Uniswap Governance

!AD4nXdVi7E7I1D-3fgJd2P5OG5qicQeSI0RBvUowxrIfrdk8yqyNOFK4x2zIFFbLYCyyvgQv7ySa72aH1wCaFs8RLy1eH0wEA-lYuH7ZE5YtHb3xEtCVjSgvWJevtlWowjLE378X (1).jpg Summary This proposal seeks to utilize Forse to help analyze the effectiveness of the four other chains the Uniswap community chooses as part of the Uniswap Revitalization and Growth Program. Motivation Analysis of the Uniswap Revitalization and Growth Program was delivered in March 2025, and there has been both positive feedback as well as requests to apply the program to other chains, especially Unichain. However, after discussing with various Uniswap DAO participants, as the Unichain incentives program is still ongoing, it was communicated that it would be beneficial to assess other chains that went through the incentive program first before revisiting Unichain assessment. What is Forse? Forse, built by StableLab, is a data and intelligence platform designed to help blockchains and DeFi protocols measure, analyze, and optimize their growth and operational efficiency. By integrating onchain user and network metrics with offchain data, Forse provides actionable insights that drive more thoughtful decision-making and showcase the tangible benefits of the Unichain ecosystem. With deep expertise in protocol operations and DAO governance, Forse will allow Unichain stakeholders to make data-backed strategic decisions. Our dashboards and analytics solutions enhance transparency, measure the impact of initiatives, and demonstrate Unichain’s competitive advantages. We work closely with protocol teams to understand their unique objectives and tailor our analyses using extensive datasets. Our experience with leading DAOs, including Sky (FKA MakerDAO), Arbitrum, Optimism, and Uniswap, positions Forse as the ideal partner for delivering a robust, data-driven analytics solution customized for Unichain. Team Dr. Christian Ziegler is the CTO at StableLab. Previously, he worked as a researcher at the Technical University of Munich (TUM), where he wrote his doctoral thesis on DAOs. In 2018, he co-founded Blockcurators GmbH. Christian has several published scientific articles, including a Taxonomy of DAOs; scoring methodologies for DAOs; network analysis of DAOs; and classification of DAO proposals using LLMs; among others. Johannes Loewe is the Data Lead at StableLab, where he focuses on all stages of AI and ML development, from experimentation to deployment. Before joining StableLab, he was a Freelance AI & Blockchain Software Engineer. He also has experience with DAOs, being a founding member of PretzelDAO in Munich. He holds a Bachelor’s degree from Radboud University in the Netherlands and a Master’s degree in Machine Learning from NUI-Galway in Ireland. Marcos Miranda is the Head of Product at StableLab. With 6 years of experience in Product Management, focusing on Web3 and Analytics products, he is also experienced in building DeFi protocols, having previously worked for other protocols in the space. Methods Building upon the frameworks used in the original analysis, this proposal extends the same level of detail and transparency across four additional chains. As before, our methodology combines statistical modeling, user segmentation, and performance benchmarking ensuring the surfaced insights are valuable to the DAO. Our methods will include: Time-series data analysis across key protocol metrics, such as TVL, volume, Liquidity Provision, and Activity. Difference-in-Differences modeling to highlight causal impact of incentives on key protocol metrics. Cohort Analysis of LPs and general users, with different segmentations based on, pool type usage, and general behavior. Efficiency Metrics to track TVL and Volume per dollar of incentives spent, with pool based segmentations. User Acquisition Cost, retention and stickiness indicators to analyze long-term impact of incentives on the aforementioned segmentations . Rewards flow mapping to visualize post-incentive asset movements and claim, held, and sold behaviors. Specification The insights and graphs produced as a result of this analysis will be displayed in the already existent Uniswap Incentives terminal, alongside the outcomes of our previous work, effectively creating an analytics hub showcasing: Incentive ROI and impact quantification in terms of TVL and Volume generated per dollar of incentives. User Segmentation and retention analysis, enabling the understanding of different user types, their acquisition cost and likelihood to remain in the ecosystem.. Campaign Efficiency Analysis, visually representing comparisons on the best cost-to-growth performance across pools and chains. Benchmark and Comparative Analysis, featuring comparisons in terms of performance and growth with other relevant ecosystems and protocols. Flow Analysis on Rewards, highlighting behaviours and destination of rewards. We believe extending our analysis into 4 additional chains will provide Key Uniswap Stakeholders with a more comprehensive view of how incentives are performing to further optimize for the future initiatives. To see Forse in action, explore our interactive terminal showcasing our previous analysis of the Uniswap Revitalization and Growth Program for Arbitrum, Base, Blast, and Scroll. Budget Request The proposal requests $60,000 worth of UNI to analyze the further impact of the the Uniswap Revitalization and Growth Program to analytics modules utilized in the interactive terminal. The dashboard will aim to be delivered by the end of Q2 of 2025. Forse will receive the budget only once the terminal is delivered, similar to the past analysis to ensure accountability to Uniswap DAO.

