[Updated] Across UMA Voting Committee Renewal Proposal

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 five months, the AUVC has generated over 273,000 $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 273,000 $UMA in 5 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 17.2% APY, extending the AUVC term could yield an additional 260,000+ UMA in rewards over the next 6 months(197,800+ in Staking rewards and potential for 70-80,000 in voting rewards), further strengthening the DAO’s treasury. These numbers cover the staking, voting rewards would increase that amount.

Performance Highlights:

  • $UMA Earned: 273,000 (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 initially 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 roughly 6 months, beginning June 11th 2025, unless terminated early by the DAO.

AUVC Decentralization Exploration.

After discussions with Risk Labs and the community we have decided to explore some changes to the future of the AUVC. This addresses Risk Labs’ concern of voter concentration and conflicts of interest.

Key Changes:

  • We are applying a cap to the AUVC voting power of 2.5MM UMA to avoid having too much power in our control. Keeping the OO decentralized is important to our team.
  • We will explore adding new committee(s) to reduce voter concentration. This would require coordination with Risk Labs to find a way to split the delegation while keeping the UMA in the control of the Across DAO. This is not likely achievable in our 6 month renewal term due to the current delegation structure.
  • Should splitting the delegation become an option we have already built a roadmap that could be rolled out.
  • Our committee agrees to have no private discussions about a vote before a reveal phase and will maintain any conversations on public channels only.
  • Our committee agrees to have no undisclosed trading on any prediction market secured by the UMA Optimistic Oracle.

The AUVC Standard Operating Procedure Manual covers the above topics. AUVC Standard Operating Procedure - Google Docs

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
Power Concentration Capping the AUVC voting power at 2.5MM UMA while pursuing avenues to split Across DAO’s vote power into multiple delegations.

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.

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