zkSync Ignite
Uniswap has been accepted into the first season of zkSync’s Ignite program, an initiative that will allocate 100M ZK token across various DeFi protocols. There will be a total of 3 seasons, and each will have the same number of tokens up for grabs. Season 1 ends on March 31st.
The program operates on a bi-weekly cycle, where OpenBlock Labs, serving as the analytics manager, reviews protocols’ performance and recommends token allocations based on those data. These recommendations are subject to review by a five-member DeFi Steering Committee (DSC), which holds veto power over key decisions to ensure the program’s strategic alignment. We are communicating with their team to ensure this process is facilitated smoothly.
Example metrics for further incentivization include (subject to change over time):
- TVL / $ of incentive spend
- Competitiveness of incentive APR and total APR against comparable pools in the ZK ecosystem and outside
- Fee generation
Correspondingly, each cycle may have different allocation sizes and pools.
A total of 15 protocols received allocations for this cycle. Below are the selected pools for the next two weeks. You may view Uniswap’s Ignite dashboard here.
| Description | Address | ZK Allocation |
|---|---|---|
| USDC/USDC.e v3 0.01% | 0x23c77a553aac0ad009441c856c05d117c1131e3d | 23,010.45 |
| USDC/ETH v3 0.3% | 0xeecb86c38c4667b46487255f41c6904df3d76f8f | 11,868.77 |
| USDC.e/ZK v3 0.3% | 0xa0769a3c6af68812bb3a5cbd511f7879033440eb | 87,111.54 |
| ZK/ETH v3 0.3% | 0x3d7264539e6e3f596bb485e3091f3ae02ad01ef8 | 176,255.94 |
As Uniswap is allocated more incentives, we will update this present thread. After two cycles, we plan on working with the UAC to see if it’s worthwhile to co-incentivize this program as it will increase APRs, leading to further matching by the Ignite team.