Scaling V4 and Supporting Unichain GFX Labs proposes that the Uniswap DAO allocate funding to support the integration of Uniswap V4 on Ethereum in Oku, grant GFX Labs a blanket license exemption for future V4 deployments, and to add support for Unichain on Oku. This initiative aims to enhance Uniswap's reach, encourage liquidity migration to V4, and solidify the protocol’s position as the leading decentralized exchange. Background In 2022, GFX Labs was granted $1.6M from the Uniswap DAO to scale the Uniswap ecosystem and expand the protocol's presence across EVM chains. Today, Oku is live across 30+ chains, and we have expanded our services to offer best-in-class bridge and trade aggregation. With a dedicated interface for V3 pool analytics and a simplified LP management interface, Oku has served as a consistent and scalable growth channel for the wider Uniswap ecosystem. We’ve deployed to a wide range of chains at our own expense – far exceeding the original scope of the grant – and have generated a high ROI by accelerating Uniswap adoption across new environments. Now, with the advent of Uniswap V4, it’s time to build the next generation of tooling for the next wave of liquidity. Scale V4 and Add Unichain Support Since the launch of Uniswap V4 in January 2025, we’ve seen a surge in interest from users, partners, and hook developers eager to experiment with the new protocol’s capabilities. As one of the most active contributors to the Uniswap ecosystem infrastructure, GFX Labs views this momentum as a timely opportunity to scale V4 usage, reduce friction for LP’ing, and host an environment for hook developers to showcase their innovative pool adaptations. As we have provided for V3, GFX Labs will develop a dedicated V4 analytics interface to support hooked pool discovery and performance tracking. Who benefits? The Uniswap DAO’s ability to expand V4’s reach heavily depends on ecosystem builders and infrastructure. That is why supporting the flywheel between hook builders, liquidity migrators/providers, and traders is crucial. With V4’s flexibility also comes complexity. It is key that each stakeholder's user experience and needs are addressed and iterated upon so V4 can become the dominant DEX protocol. Oku will fill the gaps and support ecosystem players as a base layer user interface for developers, LPs, traders, and chains. EVM chains with V4 enabled will have separate interfaces to distinguish between hooked and vanilla pools. Hook Devs: Hook developers thrive when LP’ing is made easy, unlocking exposure to their unique market architecture LPs: Intuitive position management tools and highlighted yield farming opportunities for V4 pools Traders: Option to include V4 “hooked” pools for unique trading strategies & best execution DAO: Expand V4 footprint across all chains and highlight market opportunities for unique market structures Proposed Plan V4 Development Scope V4 Liquidity management Pool analytics with historical performance data Oku V4 data API for anyone building in the Uniswap ecosystem Hook pool discovery via V4 analytics dashboard Routing support for V4 traders For the one-time integration and build-out of V4 on Ethereum Mainnet into Oku, we are requesting a total of $250K. The Uniswap DAO could expect delivery within two months of the proposal passing. Post launch, Oku will continue to improve the V4 interface and iterate based on feedback. Backend infrastructure: $150,000. This would primarily focus on indexing the V4 protocol, adding a routing setup for V4 markets, and updating our peripheral systems to support V4. Frontend development: $100,000. There are two phases here. The first would be designing new UI elements for pool creation, V4 LPing, V4 analytics, V4 trading, and any other UI updates necessary to support V3 and V4 in the same interface. The second phase is implementing the design improvements. Unichain Deployment on Oku Within two weeks of this proposal passing, Unichain and the V3 deployment will be available in Oku. Unichain users will have access to a full suite of Oku features, including a smart routing system integrated into 10 trade routers and 11 bridges. As soon as we have the minimum viable backend and frontend support for V4, we will integrate the Unichain V4 deployment. Given our long-standing relationship with the DAO and our concurrent request for the initial V4 integration, GFX Labs will waive the standard integration fee for integrating Unichain with Oku. Recognizing the benefit of a synergistic V3/V4 offering, instead we are requesting $90k - $7.5k per month - to cover operational and maintenance related costs. This cost structure is representative of preferential pricing for the Uniswap DAO. Permissionless Licensing Agreement GFX Labs is requesting a blanket Additional Use Grant, which provides licensing permissions for V4 deployments to streamline the process of bringing V4 to new chains. As an established partner of the Uniswap ecosystem, this process maximizes the DAO’s ability to scale efficiently, support hook innovation, and increase V4 pool dominance across EVM. A license for V4 deployments acts as an accelerant for adoption amongst new and existing networks and is critical for the Uniswap ecosystem to defend market dominance. GFX Labs strongly aligns with the UAC’s suggestion to provide licensing rights to maintain a competitive edge before v4 becomes open source. Further, any deployment completed by GFX must be reviewed by the UAC to be considered official. With a new emphasis on V4 infrastructure, Oku further aligns itself as a standard bearer for the Uniswap ecosystem, with a focus on expanding utility and interoperability across EVM environments. By funding this proposal, the DAO positions itself to scale V4 usage, promote novel onchain markets, and support unique market innovation from the ground up.

