Can UGP increase their Q2 budget to $1.5M?

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.