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    #82 Unichain and Uniswap v4 Liquidity Incentives

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    Description

    Unichain and Uniswap v4 Liquidity Incentives

    Summary

    Proposal to Fund Unichain and v4 Liquidity Incentive Programs proposed by the Uniswap Foundation, with contributions from Gauntlet

    Forum post here. Temp check here.

    Specification

    Gauntlet has deployed and configured an Aera vault for the Uniswap Foundation on mainnet. Ownership transfer has been initiated from Gauntlet to the Uniswap Timelock contract. If passed, this proposal will accept the ownership transfer to the UNI Timelock and resume the vault. After successfully transferring ownership and resuming the Aera vault, the proposal will approve and deposit UNI tokens into the Aera vault. This step ensures that the vault is properly funded to support liquidity incentives.

    1. Accept ownership of the Aera vault, asset registry, and hooks. These calls accept the transfer of ownership of the Aera vault, asset registry, and hooks to the UNI timelock.
    2. Resume the Aera vault.
    3. Approve the Aera vault as spender of 7,588,532 UNI from Timelock.
    4. Deposit 7,588,532 UNI into the Aera vault.

    By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at https://www.gauntlet.xyz/tos and https://storage.googleapis.com/gauntlet-public-web-assets/Gauntlet_New_Partnership_Disclaimer.pdf.

    For46,454,546 84%
    Against964,047 2%
    Abstain8,159,562 15%
    Quorumreached

    Timeline

    1. Pending
    2. Active
       
      block 22,038,896 → 22,079,216
    3. Succeeded
       
    4. Queued
       
    5. Executed
       

    Votes (510)

    0x683a…6C02Abstain · 5,252,281 UNI
    0x553F…2Ac2For · 5,010,542 UNI
    0xb55a…42b1For · 4,545,495 UNI
    0x13BD…8548For · 3,860,933 UNI
    0x8d07…A265For · 3,304,572 UNI
    0x9Eaf…4568For · 3,150,085 UNI
    0x0703…961bFor · 3,001,102 UNI
    0xB933…8Dd1For · 2,747,128 UNI
    0xECC2…6AC9For · 2,504,217 UNI
    0x3FB1…4C8AFor · 2,501,209 UNI
    0xed11…bb04For · 2,500,975 UNI

    https://gov.uniswap.org/t/she256-delegate-platform/25204/2?u=she256

    0xE93D…E2b5For · 2,500,756 UNI
    0xa6e8…Eef6Abstain · 2,500,640 UNI

    https://gov.uniswap.org/t/governance-proposal-uniswap-unleashed-unichain-and-uniswap-v4-liquidity-incentives/25250/41?u=gfxlabs

    0xB49f…7948For · 2,500,597 UNI
    0x66Aa…1621For · 2,500,247 UNI
    0x4905…4DD0For · 1,500,000 UNI
    0x7AE1…E585For · 1,250,010 UNI
    0xB777…E1a5For · 1,003,761 UNI
    0x5C04…dC62For · 520,288 UNI
    0x1855…98baAgainst · 505,485 UNI
    0x8787…ea52For · 461,230 UNI
    0x786A…2813Against · 455,399 UNI
    0xAac3…0bcDAbstain · 406,639 UNI

    I support the incentives proposed for v4, and also see a lot of potential in Unichain, but don't think that it's justified to spend UNI tokens on that unless the DAO gets a better deal in terms of control and fee share on the chain.

    0x1B68…eeaDFor · 260,911 UNI

    https://gov.uniswap.org/t/governance-proposal-uniswap-unleashed-unichain-and-uniswap-v4-liquidity-incentives/25250/39

    0xeD2A…aeAFFor · 251,005 UNI
    0x40a3…1c83For · 250,001 UNI
    0xf955…c99aFor · 250,000 UNI
    0x0A0F…c2F6For · 46,241 UNI
    0xb356…c826For · 14,009 UNI

    The Event Horizon Community voted FOR on this Proposal (ehUNI-45): EventHorizon.vote/vote/uniswap/ehUNI-45

    0x1729…b879For · 7,001 UNI
    0xB792…89D7For · 3,741 UNI
    0x0579…4048For · 2,684 UNI
    0x12b3…0832Against · 1,999 UNI
    0x21b3…Fa75For · 1,555 UNI
    0x3DDC…05B0For · 1,076 UNI
    0x6f9B…8A1dAgainst · 1,056 UNI
    0x1F3D…0591For · 1,000 UNI

    We vote FOR the proposal. The incentives requested in the proposal can (1) help the migration of liquidity from v3 to v4 and (2) bring more TVL/volume to Unichain. As described in the proposal, incentive programs are common in the ecosystem - and can be one-off solutions to grow new solutions. However, it is important that KPIs are managed. Tracking the efficiency of capital allocation in liquidity programs is key to not throwing money at the DAO with no return for it. If the KPIs are not met, the Gauntlet must draw up new plans to achieve the objectives stipulated in the proposal. If they don't succeed, the money should go back to the DAO. In addition, it's essential to think about the long-term strategy - mentioned by Gauntlet/UF in the proposal. We know how incentive programs can work for a short time - only as long as rewards are distributed to users. It is essential that capital allocation is done with this in mind, with a view to not repeating the same problems of other projects that have done the same in the market. We also advocate the creation of a proposal that encourages more Hooks to be created on Uniswap. However, it would be interesting to fund mainly those that bring some kind of return to the DAO.

    0xb758…30DeFor · 513 UNI
    0xCcd3…31C6For · 407 UNI
    0x1106…9FdaFor · 402 UNI
    0xE228…13b1For · 374 UNI
    0x0579…CA09For · 146 UNI
    0x4F68…118BAgainst · 100 UNI
    0xa829…4153For · 32 UNI
    0x664B…9145For · 26 UNI
    0x7Bb9…0418For · 16 UNI
    0x2F2F…f78AFor · 9 UNI
    0x1686…0C88For · 7 UNI
    0xFffd…bf5dFor · 5 UNI
    0x224b…9A1aFor · 5 UNI

    Voting timeline

    Proposal actions

    Caller
    Timelock
    0x1a9C…35BC
    →
    acceptOwnership→
    Uniswap Unleashed Gauntlet Aera Vault
    0x7c84…47E4
    acceptOwnership→
    AeraVaultAssetRegistry
    0x77A3…06b9
    acceptOwnership→
    AeraVaultHooks
    0xEC64…107c
    resume→
    Uniswap Unleashed Gauntlet Aera Vault
    0x7c84…47E4
    approve→
    UNI
    0x1f98…F984
    spender→
    Uniswap Unleashed Gauntlet Aera Vault
    0x7c84…47E4
    ▶rawAmount
    rawAmountuint256
    7588532000000000000000000
    deposit→
    Uniswap Unleashed Gauntlet Aera Vault
    0x7c84…47E4
    ▶amounts
    amountstuple[]
    0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984,7588532000000000000000000