Onboarding Package for Lisk

[Lisk]

TLDR: This proposal adds Lisk to the v3 deployments record and grants Lisk an Onboarding Package, which includes $250k of UNI incentives for three months on three key markets and Angle Merkl’s integration of Lisk. Lisk will match Uniswap’s incentives 1-for-1. Additionally, Lisk is committed to locking $1 million of protocol-owned liquidity (POL) for one year in exchange for $125k in additional UNI rewards, bringing the total UNI incentives to $375k matched by $250k in LSK incentives and $1 million POL locked for a full year. Separate from this proposal, Lisk has arranged for Oku to support Lisk, and the contracts have been deployed.

About Lisk

Lisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk’s founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain.

Learn more about Lisk: Link

Today, Lisk’s total value locked is ~$150 million, which makes it the sixteenth largest chain Layer 2 by TVL, according to L2beats. Having launched its Developer Mainnet in June and with the Public Mainnet scheduled for Q4, the Lisk DeFi ecosystem is very much in its infancy.

Roll Out Plan

With Lisk still in its early stages, Uniswap has the opportunity to grab the majority of its market share without spending much capital. We propose directing the requested UNI incentives to the following markets:

1. USDC/USDT 0.05% - 42.5%
2. WETH/USDT 0.30% - 42.5%
3. LSK/ETH 0.30% - 15%

Oku has already completed integrating the contracts with its infrastructure. If the proposal passes, we will coordinate with the Lisk team, Angle Merkl, and the Accountability Committee to set up the incentives as soon as possible. As of now, we’re shooting to be live the week of October 14th. In the meantime, anyone from the ecosystem who would like the contract details can find them below, or if they want access to the staging deployment for Lisk on Oku, they can contact the Oku team.

Deployment Details

GFX Labs deployed the standard Uniswap v3 contracts and the associated peripheral contracts on Lisk. The crosschain account handles the deployment’s ownership via Lisk’s messaging system.

• v3CoreFactoryAddress: 0x0d922Fb1Bc191F64970ac40376643808b4B74Df9
• multicall2Address: 0xE3dbcD53f4Ce1b06Ab200f4912BD35672e68f1FA
• proxyAdminAddress: 0x454050C4c9190390981Ac4b8d5AFcd7aC65eEffa
• tickLensAddress: 0x38EB9e62ABe4d3F70C0e161971F29593b8aE29FF
• nftDescriptorLibraryAddressV1_3_0: 0x743E03cceB4af2efA3CC76838f6E8B50B63F184c
• nonfungibleTokenPositionDescriptorAddressV1_3_0: 0x8B3c541c30f9b29560f56B9E44b59718916B69EF
• descriptorProxyAddress: 0x6Aa54a43d7eEF5b239a18eed3Af4877f46522BCA
• nonfungibleTokenPositionManagerAddress: 0x5911cB3633e764939edc2d92b7e1ad375Bb57649
• v3MigratorAddress: 0xaa52bB8110fE38D0d2d2AF0B85C3A3eE622CA455
• v3StakerAddress: 0xdD489C75be1039ec7d843A6aC2Fd658350B067Cf
• quoterV2Address: 0x738fD6d10bCc05c230388B4027CAd37f82fe2AF2
• swapRouter02: 0x1b35fbA9357fD9bda7ed0429C8BbAbe1e8CC88fc
• Permit2: 0xB952578f3520EE8Ea45b7914994dcf4702cEe578
• Universal Router: 0x447B8E40B0CdA8e55F405C86bC635D02d0540aB8
• Limit order registry: 0x352A86168e6988A1aDF9A15Cb00017AAd3B67155
• Crosschain account: 0x81dE30A9a2816F95f2EE8DF62bafC45a095d57b2

Cost

• $375k in UNI for three months of incentives
• €20k for Angle Merkl

Two things are worth noting. First, Lisk will match Uniswap’s incentives 1-for-1. Second, Oku is not included in the costs of this proposal because Lisk already arranged for Oku to deploy and integrate the Uniswap v3 contracts.