Author Tané Note This is the revised version of the original Snapshot with a few changes below: Setting a shorter period of the delegations with the promise of re-evaluating the program if and when a significant change to the delegation landscape, especially the Unistaker implementation Election Snapshot for selection of the “distinguished” delegates out of the qualified delegates Reducing the total amount of UNI for delegations to up to 15M You can check the details and ratinoale of them in our latest comment. Background The DAO started the first treasury delegations as a program called "Delegation of UNI to Active but Underrepresented Delegates" in December, 2023. According to our analytics we shared in the original round 2 ideas thread, this program has been essential to keep the governance healthy and retain the active and capable delegates. At the same time, the originally promised time period has already passed, but the delegation has been kept as they didn't have their expirations. In addition, there have been discussions to consider how we proceed with the treasury delegation going forward. Through the process, we have decided to implement an important feature, expirations of the delegations to the Franchiser contract and create a robust system to keep the delegations enabled for the appropriate delegates. Proposal Summary We propose allocating up to 15 million UNI of total amount as the treasury delegation, distributing into selected delegates. We select qualified delegates based on the objective criteria and metrics (the Delegate Reward Program Cycle 3 criteria/scoring + VP cut-off) after the application phase. We then introduce an election to choose the "distinguished" delegates from them. Once we conclude the program details and delegates with each delegation amount, we will have an onchain vote to ratify the program, apply the delegations with expirations provided by the new implementation by ScopeLift team, and withdraw the original delegations as promised. Motivation and Key Discussion Points Details can be reviewed in the discussion forum Proposal Specifications Based on the discussions in each thread and feedback from the delegates, we propose a balanced and feasible proposal for the next iterations of the treasury delegations. This framework focuses on increasing allocation, setting the delegation period, establishing sustainable evaluation methods, and building the operation for continuity of the program. At the same time, we view this treasury delegation is a temporary solution, rather than the permanent solution to the voting quorum challenge, but believe we have made critical improvements to the program for the DAO to consider the optimal solution to the problem. Decide on its continuation, delegation amount and delegate selections Program continuation First, we need an option to vote on for whether the DAO supports the improvements to the treasury delegation program. Setting the increase or keep the amount Allocate up to 15 million UNI, distributing a certain amount of UNI to the two sets of delegates. This will provide sufficient voting power to the currently active 12 delegates, allowing them to reflect their opinions in votes and put up proposals for the Uniswap DAO. Delegate selections First, we need a thread for delegates to apply for this round. As before, we need to conduct applications and select delegates from there with the objective criteria that were used for the Delegate Reward Program Cycle 3 and VIP cut-off. Only delegates who have participated in onchain voting for at least three months prior to the application post Delegate Reward Program Cycle 3 criteria and scoring metrics - We will re-calculate the scores for each delegate based on their recent activities (From the date when the Snapshot has concluded) No more than 1M UNI VP has been delegated to the account. For the delegates who have received the original delegations, the current VP amount minus the amount of the delegations in the original program should be considered as the original delegations will be withdrawn, should this proposal be approved and proceeded. Any other temporary delegations will also be treated in the same manner. Agree to adhere to the DAO Principles Qualified delegates based on the above criteria and metrics will receive 1M VP delegations (1.5M in total as delegation hard limit). We then conduct a Snapshot election to select 6 "distinguished" delegates from the candidates who are qualified delegates based on the objective criteria and scoring. The distinguished delegates will receive additional 500k VP delegations (2M in total as the hard limit). Delegation period and evaluation mechanism Expiration period Erin and we have worked with the ScopeLift team to introduce the expiration of each delegation at the contract level, so that we are sure that delegation period is set onchain. The factory contract has been deployed on https://etherscan.io/address/0x807d62f954a2c3fb00ef32f064032228000b9899. With the new implementation, we are able to set the expiration of delegations for each delegate. This proposal will utilize the new features to assign 12 months as the expiration time for delegations. Selected delegates' responsibilities Each delegate elected by the DAO, who will receive the treasury delegation should maintain the following requirements: Maintain a minimum 80% voting participation rate over the past 3 months. - Participation rate calculation: - Includes both Snapshot and on-chain proposals - Excludes cancelled proposals - Measured from the date of Snapshot approval Maintain a minimum of 80% justification rate for all votes cast in the delegation thread. The motivation is that a delegate’s primary responsibility is not only to vote on behalf of their delegators but also to provide a clear, reasoned explanation for each vote. This transparency helps the community understand the basis for decisions, reassuring them that the vote was carefully considered and aligned with community interests. Providing a well-founded rationale is a fundamental duty to maintain open communication and uphold the trust placed by delegators. Program management To continue the program effectively and secure the Uniswap governance, we will work with the Uniswap Accountability Committee to smoothly operate the program including actions like below: Publish every 3 months report of the evaluation Delegate selection management and evaluation of the program for each round Evaluation and revocation process Every 3 months, we will publish a report in a dedicated thread on the forum detailing the proposals from the past three months, including a list of the delegates who met the participation requirements and those who did not, following a similar format used on the delegate rewards program. Delegates who fail to meet the minimum participation requirements will have their delegations revoked via an onchain voting. (NOTE: the new implementation hasn't supported early terminations based on the off-chain conditions yet.) They will be eligible to reapply during the following cycle. We will create a proposal to revoke their delegations. We will also re-evaluate the whole program in early 2026 (after 9 months of the program start) or earlier if the new initiative like Unistaker is introduced to change the landscape of the delegations in the Uniswap DAO. Proposed actions and upcoming votes The next actions required to take forward this proposal are as follows. 1. Determine program continuation and Treasury Delegation amount (Snapshot) 2. Elect the distinguished delegates from the qualified delegates (Snapshot) 3. Onchain delegation with expirations to ratify the changes (Onchain) Proposal 1: Decide on program continuation and the total delegation amount (Snapshot) If "For" to the program continuation, the delegation amount and delegation details are; - Up to 15M - 12 delegates - 1M to all selected delegates (capped at 1.5M), additional 500k to Tier 1 delegates (capped 2M) - 12 months' expirations If "Against" the program continuation, - We will come up with a proposal to appropriately wind down the current treasury delegation program or propose another revision of this proposal. Application period: selection of delegates for the treasury delegation program Between Proposal 1 and 2, we will have a thread for delegates to apply for the program. All prospective delegates must submit their applications through this designated thread for consideration. After an enough time, we select qualified 12 delegates. Proposal 2: Elect the distinguished delegates (Snapshot) After selecting the qualified 12 delegates, we create a Snapshot vote for the tokenholders to approve 6 distinguished delegates. Proposal 3: Execute the delegations with expirations to ratify the changes (Onchain) Create an onchain proposal to ratify the changes voted on Proposal 1 and 2, and execute transactions to delegate the appropriate amount of voting powers from the treasury to elected delegates with the expiration set and withdraw the delegations done in the original program. Disclosure We (Tané) are willing to apply for the proposed treasury delegation as a recipient if no critical objection as we believe our further involvement is beneficial to the DAO while we are the author of the program proposal. We will abstain from voting on the first Snapshot, but would vote on the ratification onchain proposal.

