[RFC] Metal L2: Bridging TradFi and DeFi Through Uniswap V3

[pepo]

I have voted AGAINST this proposal, you can read my rationale in my delegation thread:

@pepo

Proposal: [TEMP CHECK] Metal L2: Bridging TradFi and DeFi Through Uniswap V3

After reviewing the Metal DAO’s proposal and the feedback from other delegates, I am voting AGAINST the proposal.

Value Proposition:

• From Metal:
  • Uniswap deployment on Metal’s L2 (Superchain)
  • 250k MTL for Protocol Owned Liquidity in Uniswap V3
  • 250k MTL for incentives in Uniswap V3
• From Uniswap:
  • $250k for incentives in Uniswap V3
  • $20k for Merkl integration

Main Concerns:

• Lack of adoption

It’s always great to see opportunities to expand Uniswap’s reach and offer incentives on new, up-and-coming chains. But we also need to stick to the quality and values we want for the Uniswap ecosystem. Metal DAO has made a bold move asking for UNI incentives for their early chain launch. While I respect their enthusiasm to bring us onboard, there seems to be a lack of consideration in requesting incentives equivalent to their current TVL.

I’m open to revisiting a proposal from them in the future, but only if they can show some solid adoption and traction in the market first.