Timeline

Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended during the process as more time is required.

• Contracts deployed (completed)
• Request for Comment (RFC) ends October 6th
• Temperature check October 7th-11th
• The onchain vote review period starts on October 12th
• Onchain voting opens on October 14th

[SEEDGov]

Hi, thanks for the proposal!

I can’t find Lisk on DefiLlama to corroborate the TVL and history data. Can you provide us with a reliable source to corroborate this data?

Recently the DAO voted to deploy Uniswap on X Layer, a L2 without large TVL, who initially asked the DAO to allocate incentives and after the feedback received has decided to reformulate the proposal without requiring upfront incentives from Uniswap and committing to allocate incentives of their own. We share this precedent, which may be useful for this case.

[AbdullahUmar]

It’s worth delegates to consider giving out further incentives in the short-term prior to a retrospective analysis of the previous incentive campaigns. The only new incentive package approved after the first half of this year was the Gnosis Chain onboarding. Redstone did not get approval for incentives, nor did X Layer. However, Redstone did not match incentives. X Layer did not match incentives, but they committed $1M of liquidity for a minimum of 6 months–but asked the DAO for $105k for the Oku integration.

The total cost to the DAO for X Layer was therefore $105k. If this Lisk deployment is approved, the DAO will have to pay ~$272k (Incentives + merkl costs), even though they covered the $105k for Oku. Since Lisk is also matching, out of their pocket the cost is $355k (Oku + Matching). So, the net result for Uniswap is +$83k in terms of costs (this is one way to perceive it).

[Lisk]

Hi @SEEDGov, thank you for engaging with our proposal.

We are currently working with DefiLlama to have Lisk listed on their platform. In the meantime, I would suggest checking L2Beat for reliable TVL data on Lisk. Since its launch in 2016, Lisk has built a strong track record, with detailed historical and market data available on CoinGecko.

I hope this helps, and we appreciate your feedback!

[Doo_StableLab]

Just want to caveat that most of TVL is just its own token so in reality, it will be much more difficult as pools

[Lisk]

Hey @Doo_StableLab,

You raise a valid point. It’s true that much of the current TVL is comprised of the protocol’s native token. However, it’s worth noting that the Lisk DeFi ecosystem is still in its early stages, having recently transitioned from an L1 to an L2. With the Developer Mainnet launching in June and the Public Mainnet launch set for Q4, we’re just getting started.

This transition brings both challenges and exciting opportunities. We’re fully aware of the hurdles but are confident in our ability to overcome them. This presents a unique opportunity for Oku to establish itself as the main liquidity hub within the growing Lisk ecosystem.

I’ll leave you with current Oku Analytics for Lisk:

[Lisk]

In addition to the proposed $250k in matching incentives, Lisk is also ready to lock protocol-owned liquidity (POL) to further enhance long-term sustainability and strategic alignment. Specifically, we propose locking $1 million of POL for a minimum duration of one year, in exchange for an additional $125k in UNI rewards.

This adjustment brings the total UNI incentives to $375k, matched by $250k in LSK incentives, alongside the $1 million POL locked for a full year.

The original forum post has been updated to reflect this revised proposal.

[Tane]

Hi @Lisk! Thank you for your proposal to further expand the Uniswap usage to the new Superchain!

We have one question around the incentives for POL (Protocol-Owned Liquidity). While we understand the original $250k UNI incentives will match 1-for-1 from Lisk, how does the $1M locked POL work with an additional $125k UNI incentives? Will the additional UNI be used for the POL directly so that it wouldn’t be an incentive for LP users?

[AbdullahUmar]

Uni DAO does not administer a POL program—yet. The additional $125k in UNI will simply act as more incentives. So just think of the package as $375k worth of UNI incentives. All the POL will be from Lisk.

[Lisk]

Thank you all for your interest and contributions so far ! The Temperature Check is now live, cast your vote !

[_JoJo]

hello @Lisk I voted for but i have a question.
Was lurking in your portal, and for now either through across or superbridge or the gelato bridge or relay i only see the ability to bridge usdt but not usdc.