For the full proposal, please see this forum post. Similar to last season’s rebalance, fluctuations in the UNI token price means that the accounts for various programs become unbalanced–sometimes at a surplus and other times at a deficit. Since programs are budgeted in terms of dollars, we are looking to top up those balances to ensure commitments around sustaining elected DAO programs are covered. As mentioned in the forum post, this temperature check associated with rebalancing is being run separately from the UAC Season 4 renewal vote. The rebalance will be for $280,142, priced in UNI at the time of the unchain vote. Further details on the request and breakdown of budget items can be found at the forum post above.

For the full proposal, please see this forum post. The UAC has now been operating for the past three seasons, each of which span a duration of roughly 7 months, and is looking to renew for S4, with elections for two new members upon successful completion of this vote. An evolution of the committee has led it to become the DAO’s go-to operational body for handling a multitude of different responsibilities, although it merely began as a committee to oversee cross-chain deployments upon expiration of the Uniswap v3 Business Source License (BSL). Today, the UAC oversees: Cross-chain deployment coordination ENS record management Disbursement and accounting of service provider, grantee, and working groups’ compensation Custody of DAO-approved funds on Ethereum mainnet Incentive distribution across a multitude of EVM-compatible chains Governance community calls Assisting with miscellaneous DAO operations like helping teams sponsor proposals Managing the newly established Foundation Feedback Group (FFG) This attached report on the forums outlines the specific operations behind the UAC from the previous season, along with an update regarding the financial situation of DAO programs and working groups. The last section will act as the request for comment (RFC) to renew the UAC and balance accounts. Due to Snapshot posting limits, we urge delegates to please review the full report and RFC. A summary of the Renewal ask and proposed budget is below: We will maintain the 5-member team as it’s an optimal number for dividing workload and distributing multisig security responsibilities. Increase the budgeted weekly hours from 7.5 to 10, bringing the monthly total 40 hours. Sustain the staggered election system to retain three current UAC members to prevent junctions between ongoing projects and training entirely new teams. Two out of the five members must either volunteer to drop their position, or there must be an internal vote to select which three members continue onto the next season Budget Ask: * $320,000 for UAC runway through December 2025, which is the budgeted ~40 hours/month, at the same and previous seasons $200/hr rate, for 8 months. This timeline aligns well with the end of the year and existing UAC programs, like the FFG, which is meant to conclude EOY 2025. * $50,000 for discretionary operations budget, which will allow us to continue paying for tools like DEN and SafeNotes—and other discretionary items down the road. This budget will allow the UAC to allocate capital to build supplemental materials like data dashboards without requesting additional capital through an onchain vote. Summary for UAC Temp Check: Allocate $370k of UNI for UAC Season 4 renewal.

