury. Re-staking was also handled by the team.

Specification & Implementation:

The AUVC will continue operating under the same structure:

  • 2 of 5 Multisig for voting delegation

  • 3 of 5 Multisig for compensation disbursement

  • Regular reporting on rewards, votes, and slashing risk

  • Active participation in all UMA governance votes

  • Open Discord channel for transparency and discussion

The renewal term will last 6 months, beginning June 11th 2025, unless terminated early by the DAO.

Committee Members (Returning):

  • EAsports

  • TheRealTuna

  • Underethsea

  • MyDefi

  • Neondaemon

Each member brings a proven track record of governance participation, risk management, and community alignment.

Funding Request & Compensation:

We are requesting an additional 20,000 UMA to cover:

  • Gas costs

  • Committee compensation (6% of earned rewards)

As with the initial term, 100% of all voting rewards go directly to the Across DAO treasury. The teams 6% share will be calculated and drawn from the UMA funding sent to our team wallet. This funding is drawn from rewards generated during the term, not from DAO reserves. Any unspent funds will be returned should the delegation be revoked.

Rationale:

  • Maintains and deepens DAO alignment with UMA governance

  • Strengthens the Optimistic Oracle infrastructure securing the Across bridge

  • Proven results and cost-effective contribution to DAO revenue

  • No change in risk model or operational process

Downside & Mitigations:

Risk Mitigation
Misalignment in votes Active community engagement and reporting; proven past alignment
Slashing High diligence by experienced voters; minimal slashing to date
Committee stagnation DAO retains full control to revoke delegation at any time

Wallet Infrastructure:

  • Voting Multisig (2 of 5): 0x55Cfebb12AB9A0C982057109b14f394dC19abA03

  • Compensation Multisig (3 of 5): 0x1AB83bc391B0bDbc34Ab69D02Bf34f4B643C64F4

Voting Options:

  • YES – Renew the AUVC for 6 months, continue UMA delegation, and allocate 20,000 UMA for operational needs.

  • NO – End the AUVC at the close of its current term. This will require a secondary vote at the end of our term to remove the delegation from our team multisig.

1 Like
2

Great achievement for the AUVC and an amazing level of rewards. Looking forward for when you guys need the 6th member, and the opportunity to bring my expertise and experience to the team.

1 Like
3

Would love to see all members active in AUVC chat and/or the ER threads for disputes.

Also curious how workload / strategy changes as UMA continues to put up guard rails against disputes happening.

Great to see progress of the AUVC so far.

2 Likes
4

I love the performance. Pls post screens in auvc chat from time to time as logging in with safe doesnt show whole history in uma UI sadly.

2 Likes
5

I appreciate the initiative of the AUVC members and the benefit it has given to Across. A few comments:

  1. I see the voting participation rate above, but no accuracy rate. I think it’s important information to share in this renewal and report on regularly.

  2. At 9% of total UMA staked the AUVC is the largest UMA voter and contributes to concentration of the UMA voting pool. I think a delegation system that divides Across’s UMA into smaller voting delegations would be preferable.

6

Appreciate the comments and feedback. We are interested in finding a way to work with the community and Risk Labs to reduce voter concentration in UMA by gradually breaking the AUVC into multiple voting pools. This would bring an opportunity for experienced UMA voters who are also involved in Across to join one of the AUVC’s voting pools. We will be proposing a plan that incorporates these gradual changes during our next 6 month term.

7

Please see updated proposal, we will be looking to move to snapshot ASAP.