[RFC] - Uniswap Growth Program Trial

Thanks to the AlphaGrowth team for their consensus-driven approach to this proposal. There is no one currently doing the job they’re proposing, and done well, it is possible it might lead to growth in trading volume routed through the Uniswap Protocol’s various deployments.

I do want to flag a concern that I raised to the AlphaGrowth team and the other co-sponsors last month. Marketing the incentives described is not without material risk. In Uniswap Labs’ response to the SEC’s Wells Notice, they make the argument that “LP tokens are not securities” (page 33 of the document, which is actually page 36 of the PDF linked here). Whether you agree with that statement or not, it implies that in the notice Labs received, the SEC argued that they believe LP tokens are securities. Publicly marketing yields that are available on tokens that the SEC believes to be unregistered securities is a material risk that requires serious consideration.

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