Wintermute Delegate Platform

Delegation Pitch
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Wintermute Delegate Platform

Contact & Delegation Address Information

Delegate Address: 0xB933AEe47C438f22DE0747D57fc239FE37878Dd1

Delegate ENS Address: wintermutegovernance.eth

Forum Username: Wintermute, Callen_Wintermute

Email: governance@wintermute.com

Website: https://www.wintermute.com/

Twitter: https://twitter.com/wintermute_t

Our Voting Activity: Boardroom

Our Discussion Activity: https://gov.uniswap.org/u/wintermutegovernance/activity

Hi Uniswap Community!

We are excited to begin supporting Uniswap at our fullest capacity, offering a unique delegate experience for the community and stakeholders. As a user and longtime supporter of Uniswap, we are committed to helping the protocol’s decentralization and multi-chain growth.

Specifically, our focus will be on:

  • Ensuring the safe deployment of V3 across multiple chains, ensuring target chains are net beneficial to the protocol and token holders.
  • Researching and putting forward proposals to address potential areas of improvement such as governance participation, governance processes, growth, grants, etc.
  • Provide input and recommendations regarding protocol parameters from a trading and LP perspective.
  • Streaming important votes and proposals and their impact across our institutional and corporate channels.

Introduction

Wintermute is a leading crypto-native algorithmic trading firm, specializing in creating efficient markets across centralized and decentralized exchanges. Wintermute was founded in July 2017 by three Optiver veterans. Evgeny Gaevoy, founder and CEO, was previously head of ETFs (screen and OTC) at Optiver Europe, one of the largest ETF market-making desks. Since our inception, we have traded over $2.85T and expanded our presence across 80+ (de)centralized exchanges and various (non)EVM chains, continuously supporting and providing liquidity throughout the ecosystem for our partners and their communities.

Alongside our trading arm is Wintermute Ventures, which enables us to support projects where we know we can be true value-adding, develop a partnership and help influence a positive outcome. Importantly, we do not target large ownership stakes; decentralized ownership is an important prerequisite to transitioning to a robust future.

Why us

We believe that a decentralized world needs robust and progressive governance systems. Our goal is to support DAOs along their journey towards such a state through objective, long-term value-add decision-making.

Alongside active governance participation, Wintermute’s goal is to support Uniswap’s growth in a sustainable and robust manner, providing research when needed and proactively creating proposals to address areas of improvement (e.g. dYdX LP Reward Restructure). We’ll also happily leverage our internal infrastructure from both our trading and venture arms to support the DAO in areas such as simple treasury maintenance, to bespoke cross-chain liquidity management.

Outside of Uniswap, we’re contributors to Aave, dYdX, Index Coop, and 1inch. We intend to expand our presence across many more DAOs in the near future.

Our Core Values:

Long-term value creation over short-term opportunism.

For example, we do not support short-term rent-seeking token distribution programs; or the redistribution of tokens that carry no positive second-order effects.

In contrast, we do support and encourage purpose-driven mechanisms that incentivize positive behaviour and are value-maximizing; or that improve alignment between token holders and the protocol.

Transparency, alignment, and proactivity.

We are proactive in providing clear and consistent reasoning behind our decision-making and proposals, ensuring the protocol’s sustainability is at the heart of all governance discussions.

Objective data-driven decision-making.

We use data and research to ensure our final decision is objectively value-accretive for the protocol.

We look forward to actively contributing to Uniswap alongside fellow delegates and thank all future delegators who choose to support Wintermute and the greater decentralization of Uniswap!

Interested in delegating to us without paying for gas? Here’s how:

  1. Head to https://uni.vote/ and connect your wallet.
  2. Once connected, scroll to the bottom of the page and enter our Ethereum address 0xB933AEe47C438f22DE0747D57fc239FE37878Dd1 and click “Delegate”.

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  1. Lastly, click “Sign” on your wallet application pop-up!
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[Temperature Check] Enable 1bp Fee Tier for UniswapV3 on Arbitrum

Vote: Yes
Summary: With a thriving Arbitrum ecosystem, it’s important for Uniswap to capitalize and remain competitive on stablecoin swaps. Enabling the 1bp fee tier is a no-brainer in achieving this as illustrated on other EVM chains.

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Temperature Check: Create Accountability Committee
Vote: Jun Sun (Penn Blockchain)
Summary: From our observations and experience dealing with Penn Blockchain (incl. Jun Sun) across multiple ecosystems, we are confident in his ability to provide significant value to the Partnerships & Accountability Committee.

[Temperature Check] Deploy Uniswap v3 on Avalanche + On chain vote
Vote: Yes
Summary: We have supported both the temperature check and on-chain vote to deploy Uniswap V3 on Avalanche. The urgency surrounding the expiry of the V3 BSL should not be understated. While we also understand the caution in the community regarding bridge providers, we believe LayerZero (the heavily supported alternative to the Binance Chain deployment) poses no significant risk to the protocol.

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[Temperature Check] Deploy Uniswap v3 on Moonbeam (2023)
Vote: Yes
Summary: After the BSL expiration, it is essential to continue deploying Uniswap v3 on new chains. We support this proposal.

