Introduction
We request that the Uniswap DAO authorise the canonical deployment of Uniswap v3 on Plasma and designate the DAO-approved cross-chain governance messenger for Plasma. Plasma is an EVM-compatible, layer 1 chain purpose-built for stablecoin payments. It launches with deep USD₮ liquidity, blue-chip assets, and committed incentives to make Uniswap a leading exchange for USD₮ markets on Plasma. We request $250K in UNI from the UAC’s discretionary fund, which we will aim to match with up to $5M in incentives.
What the DAO is being asked to approve
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Canonical deployment of Uniswap v3 Core and Periphery on Plasma using the DAO-approved parameters and addresses.
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The Uniswap Growth Program will assist in the coordination of Uniswap-based incentives and align objectives using Merkl. Plasma requests $250K from the UAC’s discretionary fund for the first six months.
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Use of the DAO’s selected cross-chain governance bridge for administration on Plasma.
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Recognition of Uniswap v3 on Plasma as a canonical deployment for routing and front-end integrations.
What Plasma commits
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Dedicated market incentives of up to 5 million dollars, dedicated to Uniswap LPs.
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Co-marketing, integrations, and ecosystem support to make Uniswap the deepest and most used DEX on Plasma from day one.
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Zero protocol modifications. No custom fees or changes to Uniswap logic.
Why Plasma
Plasma is a purpose-built blockchain for stablecoin payments. We will introduce protocol-level optimisations for stablecoins, including gasless USD₮ transfers, custom gas tokens to improve the user experience, and optional private, compliance-friendly transactions. We also focus heavily on distribution in markets where stablecoins are a lifeline, particularly in emerging economies. These markets already use USD₮, BTC, and ETH at scale, making them the most direct path to bring billions of people onchain.
Plasma has secured backing from major institutions and world-class investors, including Bitfinex, USD₮0, Framework, Founders Fund. We pioneered an innovative go-to-market that drove $1B in stablecoin TVL to our deposit campaign in just over 30 minutes. Our community-first public sale, offering 10% of the XPL supply at a $500M fully diluted valuation, concluded with $373M in commitments, marking an historic 7x oversubscription.
We are working closely with leading companies in the industry, including Aave and Ethena, and most recently Binance for our Earn campaign and onchain USD₮ yield product. As the largest Binance Earn campaign in the exchange’s history, a further $1B was committed to Plasma to be deployed onchain at mainnet beta.
Plasma is launching its mainnet beta with exceptional support from blue-chip DeFi companies. The only missing piece is Uniswap. The $2B in USD₮ liquidity committed for launch will be utilised across our DeFi ecosystem, and we want Uniswap, as the most widely recognised and used DEX, to capture this flow and become core infrastructure on Plasma.
How Uniswap wins on Plasma
With a supply of $170B, USD₮ is the largest stablecoin and the dominant asset for real-world usage. Plasma is built to make USD₮ the core settlement asset for our DeFi stack and for everyday users. Uniswap stands to capture that flow. From launch, incentives and integrations concentrate liquidity in the flagship USD₮ pairs that drive a stablecoin-first economy, including USD₮ with ETH, BTC, XPL, and strategic partner assets. Payment-driven usage produces steady, high-quality order flow and consistent fee generation for LPs.
A second advantage is cost of capital. Plasma’s partners are aligned to deliver a low USD₮ borrow rate, which amplifies Uniswap activity across money markets, perps, and options that build upon USD₮. Given that many of these protocols are already composable with Uniswap elsewhere, integration overhead is minimal. The result is faster penetration of Plasma’s onchain financial markets and a deeper moat around Uniswap liquidity.
Finally, Plasma will list unique assets that benefit from Uniswap’s concentrated liquidity design. Projects such as Axis, Uranium Digital, and Daylight intend to route trading through the DAO-approved Uniswap v3 backend, accessible via a Plasma-hosted front end. Deep liquidity in these pools is a priority so that lending liquidations, reliable price feeds, and orderly markets function as intended. This ensures Uniswap is the venue that underpins critical market infrastructure across the chain.
Summary
Uniswap has always won by meeting users where liquidity and real demand converge. Plasma supplies both at launch, with distribution in markets where stablecoins already function as money, committed USD₮ depth, and a path to payment-sourced order flow at global scale. A canonical Uniswap v3 deployment on Plasma, administered through the DAO’s standard governance messenger and left unmodified, turns that foundation into better execution, sustained LP fees, and a defensible position in USD₮ markets.
