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.