Is there any plan / specific date in which we will see the support of usdc on your chain?

[SEEDGov]

We support this proposal, you can read our rationale in our delegation thread.

@SEEDGov

Proposal: [TEMP CHECK] - Onboarding Package for Lisk (Snapshot)

Vote: For

Rationale: We support this proposal as we find it reasonable and beneficial that in exchange for $375 of incentives to be provided by Uniswap, Lisk commits to match $250k in LSK incentives and to lock an additional $1m for 1 year. We also point out that the Oku deployment has already been arranged and therefore this proposal does not include the costs associated with it.

Finally, we highlight that Lisk is on the Optimism Foundation’s whitelist to be part of the superchain, so it is an opportunity for Uniswap to continue to increase its presence in networks that will be part of that ecosystem.

[Zeebradoom]

$375k in UNI for a chain, where previously Oku asked for just $105k, and TVL is all in Uniswap https://defillama.com/chain/Lisk
Not sure if the incentives will drive additional users to Uniswap, since Uniswap is already used by literally 100% of Lisk users. Uniswap has earned $159 from Lisk. Asking 375k seems overkill.

[Lisk]

Thanks for your support @_JoJo !

We’re actively working on USDC deployment and finalizing contract validation with Circle. We’ll provide a deployment date as soon as we have it.

[Lisk]

Hey @Zeebradoom

Lisk’s DeFi ecosystem is about to expand in a big way. With our Public User Launch next month, you’ll see major protocols like Velodrome, Ionic and more coming to life on Lisk. These developments will drive a more diverse DeFi landscape, opening up new opportunities for users and LPs.

Our goal is to firmly position Lisk as a leading chain in the OP Superchain ecosystem, alongside established players like Optimism, Base, and Mode.

Stay tuned for exciting updates!

[GFXlabs]

The Lisk Temperature Check vote on Snapshot ends tomorrow, and the vote currently stands at 17M For and 15M Against.

Firstly, we would like to credit the Lisk team for putting forth a dual incentives and liquidity proposal. Historically, the DAO has approved proposals for major chain launches without matching incentives or liquidity commitments. In more recent times, we’ve seen chains offer to match Uniswap’s token incentives like Manta, and we’ve seen proposals like SEI that make certain liquidity guarantees. The Lisk proposal here is the first to offer meaningful token incentives and make liquidity guarantees.

We appreciate that some of the delegates voting against this proposal are concerned by the size and activity of the newly launched chain. While that is a fair concern, a core goal of the Uniswap Revitalization and Growth program is to bet on new chains and secure Uniswap a strong market position early on before the chain scales.

Uniswap has the unique opportunity to be the core DEX protocol on Lisk, and the incentives in this proposal will not only help attract the first tranche of liquidity to the deployment but also signal to the Lisk team that Uniswap is interested in being the primary DEX on Lisk.

Without this proposal passing, Velodrome, which will soon launch on Lisk, will likely secure the primary DEX position on Lisk.

Lastly, if delegates want to see a great example of Uniswap v3 making an early bet on a chain and taking time to mature, look at what the Celo team has accomplished.

[kaereste]

The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.

We’re voting FOR this proposal.

First of all, as we’ve said in the past we’re generally supportive of having at least 1 canonical deployment per Ethereum L2. Although Lisk’s TVL isn’t as big as some of the other chains we’ve deployed incentives in the past, the proposition they’ve made is worthy of considering.

Contrary to the latest onboarding package proposals, Lisk has offered to match the incentives 1-to-1 while also committing $1M worth of POL for a year. Additionally, Lisk has demonstrated an eagerness to bootstrap the deployment by having paid for the Oku deployment out of pocket, while other onboarding package proposals have also requested for that cost to be covered.

With the above in mind, we’re willing to vote in favor of deploying the incentive package on Lisk, with the additional $125,000 for the locked POL.

[snowdot]

Gm, gm!

The results are in for the [TEMP CHECK] - Onboarding Package for Lisk off-chain proposal.

See how the community voted and more Uniswap stats: https://dhive.io/proposal/1406