5

Create v3deployments.uniswap.eth subdomain and populate its text fields
Vote: Yes
Summary: There is a need to create a registry of canonical deployments of Uniswap v3, so we support this proposal.

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Proposal: [Temperature Check] Deploy Uniswap v3 on Base
Vote: Yes
Summary: We support the deployment of Uniswap V3 on Base. We are very supportive of Uniswap’s multi-chain vision and expect Base to generate substantial TVL and on-chain activity. Ensuring Uniswap is ready for Base’s mainnet will be critical for capturing market share.

Proposal: Temperature Check - Uniswap V3 Deployment to Fantom
Vote: Yes
Summary: We shared our concerns in the forum about Fantom’s significant exposure to Multichain assets and the potential for Uniswap LPs to get hurt. Given this is only a temperature check, we are voting yes to progress further. However, we would like to wait for more clarity surrounding Multichain before proceeding further.

Proposal: Making Protocol Fees Operational: Fee options for V3
Vote: 1/5
Summary: A 20:80 fee split between the DAO:LPs should be sufficient to test the effects of activating the protocol fee. However, given the sheer amount of volume that comes through Uniswap we could see the fee split to the DAO being reduced in the future. We must also remain proactive in protecting Uniswap supply side.

Proposal: Making Protocol Fees Operational: Initial deployment chain
Vote: Polygon
Summary: Polygon has enough volume for this initial test to be informative and is not too large that any adverse effects should materially change Uniswaps position in DEX volume market share.

Proposal: Deploy UniswapV3 on Linea
Vote: Yes
Summary: We supportive Uniswap V3’s deployment on Linea. ConsenSys has built a widely used suite of tools that present a good opportunity for establishing development and activity on Linea. Specifically, capturing the first mover advantage in integrating with MM swaps could be significant for Uniswap.

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Introducing WinterGov - A Delegate’s Tool for Governance

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WinterGov is a Dune dashboard that allows anyone to keep track of live proposals they have not yet voted for. For delegates, it’s a great tool to make sure they’re not missing votes and therefore, maintaining a high participation rate.

https://dune.com/wintermuteresearch/wintergov

Simply enter your address, click run, and the dashboard will load all live proposals that require voting and tell you how much time you have left.

Click on the proposal ID and you’ll be taken to the voting page.

It’ll also show your current delegated voting power on the RHS.

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The dashboard also displays your recent voting activity along with their outcomes, and voting turnout.

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You can also track your on-chain voting participation rate from the beginning of the DAO and from when you began voting.

The rolling 6-month on-chain participation rate is useful to track your recent performance and identify DAOs where you need to pay more attention to.

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Lastly, you can view a list of your delegators and the amount of voting power they have delegated along with your overall distribution of delegated voting power.

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WinterGov currently supports Aave, dYdX, Compound, Uniswap, ENS, and Gitcoin!

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This is awesome, thanks @WintermuteGovernance! Particularly like the granular view of delagators.

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1. Uniswap v3 on Base
Vote: For
Summary: We support the deployment of Uniswap V3 on Base as part of Uniswap’s multichain growth efforts. Base’s Testnet has seen great activity and overall, we expect there to be a lot of activity once mainnet is launched.

2. Deploy Uniswap V3 on Linea
Vote: For
Summary: We support the deployment of Uniswap V3 on Linea as part of Uniswap’s multichain growth efforts. The synergy of ConsenSys’ products provides a great opportunity for the onboarding of developers and users. Furthermore, gaining market share at inception will be super important in capturing MM swap market share.

3. ARB Distribution Proposal Poll
Vote: Combined Liquidity Incentives
Summary: The combined liquidity incentive RFP provides a combination of important research and development articles for the Uniswap DAO. We look forward to retroactive analysis and findings of the program.

Disclaimer: Wintermute is an investor in Angle Protocol.

4. [Temperature Check] Migrate the Celo Uniswap V3 Factory Contract owner from Optics to Wormhole
Vote: Yes
Summary: We support the amendment of the Celo deployment for Uniswap V3 to pivot to an approved Uniswap governance bridge.

5. [Temperature Check] Deploy Uniswap V3 on Scroll
Vote: Yes
Summary: We support the deployment of Uniswap V3 on Scroll as part of Uniswap’s multichain growth efforts. Continuing to gain market share on new L2s and cater to gas-sensitive and new users is important for the DAO.

6. [Temperature Check] - Deploy Uniswap V2 on all chains with V3
Vote: Yes - Deploy V2
Summary: We completely agree that there is a need for unifying V2 and V3 deployments across chains. Having recognised canonical deployments of V2 will help protect users from malicious deployments and it’ll help create some stability in the DEX ecosystem on certain chains.

7. [Temperature Check] Deploy Friendly Fork of Uniswap V3; ZERO Protocol on Polygon zkEVM
Vote: Yes
Summary: While we don’t think there would be informative R&D conclusions on the protocol side due to very different incentive mechanisms, we believe there is a benefit to the DAO exploring friendly forks.

1 Like