Delegate Address: gauntletgov.eth (0x683a4F9915D6216f73d6Df50151725036bD26C02)
Email: gov@gauntlet.xyz
Website: gauntlet.xyz
Twitter: https://x.com/gauntlet_xyz
Introduction
Gauntlet is a DeFi-native quantitative research firm specializing in treasury and risk management, incentive optimization, and mechanism design. Gauntlet uses battle-tested techniques from the algorithmic trading industry to help protocols manage risk, optimize revenue, and design better incentives. Our simulation models inform parameter decisions for protocols of all sizes, covering over 25% of aggregate DeFi TVL.
What do you want to see happen in Uniswap governance over the next year?
Gauntlet wants to see the Uniswap DAO continue to be a leading organization for DAO governance. This includes:
- Running dynamic incentive programs in a sustainable fashion to drive an increase in protocol utilization, including an efficient migration to v4
- Engaging in a thorough evaluation of fee switch parameters
- Expanding Uniswap v3 deployments multichain, in a safe and reasonable manner
- Improving governance processes to drive an increase in delegate engagement
Reasons for wanting to be a delegate:
Gauntlet has worked closely with the Uniswap ecosystem for a number of years and aims to be a good steward for the protocol/community. We will bring our technical background to help evaluate proposals which can advance the long-term impact of Uniswap in the blockchain ecosystem.
Gauntlet is excited to continue working with the Uniswap Foundation and DAO in parallel to achieve the communities goals.
Past contributions to Uniswap ecosystem and/or demonstrated protocol knowledge:
https://www.gauntlet.xyz/resources/uniswap-incentive-design-analysis
https://www.gauntlet.xyz/resources/uniswap-arbitrum-rewards-midpoint-retro
https://www.gauntlet.xyz/resources/uniswap-protocol-fee-report
https://www.gauntlet.xyz/resources/uniswap-price-execution-analysis
https://www.gauntlet.xyz/resources/uniswap-user-cohort-analysis
Disclosure of Conflicts of Interest:
Gauntlet works with a variety of protocols in the blockchain ecosystem, but does not work with any direct competitors to Uniswap.
2 Likes
Uniswap Arbitrum LTIP Match
We are opting to abstain from this vote as we are one of the service providers benefiting from this proposal. We are happy to help grow Uniswap in the Arbitrum ecosystem.
2 Likes
DeFi Education Fund—Gauntlet voted FOR this proposal. The DeFi Education Fund has done good work since the original vote in 2021, and in an increasingly unclear regulatory environment, this work is more important than ever.
Uniswap Delegate Reward—3 months cycle 1—Gauntlet voted FOR this proposal. The budget requested is reasonable for a pilot program, and we’ve both participated in and witnessed positive results from similar past/ongoing programs in other DAOs.
1 Like
Uniswap
Onboarding Package for Gnosis Chain - $250K —Gauntlet voted FOR this proposal. The budget requested is reasonable for an onboarding package given Gnosis Chain adoption and comparable incentive packages given to previous chains.
** Uniswap Arbitrum LTIPP Matching**
We are opting to abstain from this vote as we are one of the service providers benefiting from this proposal. We are happy to help grow Uniswap in the Arbitrum ecosystem.
1 Like
[TEMP CHECK] Uniswap Onboarding Package - OKX Chain
To address a combination of community comments regarding OKX’s low liquidity, OKX’s decision not to match UNI incentives, and other feedback, this proposal will be adjusted and re-submitted per Yohaan of OKX. As such, we vote Against the proposal in it’s current form.
[TEMP CHECK]- Revised - Uniswap Onboarding Package - OKX Chain
Gauntlet has voted in favor of the revised Uniswap Onboarding Package for the OKX chain following the X Layer’s decision to provide $1m of liquidity for a minimum of 6 months.
[Temp Check] Forse Analytics for Uniswap Revitalization and Growth Program
Gauntlet has voted in favor of Base and Arbitrum (50/50), given that the chains represent the highest TVL and most strategic current Uniswap deployments. Before an onchain vote, Gauntlet would prefer to see greater detail regarding the exact data deliverables pertaining to Uniswap’s growth strategy and transparency around the data methodologies the Stablelab team intends to deploy.
1 Like
Onboarding Package for Gnosis Chain (Onchain)
Gauntlet has voted in favor of the proposal as the budget requested is reasonable for an onboarding package given Gnosis Chain adoption and comparable incentive packages given to previous chains.
Proposal to active 2, 3, 4 bps fee-tiers on Base (Snapshot)
Gauntlet has voted in favor of this proposal as a signal to the DAO to continue to investigate Aerodrome ETH/USDC pool performance. We expect greater diligence in the research as the proposal moves to an onchain vote.
1 Like
[REDO: Temp Check] Activate 2, 3, 4 bps fee tiers on Uniswap v3 on Base (Snapshot)
Revote - Gauntlet has voted in favor of this proposal as a signal to the DAO to continue to investigate Aerodrome ETH/USDC pool performance. We expect greater diligence in the research as the proposal moves to an onchain vote.
[Temp Check] Uniswap Delegate Reward Initiative - Cycle 2 (Snapshot)
Gauntlet has voted in favor of this proposal following the results of Cycle 1. In light of recent governance events at Compound, and similar programs launched in Arbitrum and Lido, Gauntlet views experiments in delegate incentivization as a useful strategy for maintaining engaged and active governance.
Deploy Uniswap v3 on X Layer (onchain)
Gauntlet has voted in favor of the revised Uniswap Onboarding Package for the OKX chain following X Layer’s decision to provide $1m of liquidity for a minimum of 6 months.