[Disclaimer - This proposal is powered by the Uniswap Accountability Committee. kpk did not receive compensation for posting this proposal.] Summary Create the v4-core-license-grants.uniswap.eth subdomain to track BSL license exemptions; Grant Uniswap Foundation a blanket license exemption to deploy v4 on target chains; Create v4deployments.uniswap.eth subdomain to create an onchain registry of official v4 deployments; Grant the UAC permission to write to the v4deployments.uniswap.eth subdomain; Populate the text records of v4deployments.uniswap.eth with the 13 existing v4 deployments done by Uniswap Labs. Background Uniswap DAO successfully expanded v3 to an aggregate 40 chains. It streamlined the deployment process with help from partners like Oku and Reservoir, who have set up v3 instances and user interfaces for LPs and traders. These deployments have been supplemented with incentive programs and growth initiatives, all of which have been initiated by the DAO and its target chain partners. With Uniswap v4 having launched in February and the Business Source License (BSL) in place, the DAO has an opportunity to maximize v4’s impact using the lessons it has learned from v3 expansion. As the BSL represents a competitive advantage for Uniswap, the DAO needs to prioritize driving adoption of v4 pools and hooks over the coming months, in supplement with the programs that the UF is actively pursuing. The first step in growing Uniswap v4 across multiple chains begins with laying the operational groundwork around the BSL. Growing Uniswap v4 Uniswap v4’s potential is tied to its flexible hook-driven architecture, which can reshape the DEX landscape and further strengthen Uniswap’s dominance. If v4 reaches a critical mass of hooks and liquidity, it could outcompete standalone applications by integrating their features into Uniswap’s ecosystem, acting as a sink for liquidity and talent. This also means that, as opposed to previous versions, v4’s success depends not just on the core AMM design but also on external developers building useful hooks. In this context, strong incentives for developers and liquidity providers are key to success. Uniswap v4 presents two main challenges: 1. Attracting enough liquidity. Traders will only use v4 if its pools offer the best prices, which requires deep liquidity. This means convincing LPs to migrate funds from v3 and other DEXs. 2. Offering compelling hooks. Without compelling hooks, users have little reason to switch to v4. As more developers build innovative hooks, v4 becomes increasingly attractive, creating a cycle of growth that solidifies Uniswap’s dominance. As per the below figure, the current trend in hook launches largely favors vanilla pools as opposed to “hooked” pools. It will take a concerted growth effort from the DAO and associated entities to help facilitate creative hook deployments and growth. While it is less apparent with v3, v4’s success depends heavily on timing. For Uniswap to dominate across chains, adoption needs to happen quickly and broadly. For this reason, we propose to deploy v4 on as many chains as early as possible. This allows us to tackle a broader audience and enables hook developers to compete and innovate across different ecosystems rather than being limited to just one. Hooks that gain traction on Ethereum or Arbitrum might look different from those that succeed on chains like Ink, Sonic, or Celo. Smaller or newer chains provide a testing ground for developers to experiment without directly competing with established hooks on larger networks. On the other hand, larger ecosystems provide access to a broader and more varied audience. Over time, similar hooks may emerge in different environments but appeal to their users in unique ways. For example, Uniswap v3 often struggles to compete with native DEXs on new chains. But v4 is different—it can work as a behind-the-scenes platform, allowing native projects to build their own branded hooks on top of it. By partnering with new chains early and encouraging developers to build on v4 from the start, Uniswap has a much better chance of becoming the dominant DEX across multiple ecosystems. Accelerating v4 Adoption To accelerate v4 adoption across as many chains as possible, we need to act promptly. DAO-affiliated groups like the Foundation, UAC, and external teams like Oku and Reservoir—if they choose to partake in v4 growth—have the opportunity to drive this initiative. The v4 license is effectively a strategic advantage. With v3, cross-chain growth only took off after the BSL expired. This time, we should use the license to maintain a competitive edge before it eventually transitions to an open-source MIT license. On the Business Source License Uniswap v4 is governed by the Business Source License (BSL) 1.1, which is a temporary source-available license that allows users to view, modify, and experiment with the code but restricts commercial use unless explicitly permitted by the licensor. Over time, BSL-covered software transitions into an open-source license, in this case, MIT, meaning that after a predetermined period, the software will be freely usable by anyone. Commercial Use Restriction: Uniswap v4 cannot be used for commercial deployments unless a special exemption (called an Additional Use Grant) is granted. Change Date: The license is set to expire by June 15, 2027, or earlier if the Uniswap DAO decides to transition it sooner. Automatic Transition to MIT: After the expiration date, the Uniswap v4 Core will become fully open-source under an MIT License, meaning anyone can freely use, modify, and deploy it. We see no reason to enact an early transition to MIT, but