Thanks for the proposal.
From what I can tell, the technical one-year restriction with this UNI was meant to purposefully limit the duration of these incentives. Totally respect that the full allotment of incentives wasn’t used up entirely, which indicates cognizance around unfavorable market conditions, etc.
However, further justification around this extension is warranted since the initial proposal indicated:
It would also be helpful to understand how much is left to be allocated from the Aera vault—either for Unichain, v4, or both. Presumably, $32M total has been allocated according to this post. Since UNI fluctuated a lot over the past year, my hunch is that the dollar amount is at a surplus from the initial request of ~$45M. Would be helpful to see more data on this.
Given that, what’s the new disbursement timeline since the proposed expiration date is 2030? Does this prolonged duration mean there will be an ask for more incentives soon?
And who is the intended manager of these remaining incentives? Is optimization/decision-making conducted by Gauntlet, UF, or Labs?
If the rationale for utilizing the remaining incentives aligns with further v4 growth, especially with hooks or in observing v3 to v4 liquidity migration, continuation may make sense. But it’s much harder to justify Unichain incentives without a more clear strategy.