Incentives
Direct XPL Incentives (6-Month Program)
To demonstrate broader alignment and help to bootstrap its ecosystem, Plasma will provide up to $5M in direct incentives to the following day one pools, organized by size:
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XPL/USD₮0 - 70% of incentives
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ETH/USD₮0 - 10% of incentives
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weETH/USD₮0 - 10% of incentives
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XAUT/USD₮0 - 10% of incentives
Plasma will aim to keep a portion (25%) of protocol-allocated XPL in reserve to help bootstrap ecosystem-native assets such as Axis, Daylight, Uranium Digital and other unannounced issuers. Plasma aims to distribute on an accelerated timeline to ensure alignment with the wider 6 month schedule. Confirmed pools include:
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daylightUSD/USD₮0
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daylightUSD/XPL
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USDx/USD₮0
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USDx/XPL
Direct UNI Incentives (6-Month Program):
Plasma requests $250K over 6 months in UNI incentives to target 4 key Uniswap v3 pools, arranged by size of requested incentive allocation:
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XPL/USD₮0 - 70% of incentives
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ETH/USD₮0 - 10% of incentives
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weETH/USD₮0 - 10% of incentives
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XAUT/USD₮0 - 10% of incentives
These pools were selected to boost Uniswap competitiveness on Plasma, and the funds are being requested from the Uniswap Accountability Committee’s discretionary budget, granted by a unanimous UAC approval.
After direct discussion, the UAC will confirm on their end if this discretionary request is approved on the present forum post. A primary motivation for requesting discretionary funds is timing. Plasma will be allocating incentives on day-one, and we would like to proceed with the UNI incentives as soon as possible to deliver the best results. Mainnet is intended to go live in the coming weeks.
The above pools are selected for the following reasons:
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XPL is the native token of the Plasma network paired with USD₮, the leading stablecoin. We expect this pair to see major volume on Uniswap, hence requiring the largest share of incentives. This pair will be the major focus of XPL incentives, in addition to UNI.
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Ethereum will be used in lending markets, so focusing on this pair will grow Uniswap’s presence on Plasma through serving liquidators.
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In a similar vein, EtherFi ETH will also be present, bringing value to Uniswap’s early positioning for liquidity on this asset.
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Finally, Plasma aims to successfully integrate XAU₮0, Tether Gold, into our DeFi ecosystem. Incentives for this asset at an early stage will put Uniswap ahead of other trading venues, potentially paying for themselves through fees as volumes scale in line with the asset itself.
These pools will be live immediately upon chain launch and will be matched by Plasma’s own incentive program. Rather than bridge them back and forth from mainnet, the UNI tokens will be claimable on mainnet at the same address used on Plasma.
Plasma will aim to distribute a minimum of $500K in incentives per month (based on the $3M lower bound over 6 months, subject to XPL price). As a contingency to maximise value for Uniswap DAO, if the monthly allocation falls below $500K, Uniswap will not provide matching for that month. For months meeting or exceeding $500K, Uniswap will allocate its portion of $41.6K. These distributions will be handled through Merkl.
Deployment Details
Proposer: Plasma
Deployer: GFX Labs
Bridge Provider: Wormhole
Target Chain: Plasma
Bridges:
Plasma’s canonical interoperability solution is LayerZero, alongside Stargate as our canonical bridge. Additional bridges include Across, USD₮0’s bridge, and deBridge.
Beyond the stated asset bridges, the GFX Labs team will enable Wormhole-based governance message passing, as is the case with other EVM-compatible, layer 1 blockchains.
Frontend:
Uniswap V3 will be accessible on Plasma’s website directly upon launch of our mainnet beta, along with support on the Oku Trade frontend.
Contracts:
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v3CoreFactoryAddress: 0xcb2436774C3e191c85056d248EF4260ce5f27A9D
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multicall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435
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proxyAdminAddress: 0x0d922Fb1Bc191F64970ac40376643808b4B74Df9
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tickLensAddress: 0xB3309C48F8407651D918ca3Da4C45DE40109E641
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nftDescriptorLibraryAddressV1_3_0: 0xE3dbcD53f4Ce1b06Ab200f4912BD35672e68f1FA
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nonfungibleTokenPositionDescriptorAddressV1_3_0: 0x454050C4c9190390981Ac4b8d5AFcd7aC65eEffa
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descriptorProxyAddress: 0x38EB9e62ABe4d3F70C0e161971F29593b8aE29FF
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nonfungibleTokenPositionManagerAddress: 0x743E03cceB4af2efA3CC76838f6E8B50B63F184c
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v3MigratorAddress: 0x8B3c541c30f9b29560f56B9E44b59718916B69EF
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v3StakerAddress: 0x5911cB3633e764939edc2d92b7e1ad375Bb57649
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quoterV2Address: 0xaa52bB8110fE38D0d2d2AF0B85C3A3eE622CA455
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swapRouter02: 0x807F4E281B7A3B324825C64ca53c69F0b418dE40
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UnsupportedProtocol: 0x738fD6d10bCc05c230388B4027CAd37f82fe2AF2
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UniversalRouter: 0x1b35fbA9357fD9bda7ed0429C8BbAbe1e8CC88fc
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LimitOrderRegistry*: 0x9db70E29712Cc8Af10c2B597BaDA6784544FF407
The above contracts have been verified and ownership transfer to Uniswap DAO has also been completed.