- Uniswap Arbitrum LTIPP Matching (Snapshot)
Voted, in the order of preferences: $750k – $500k – $1M – $250k – Do Not Fund
The funds will mostly be used for a Gauntlet-run liquidity mining program. So far, Gauntlet-operated v3 LM programs have seen mixed success. Some pools were able to take market share away from competitors, and in most pools, the incentives facilitated more liquidity and resulted in swap execution at better prices. On the other hand, LPs were perhaps less forgetful than we hoped for, and typically didn’t keep their liquidity in the pool after the incentives ended. Nevertheless, Arbitrum has been great for Uniswap and DeFi in general, and it would be fair to pay back some of that by contributing to the LP incentives.
Regarding the amount, the idea would be to try to match Arbitrum’s contribution at a 50:50 ratio. At the time of the voting, the price of ARB was around $0.80, meaning that Arbitrum’s contribution would be around $800k. From the options, $750k was the closest fit.
- Uniswap Arbitrum LTIPP Matching (onchain)
Vote: Yes. The snapshot vote converged to my preferred amount of $750k. The rationale for supporting it is described above.