We have voted against the proposal in its current form. Specifically, we oppose the request for a blanket license exemption but we’re open to supporting funding Oku with $250k for V4 integration and $90k annually for Unichain maintenance.
The precedent set by granting a blanket “additional use” license to a private entity with independent business objectives is concerning. The original one-off license to the Uniswap Foundation made sense as it is a nonprofit entity that exists to serve the DAO and protocol’s interests. By contrast, granting Oku/GFX Labs the ability to deploy V4 to any chain introduces long-term governance and alignment risk.
While we believe Oku is a strong partner with a solid track record, this request crosses a line in terms of decentralization and control. We believe Oku/GFX should be able to work with the Foundation to utilize their blanket exemption as needed.
Development funding is reasonable but we would like to see Oku usage data
We support the funding request of $250k for V4 development and $90k annually for Unichain support. However, we echo the concerns raised by other delegates: Oku has not provided usage data for historical V3 integrations. The data available on their analytics page covers all uniswap v3 data, not Oku specific data.
Chain deployments alone don’t tell the full story. Before funding is released, we’d like to see the following metrics:
- Monthly active wallets and traders using Oku
- V3 swap volume via Oku frontend for all deployed chains
- LPs created or managed through Oku frontend
- TVL attributable to Oku’s interface
This data should be published quarterly moving forward.
Lastly, we have concerns around GFX’s decision to vote For on their own proposal. While not explicitly prohibited, proposers with a financial interest are expected to abstain. Considering the ask for a blanket v4 licensing exemption and the accompanying funding request, an Abstain vote would have signaled alignment with the Uniswap DAO.