[TEMP CHECK] Uniswap DAO Principles
Summary: A set of principles were proposed for the Uniswap DAO to review and agree to.
Recommendation: GFX Labs informally abstained from voting. We are generally opposed to social governance. Without the governance mechanism being onchain, it holds little hard value. Of course, there can be some social and coordinating value, but we didn’t see a reason to sign on to this proposal.
[Temp Check] - Adopt The SEAL Safe Harbor Agreement
Summary: A proposal to provide liability protection to a white hat hacker group.
Recommendation: We chose to vote Abstain out of an abundance of caution. The agreement itself contains language that attempts to bind users, who are not party to this agreement. Additionally, it appears to require those voting in favor of it to waive their own legal right to legal recourse.
More broadly, this agreement presents a case where governance is proactively agreeing, in writing, to be classified as a legal person, which we do not necessarily agree with, and do not wish to endorse, since that could have unintended consequences.
We believe this agreement is done with the best of intentions, and to fill a gap in the existing bug bounty, but will withhold an affirmative endorsement of this agreement.
[TEMP CHECK] Scale Uniswap Liquidity on Celo
Summary: Celo is requesting $250K in UNI + $105K for Oku and will be committing $500K in Celo incentives in addition to having already allocated $730K in CELO.
Recommendation: GFX Labs is in Favor of Celo’s request. Celo has done a great job scaling its Uniswap deployment and has a unique niche in foreign stablecoin. Additionally, their user base is interested in having a more professional interface to enable and enhance further FX trading and liquidity management.
[TEMP CHECK] Metal L2: Bridging TradFi and DeFi Through Uniswap V3
Summary: Metal requests $250K from the DAO and will match it with 250K MTL tokens. Regardless, Metal will be deploying an additional 250k MTL to the new deployment and they have already contracted GFX Labs to deploy Oku.
Recommendation: GFX Labs is in favor of this proposal. Metal is one of the oldest projects in the space and has done a great job building a popular product and growing user base. Uniswap has the unique opportunity to be the first major DEX on their Superchain L2 before Aerodrome stakes their claim.
Discretionary Budget from UAC for Co-Incentive Campaigns
Summary: AlphaGrowth is requesting access to additional funds so they can structure incentive-matching deals faster than the DAO will approve them.
Recommendation: GFX Labs is in Favor of this proposal. However, we encourage delegates to monitor the allocation of funds and performance to ensure good practices. Overall, the DAO
will benefit from more active management, and in order to do that, we need to delegate responsibility.
Incentive Package for Sonic (Formerly Fantom)
Summary: Sonic is requesting $250k for the DAO, which they will match with $500k, and they have already contracted Oku to deploy on Sonic.
Recommendation: GFX Labs is in favor of the proposal. Sonic’s offer to double the incentives match is generous.
Onchain Scale Uniswap Liquidity on Celo
Summary: Celo is requesting $250K in UNI + $105K for Oku and will be committing $500K in Celo incentives in addition to having already allocated $730K in CELO.
Recommendation: GFX Labs is in Favor of Celo’s request. Celo has done a great job scaling its Uniswap deployment and has a unique niche in foreign stablecoin. Additionally, their user base is interested in having a more professional interface to enable and enhance further FX trading and liquidity management.
Onchain Incentive Package for Sonic
Summary: Sonic is requesting $250k for the DAO, which they will match with $500k, and they have already contracted Oku to deploy on Sonic.
Recommendation: GFX Labs is in favor of the proposal. Sonic’s offer to double the incentives match is generous.