Michigan Blockchain Delegate Platform

[michiganblockchain]

August Voting Update
[TEMP CHECK] Uniswap Onboarding Package - OKX Chain

• Llayer has very low TVL < 5M and Lots of it comes from the same wallet in each pool. Don’t believe the market is mature enough to start providing incentives for people to contribute to pools if it isn’t already naturally occuring.

[Temp Check] Forse Analytics for Uniswap Revitalization and Growth Program

• Split vote evenly between Arbitrum and Base. Originally planned on just voting for Arbitrum as it is the largest, most established L2 on the list and the analysis could be used as a benchmark for future incentive/growth programs. Being a much newer L2 with a lot of recent growth, we decided to add Base as well. Think it would be good to have this additional comparison to see how these programs drive adoption on newer platforms, since the point isn’t to limit deployment of Uniswap to only the oldest/most established L2s.

[TEMP CHECK]- Revised - Uniswap Onboarding Package - OKX Chain

• Originally voted against incentives. Missed vote here.

Onboarding Package for Gnosis Chain

• Reasoning stayed same as reasoning during temp check

@michiganblockchain

[Temp Check] Uniswap Onboarding Package - Gnosis Chain

• We voted for the $250k onboarding package for Uniswap on Gnosis Chain since we believe this amount represents a good starting point for incentives. This decision aligns with past onboarding packages for similar chains and takes into account that Gnosis Chain currently has a lower TVL compared to other networks that also received $250k in incentives.
• We view the $250k investment as a sufficient amount to bootstrap liquidity and gain significant market share with the current competition among DEXs. When moved to on chain vote we’d like to see how the $250k in incentives will be used.

Deploy Uniswap v3 on X Layer

• Voted in favor because we agree with subsidizing the Oku integration. Agree that incentives are not necessary at the moment and that Uniswap could gain dominance on X Layer by deploying while it has relatively low TVL. Unnecessary incentive spend was our main issue initially.

[REDO: Temp Check] Activate 2, 3, 4 bps fee tiers on Uniswap v3 on Base

• Voted in favor because it addresses uniswaps declining market share on Base. The new fee tiers could allow uniswap to compete more effectively against Aerodrome, plus the multiple tiers make the proposal flexible if competitors further change their fees.

[Temp Check] Uniswap Delegate Reward Initiative - Cycle 2

• Support Cycle 2 for Delegate Rewards and the expansion to 15 delegates. The extra slots and lower VP requirement incentivize smaller delegates to get and stay involved in governance, which we think is a huge benefit for the DAO in terms of increasing governance participation.