General rationale regarding our Uniswap Revitalization and Growth votes:
Our votes were a function of a chain’s activity, competitor landscape, and future growth prospects. We also aired on the side of the program’s lower bound for the growth package, given most chains are rather new and this is the first instance of a program like this. For us, it makes more sense to start with a lower amount and assess the effects of this program after its completion to inform future decisions. Doing it this way allows the DAO to limit the amount of waste (if any) of tokens spent.
[Temp] Uni Onboarding Package - Linea
Vote: $250k
Summary: Linea has attracted solid activity and TVL. There is a decent monthly DEX volume, however, the competition still looks rather soft.
[Temp] Uni Onboarding Package - Scroll
Vote: $250k
Summary: There has been a nice pickup in DEX volume over the past couple of months, however, volumes are still moderate and competitor TVL remains rather low.
[Temp] Uni Onboarding Package - Polygon zkEVM
Vote: $250k
Summary: Overall chain volume and competitor TVL remain rather low.
[Temp] Uni Onboarding Package - zkSync
Vote: $500k
Summary: zkSync continues to see strong daily DEX trading volumes with competitors retaining meaningful TVL.
[Temp] Uni Onboarding Package - Blast
Vote: $500k
Summary: Blast has gained a lot of mindshare and developer interest given their Big Bang initiative. We expect competition to be strong at launch and therefore, support a higher growth package.
[Temp] Uni Onboarding Package - Base
Vote: $500k
Summary: Despite still being a market leader on Base, there is room for Uniswap to secure a more dominant position on a chain that continues to see increased activity and users.
[Temp] Uni Onboarding Package - Taiko
Vote: $250k
Summary: Taiko is currently in testnet. Given the competitor landscape and chain adoption are rather uncertain, we think $250k is sufficient.
Disclaimer: Wintermute is an investor in Taiko
[Temp] Uni Onboarding Package - Moonbeam
Vote: $250k
Summary: Moonbeam lacks trading volume and activity, especially on the DEX side. However, we do see value in supporting a growth package in the hopes of adoption returning in the future.
[Temp] Uni Onboarding Package - BSC
Vote: $1M
Summary: BSC is clearly dominated by PancakeSwap which facilitates a large portion of the chain’s volume. BSC is one of the largest chains and facilitates a unique user group. We think it’s important for Uniswap to seriously grow its market share here.
[Temp] Uni Onboarding Package - Mantle
Vote: $250k
Summary: Mantle has seen some great chain activity and usage, despite one DEX retaining a lot of the chain’s TVL, trading volume seems to be rather disbursed. Therefore, it shouldn’t be too hard to gain a decent market share.