Proposal: [RFC] Uniswap Unleashed: Unichain and Uniswap v4 Liquidity Incentives
Snapshot: link
After reviewing the Uniswap Foundation’s proposal on the governance forum and considering the feedback from other delegates, I am voting AGAINST the proposal.
Value Proposition
The $45M liquidity incentives package targets Unichain and Uniswap v4 to strategically enhance Uniswap’s competitive edge. The value lies in fueling Unichain’s Layer 2 adoption with cost-effective transactions and amplifying Uniswap v4’s capital-efficient features, such as dynamic fees and customizable hooks. This approach intends to draw liquidity providers and solidify both platforms as leaders in the DeFi trading space.
Main Concerns
While the proposal’s vision is compelling, my primary concerns revolve around the following issues:
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Unichain Incentives Lack Specificity and Alignment
- Unclear ownership and ROI for UNI stakeholders.
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Lack of Clarity on Operational Burden
- This proposal requests $45M in liquidity incentives but doesn’t clarify the operational burden of running this programs. I’ve spoken with Gauntlet and they confirmed there is a fee per “successful campaign”.
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Combined Proposal Structure Risks Oversights
- Bundling Unichain and Uniswap v4 incentives into a single proposal muddies the waters. While I favor the V4 incentives for their potential to enhance an already robust protocol, the uncertainties surrounding Unichain’s incentives and operations make it challenging to support the package as a whole. Separating these into distinct proposals would allow for more focused evaluation and refinement, ensuring each component is judged on its own merits rather than forcing a compromise vote.