if the DAO were to decide this to be the best route, we’d have to create an onchain proposal to deploy a subdomain titled “v4-core-license-date.uniswap.eth” detailing the early conversion date. This present proposal will not be deploying the change date subdomain. The first step is setting up a clear process for managing deployments, including a system for granting license exemptions to launch official v4 instances. Details follow. How the BSL Strengthens Uniswap’s Moat Uniswap v4’s BSL provides an essential competitive advantage by limiting unauthorized commercial use of the protocol. This creates a temporary moat in several key ways: 1. Prevention of Immediate Forks: The BSL prevents competitors from launching unauthorized forks of v4, ensuring that Uniswap maintains exclusivity over its novel hook architecture for a defined period of time. 2. Ecosystem Incentive Opportunities: The licensing framework allows Uniswap to selectively grant exemptions to chains that align with its strategic goals, potentially in exchange for incentives. The UF was granted an incentive budget for v4 deployments in proposal 82. That budget will not cover incentives on all chains where v4 will be deployed. There will be opportunities to negotiate with chains to contribute to incentive budgets for a v4 deployment. The UAC and UF will work together to negotiate those opportunities. Negotiations are more likely to be fruitful during the first year of v4 going live. 3. Encouraging Ecosystem Buy-in: Since third-party deployers need a license exemption, chains and DeFi projects are incentivized to engage with Uniswap governance rather than creating unauthorized alternatives. Granting license exemptions to a variety of deployers requires an onchain vote for each individual Additional Use Grant, so we recommend using a smaller group of authorized entities that will deploy on a given chain, starting with the UF. Erosion of the Moat Over Time The BSL offers a temporary advantage, and its effectiveness will diminish over time due to the following factors: 1. Expiration of the BSL: The BSL is set to expire by June 15, 2027. This means that competitors will be able to freely fork and deploy v4 without restrictions in just a few years. 2. Replication by Competitors: Even before expiration, competitors may develop alternative DEX architectures with similar capabilities, reducing Uniswap’s technical lead. This happened very quickly with the concentrated liquidity benefits ushered by v3. 3. Gradual Loss of Novelty: As hooks become more widely understood and replicated, their competitive differentiation will weaken, and the perceptual novelty will wane. Other protocols may introduce comparable or even improved features to rival v4’s architecture, and developers may not hold v4’s customizability as unique as it may have initially seemed. SEE FULL PROPOSAL ON THE FORUM

This proposal is brought to the DAO by the Uniswap Growth Program in collaboration with BOB (Build on Bitcoin). Overview BOB is a unique Hybrid Layer 2 that combines Bitcoin’s security with EVM smart contracts. By placing BTC at the heart of DeFi, BOB can unlock new use cases and trillions in liquidity. This makes BOB the ideal home for Bitcoin DeFi - the best and safest place to earn yield on Bitcoin. In October, 2024, BOB became an official Uniswap V3 deployment. This proposal lorequests a Uniswap Onboarding Package for BOB Network. As of today 27 Mar 2025, BOB boasts over $247M of TVL across all of its Dapps, with $42.78M in Uniswap v3 pools, ranking 5th among all UniV3 deployment, before OP mainnet and BSC, nearly three times the TVL of Rootstock. As BOB has demonstrated its ability to effectively attract users and LPs across both the EVM and Bitcoin space, BOB is looking to further bolster the network's state by allocating incentives to Uniswap pools as the BOB TGE takes place. Our goal is to leverage Uni v3 via Oku as the canonical DEX on the chain. BOB will therefore commit $500K over the next 6 months, and BOB is requesting Uniswap to match 75% of that ask. BOB has made it a point to ensure Uniswap sustains its lead as the canonical DEX on the L2, unlike other networks that may prioritize native DEXs. BOB: The Hybrid L2 Built on the OP Stack, BOB joined the Optimism Superchain in August 2024, and quickly became the 3rd largest Superchain by TVL, only after Base and OP Mainnet. (Defillama) Integrated with Babylon to become a Bitcoin-Secured Network, bringing Bitcoin finality to the Hybrid L2. (Read more) BOB acts as a gateway for Bitcoin holders to access EVM-based DeFi opportunities, bringing substantial Bitcoin liquidity to the ecosystem. including highly anticipated and quickly growing BTC LSTs BOB’s co-founder Alexei is a co-author of the BitVM2’s technical blueprint, which enables secure, Bitcoin-backed bridges to Ethereum and other L1s—offering a trustless alternative to existing multisig BTC bridges. Read the BOB Hybrid L2 Vision Paper, Hybrid L2 Technical Blueprint and the BitVM V2 Paper to learn more BOB Impact in the Uniswap Ecosystem BOB’s Unique Value for Uniswap BOB is positioned to be the main EVM L2 for BTC LSTs and wrapped BTC trading, driving new BTC-native volume to Uniswap. Direct BTC on/off-ramps from Bitcoin L1 is supported via BOB Gateway, with multi-chain integration in progress (BTC L1 to any EVM), expanding access to BTC liquidity on Uniswap across chains. Interest in developing BTC-specific hooks designed to optimize trading and liquidity for Bitcoin-based assets on Uniswap. BOB selected Uniswap as its primary DEX over forks, reinforcing Uniswap’s position as the default venue for BTC trading and solidifying value alignment