As it’s a proposal that got additional discussions, here’s StableLab’s voting and rationale on Uniswap Unleashed: Unichain and Uniswap v4 Liquidity Incentives
Voted: Yes
1. Service Provider Considerations
Role of the Service Provider, Specifically Gauntlet
After reviewing the discussions centered around the selection of Gauntlet as the Service Provider, we find that the Uniswap Foundation is within its rights to make such decisions independently. While the Uniswap DAO can challenge these choices and the Foundation’s alternative open process for service selection encourages transparency and alternative proposals from DAO members, Gauntlet’s track record in designing and managing incentive programs for DeFi protocols, such as Uniswap and Compound, supports their qualification. While there are concerns about the sustainability of some programs, Gauntlet’s contributions have often resulted in significant TVL growth in the reasonable timeframe, suggesting their involvement has been beneficial.
2. Unichain Incentive Evaluation
Effectiveness of the Unichain Incentive
The potential impact of the Unichain Incentive is another focal point. Despite the decline in TVLs post-incentive, optimization strategies from Gauntlet and Forse highlight opportunities for improvement. This incentive’s native nature could enhance its effectiveness, setting it apart from others. Examples like the rapid TVL growth of Katana DEX on Ronin, despite challenges, and dYdX’s sustained high volume post-incentive, illustrate the potential benefits of strategic incentives.
Suggestion
We strongly recommend the proposal to consider focusing on Unichain for v4 liquidity as we believe the focus should be having more TVL and growth for Unichain rather than potentially reducing the effectiveness by incentivizing V4 migration in all chains.
Conclusion
While there are aspects of the proposal that could be refined, we believe it presents a solid foundation for enhancing the Uniswap ecosystem. Therefore, we support the proposal at this time, recognizing the importance of ongoing evaluation and adaptation to maximize its effectiveness.