Onchain - Unichain and Uniswap v4 Liquidity Incentives
Vote: Against
Reasoning: We maintain our original position and stand firmly against this funding proposal. Main concerns are excessive funding, lack of KPIs, and concerns about alignment.
Vote: Against
Reasoning: Similarly, we oppose this substantial allocation of incentives (specifically in regards to Unichain). Our position has strengthened due to the recent decline in TVL on zkSync, initially cited as an example of a projects benefiting from incentives. Following the cessation of zkIgnite incentives, zkSync’s TVL has significantly declined. The program started on January 6th with Zksync having approximately $120M in TVL, peaked at around $273M in early February, and has since fallen to roughly $100M - down 63% from the peak and approximately 17% below the pre incentive TVL. This example, among others detailed in our forum post, highlights the necessity of reevaluating the effectiveness of such incentives.