with the Uniswap DAO. Uniswap TVL Analysis (Mar 27 2025) BOB's Uniswap V3 TVL: $43.26M, Ranking 5th among all chains, before OP mainnet and BSC, nearly three times the TVL of Rootstock. Current Pools on Uniswap - BOB: https://oku.trade/info/bob/overview BOB’s Commitment TLDR: Ongoing BOB Rise Defi incentive Campaign (OP reward) BOB Fusion: Ongoing point reward for Uni LPs. Uniswap received the highest point multipliers, resulting in the highest activity and % points distributed in the BOB Fusion points campaign to Uniswap users. An estimated total of 18% of all the points have been distributed to Uniswap users on BOB. Upcoming incentives: $500k worth of incentives committed for bootstrapping UniV3 pools on BOB, requested to be matched 75% by Uniswap DAO. To further grow liquidity in BTC, BTC LSTs and other Bitcoin assets on Uniswap on BOB, BOB may allot more incentives for V3 pools later on as well—subject to the findings from previous campaigns. BOB Rise Campaign BOB was awarded a 750k OP grant from the Optimism Grants Council in December 2024 to accelerate Bitcoin DeFi adoption within the Superchain. To maximize the impact of this funding, BOB launched BOB Rise, a four-month user incentive program (February – June, 2025) designed to distribute OP rewards strategically across key DeFi protocols in the BOB ecosystem. Visit BOB Rise Dashboard (managed by Merkl). Uniswap plays a central role in BOB’s DeFi ecosystem, as a key participant in BOB Rise, Uniswap has maintained its position as the leading protocol by TVL throughout the campaign, with consistent capital efficiency across both incentive tranches. Uniswap’s Performance in BOB Rise (Feb 26 – Mar 24, 2025): Total OP Incentives for Uniswap: 197,358 OP First Tranche Payout: 98,679 OP (distributed in February 2025) Second Tranche Payout: Scheduled for end of April 2025 Incentivised Pools: wBTC/USDT wETH/USDC.e wBTC/ETH HybridBTC.pendle/wBTC Campaign Impact as of March 24, 2025: Liquidity Growth: TVL increased by $2.57M, from $40.43M to $43M regardless of downward price pressure. User Engagement: Platform-wide user base grew by 33,149 users (+8.7%) since campaign start. Incentive Utilization: $25,496 in OP rewards distributed (13,047 by Mar 13, 12,449 by Mar 24) Return on Emission for Uniswap: 7x as of March 13 6x as of March 24 Read more on BOB’s OP grant here BOB Fusion Fusion is a point-based reward program designed to bootstrap ecosystem growth and deepen user engagement across DeFi verticals. Structured across three seasons, the campaign rewarded users with BOB Spice points for meaningful on-chain activity in areas such as lending, liquid restaking, and DEXes. Currently there are over 773k users harvesting Spice points via BOB Fusion. A core design philosophy behind Fusion was to allocate multipliers strategically to amplify incentives for high-impact behaviors. In the final season, BOB introduced specially high multipliers for DEX activity, with Uniswap (via Oku) receiving a 11 to 33x multiplier —the highest of the campaign. This was a deliberate decision to cement Uniswap as a core DEX on BOB, while also positioning BOB as the go-to place for users to trade BTC and BTC-related assets on Uniswap. Read more about the Fusion Campaign Check out BOB Fusion on BOB Dapp. Fusion reward multiplier for Uniswap Fusion rewards = Asset Multiplier × App Multiplier Note: Uniswap's app multiplier is 11x, higher than the 10x given to other DEXes, reflecting our intention to make Uniswap the primary DEX on BOB. Reward multiplier for trading BTC assets on Uniswap: BTC LSTs (uniBTC, pumpBTC, SolvBTC.BBN): 3x × 11 = 33x fBTC: 1.5x × 11 = 16.5x tBTC / wBTC / USDC / ETH: 1x × 11 = 11x This structure was designed to incentivize BTC LST trading on Uniswap and establish BOB as the best place for BTC DeFi. !|429x256 Upcoming Incentives BOB is committed to allocating $500K to Uniswap to grow liquidity across strategic pools over the next six months. BOB will work with the Uniswap Growth Program to distribute a mix of native token emissions on BOB, partner rewards from the Babylon ecosystem, contributions from collaborating protocols, and additional OP incentives to boost liquidity and drive adoption. The $500k matching incentives stated above is subject to be materially higher based on rewards from partners like Babylon and OP. Exact amounts will be disclosed at a later date but not yet publicly available. Uniswap’s Onboarding Package This proposal requests funding for BOB’s Uniswap onboarding package, which includes user incentives for UniV3 pools, as well as retroactive funding for Oku and Merkl integrations. The total request amounts to $375k worth of UNI, broken down as follows: $250k in UNI incentives for six months across key Uniswap markets $20k for Angle Merkl integration $105k Oku deployment cost rebate Reference: https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616?u=getty *Note: The Merkl cost covered in this proposal refers solely to the Uniswap deployment for Oku incentives, with other campaigns like BOB Rise handled under separate agreements. Pool Selection Classic Pairs: wBTC/USDT 40% wBTC/wETH 15% USDT/USDC 15% Local Pairs: wBTC/LBTC 15% No BOB token has been announced but if there would be a BOB token, the suggestion is to also set up the following market: wBTC/BOB token 15% Allocation of the incentives subjected to re-evaluation and adjustment based on performance during the incentivised period. Details on Local Pairs Lombard BTC (LBTC) Designed to be the stETH of Bitcoin, LBTC provides holders with a native staking yield via Babylon whilst simultaneously maintaining liquidity, enabling them to move freely through DeFi.