1 Like
Uniswap Delegate Reward Initiative - Cycle 2 (Onchain)
Gauntlet has voted in favor of this proposal following the results of Cycle 1. In light of recent governance events at Compound, and similar programs launched in Arbitrum and Lido, Gauntlet views experiments in delegate incentivization as a useful strategy for maintaining engaged and active governance.
Proposal to active 2, 3, 4 bps fee-tiers on Base (Onchain)
Gauntlet voted to abstain from this vote per our previous feedback and similar comments:
https://gov.uniswap.org/t/rfc-proposal-to-active-2-3-4-bps-fee-tiers-on-base/24346/30?u=gauntlet
UAC Renewal S3 (Snapshot)
Gauntlet has voted in favor of this proposal since the UAC successfully executed its duties in S2, and we believe the budget is appropriate for an S3 renewal.
Approved Budgets Rebalancing (Snapshot)
Gauntlet has voted in favor of this proposal since the UAC successfully executed its duties in S2, and we believe the budget is appropriate for an S3 renewal.
Uniswap Delegate Race Tiebreaker (Snapshot)
Gauntlet has voted to award both delegates, Tane and Argonaut, as each performed well enough to receive a delegation. Thus, both should be rewarded.
1 Like
Uniswap Accountability S3 Renewal and Rebalance
Gauntlet has voted in favor of the Uniswap Accountability S3 Renewal and Rebalance proposal since the UAC successfully executed its duties in S2, and we believe the budget is appropriate for an S3 renewal.
Forse Analytics for Uniswap Revitalization and Growth Program (Onchain)
Gauntlet has voted in favor of the Forse Analytics proposal despite some controversy regarding its decision to adjust from Scroll to Blast as a targeted chain and its lack of details on the metrics and methodology. Gauntlet spoke with the StableLab team following its comments on the original Snapshot vote and feels that the team’s competence is certainly enough to justify a trial 3-month contract. That said, we maintain that we’d prefer greater clarity on KPIs, data deliverables, and methodologies in the future. Especially given how competitive the data analytics space is, robust deliverables are essential when selecting providers.
UAC Election (Snapshot)
Gauntlet has voted in favor of JoJo, Doo, Alice Corsini, and Alex Duckworth in equal percentages.
[TEMP CHECK] - Onboarding Package for Lisk (Snapshot)
Gauntlet has voted against the onboarding package for Lisk. Despite agreeing to deposit $1M in POL and matching incentives, Lisk appears to be an extremely young ecosystem that has yet to demonstrate enough traction to warrant Uniswap incentives. It appears that over 99% of its $140M TVL comprises the LSK token, and Uniswap’s current deployment comprises over 99% of its current DeFi TVL, making it unclear how deploying incentives would further Uniswap’s dominance on the protocol versus serving Lisk TVL growth.
Gauntlet is open to changing its stance if Lisk brings more activity to their chain overall.
More generally, with the announcement of Unichain, we believe it’s worth re-evaluating Uniswap’s liquidity strategy from the DAOs’ perspective and conducting greater diligence on how future onboarding incentives align with Uniswap goals. While many partners are fit for onboarding incentive programs, more scrutiny will be applied for projects so early in their lifecycle.
[Temp Check] Uniswap Growth Program Trial (Snapshot)
Gauntlet has voted in favor of the Uniswap Growth Program Trial per its comments on the proposal.
Uniswap Growth Program Trial (Onchain)
Gauntlet has voted in favor of the Uniswap Growth Program Trial per its comments on the proposal.
[Updated] Forse Analytics for Uniswap Revitalization and Growth Program (Onchain)
Gauntlet has voted in favor of the updated Forse Analytics proposal. Gauntlet spoke with the StableLab team following its comments on the original Snapshot vote and feels that the team’s competence is certainly enough to justify a trial 3-month contract.
[TEMP CHECK] - Tally Uniswap Proposal (Snapshot)
Gauntlet has voted in favor of the Snapshot. Tally has been an invaluable tooling provider in the DAO space for years. An additional area we’d love to see Tally explore is the front-end integration of the broader DAO tooling stack. Further development on the Tally front-end can support delegates and stakeholders to have a seamless experience exploring the DAO activities, operations, and governance.
Tally Uniswap Proposal (Onchain)
Gauntlet has voted in favor of the Snapshot. Tally has been an invaluable tooling provider in the DAO space for years. An additional area we’d love to see Tally explore is the front-end integration of the broader DAO tooling stack. Further development on the Tally front-end can support delegates and stakeholders to have a seamless experience exploring the DAO activities, operations, and governance.
[TEMP CHECK] Scale Uniswap Liquidity on Celo (Snapshot)
Gauntlet is in favor of the Celo program. Celo has proven itself as a relevant L2, establishing itself as the 7th largest chain by volume.
TEMP CHECK] Metal L2: Bridging TradFi and DeFi Through Uniswap V3 (Snapshot)
Vote: Against
Gauntlet has voted against this proposal due to lacking evidence and clarity around chain performance and adoption.
Discretionary Budget from UAC for Co-Incentive Campaigns (Snapshot)
Vote: For
Gauntlet has voted in favor of this proposal, although we are generally against price increases as a justification for greater spending. In most cases, the distribution of program funding should either be converted to stables/ETH or denoted in UNI, as this type of justification works when markets are up but creates major DAO operational issues when markets go down.
We’d also like to see the DAO further its diligence around incentive programs, including KPIs to measure incentive performance, standards for matching partners, and delegating decision-making authority to a council of experts rather than DAO delegates.
Incentive Package for Sonic (Formerly Fantom) (Snapshot)
Vote: For
Gauntlet supports the proposal to fund incentives on Sonic including the $250K matching program.