[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.