Background The DAO started the first treasury delegations as a program called Delegation of UNI to Active but Underrepresented Delegates in December, 2023. According to our analytics we shared in the original round 2 ideas thread, this program has been essential to keep the governance healthy and retain the active and capable delegates. At the same time, the originally promised time period has already passed, but the delegation has been kept as they didn't have their expirations. In addition, there have been discussions to consider how we proceed with the treasury delegation going forward. Through the process, we have decided to implement an important feature, expirations of the delegations to the Franchiser contract and create a robust system to keep the delegations enabled for the appropriate delegates. Proposal Summary We propose allocating up to 18 million UNI of total amount as the treasury delegation, distributing into selected delegates. We select delegates based on the objective criteria and metrics (the DIP criteria/scoring + VP cut-off) after the application phase. Each selected delegate receives 1M UNI delegation. Furthermore, the top delegates by scores are considered Tier 1 delegates and receive additional 1M UNI delegations. Once we conclude the program details and delegates with each delegation amount, we will have an onchain vote to ratify the program, apply the delegations with expirations provided by the new implementation by ScopeLift team, and withdraw the original delegations as promised. NOTE: Since the delegation to developers is in a slightly different context from the delegation to active but under-represented delegates in this program, we will scope it out and think it should proceed as another separate project. Motivation Originally, the delegation to underrepresented delegates was intended to promote healthy governance. In healthy governance environments, proactive delegates wield significant voting power, ensuring malicious votes are prevented and quorum requirements are met. To meet the above conditions, the previous treasury delegation assigned 10 million UNI to seven delegates. Around when the originally promised time period had passed, the discussion about delegation began with a proposal concerning a governance attack. Based on our preliminary research and the discussions held in the forum regarding the delegation of UNI to active but underrepresented delegates, we have compiled actions that the Uniswap DAO should take from the perspectives of maintaining healthy governance and preventing governance attacks, and have drafted items for voting. Key Discussion Points Details can be reviewed in the discussion forum Proposal Specifications Based on the discussions in each thread and feedback from the delegates, we propose a balanced and feasible proposal for the next iterations of the treasury delegations. This framework focuses on increasing allocation, setting the delegation period, establishing sustainable evaluation methods, and building the operation for continuity of the program. Decide on its continuation, and delegation amount Program continuation First, we need an option to vote on for whether we continue the treasury delegation program. Setting the increase or keep the amount Allocate up to 18 million UNI, distributing a certain amount of UNI to the two sets of delegates. This will provide sufficient voting power to the currently active 12 delegates, allowing them to reflect their opinions in votes. Delegate selections First, we need a thread for delegates to apply for this round. As before, we need to conduct applications and select delegates from there with the objective criteria that were used for the DIP Cycle 3 and VIP cut-off. Only delegates who have participated in onchain voting for at least three months prior to the application post DIP Cycle 3 criteria and scoring metrics - We will re-calculate the scores for each delegate based on their recent activities No more than 1M UNI VP has been delegated to the account. For the delegates who have received the original delegations, the current VP amount minus the amount of the delegations in the original program should be considered as the original delegations will be withdrawn, should this proposal be approved and proceeded. Any other temporary delegations will also be treated in the same manner. Agree to adhere to the DAO Principles Selected delegates based on the above criteria and metrics will receive 1M VP delegations (1.5M in total as delegation hard limit). Top 6 delegates by them are considered Tier 1 delegates and receive additional 1M VP delegations (2.5M in total as delegation hard limit) Delegation period and evaluation mechanism Expiration period Erin and we have worked with the ScopeLift team to introduce the expiration of each delegation at the contract level, so that we are sure that delegation period is set onchain. The factory contract has been deployed on https://etherscan.io/address/0x807d62f954a2c3fb00ef32f064032228000b9899. With the new implementation, we are able to set the expiration of delegations for each delegate. This proposal will utilize the new features to assign 18 months as the expiration time for delegations. Selected delegates' responsibilities Each delegate elected by the DAO, who will receive the treasury delegation should maintain the following requirements: Maintain a minimum 80% voting participation rate over the past 3 months. - Participation rate calculation: - Includes both Snapshot and on-chain proposals - Excludes cancelled proposals - Measured from the date of Snapshot approval Maintain a minimum of 80% justification rate for all votes cast in the delegation thread. The motivation is that a delegate’s primary responsibility is not only to vote on behalf of their delegators but also to provide a clear, reasoned explanation for each vote. This transparency helps the community understand the basis for decisions, reassuring them that the vote was carefully considered and aligned with community interests. Providing a well-founded rationale is a fundamental duty to maintain open communication and uphold the trust placed by delegators. Program management To continue the program effectively and secure the Uniswap governance, we will work with the Uniswap Accountability Committee to smoothly operate the program including actions like below: Publish every 3 months report of the evaluation Delegate selection management and evaluation of the program for each round Evaluation and revocation process Every 3 months, we will publish a report in a dedicated thread on the forum detailing the proposals from the past three months, including a list of the delegates who met the participation requirements and those who did not, following a similar format used on the incentive program. Delegates who fail to meet the minimum participation requirements will have their delegations revoked via an onchain voting. (NOTE: the new implementation hasn't supported early terminations based on the off-chain conditions yet.) They will be eligible to reapply during the following cycle. We will create a proposal to revoke their delegations. Disclosure We (Tané) are willing to apply for the proposed treasury delegation as a recipient if no critical objection as we believe our further involvement is beneficial to the DAO while we are the author of the program proposal. We will abstain from voting on the Snapshot itself and would abstain from voting on the onchain proposal if needed.

TLDR: This proposal requests $250k in UNI from the DAO for six months to support five pools on Saga. Saga is: Funding the Oku integration ($45k) and maintenance ($5k monthly) directly. Allocating 2m $SAGA tokens monthly ($700k/month at current prices, $4.2m $SAGA over 6 months at current prices) from the Saga Foundation Saga: Saga is launching its Liquidity Integration Layer (LIL), an innovative solution for liquidity fragmentation in horizontally scalable infrastructures. Uniswap V3 will serve as our canonical DEX. A meaningful, long-term partnership with Uniswap DAO will help cement Uniswap as a key player in the greenfield DeFi ecosystem in Saga. Uniswap on Saga has already been optimistically canonicalized by the DAO in December 2024. The initial proposal and its associated contracts can be viewed here. Oku is presently serving as the only front-end for this deployment and will go live soon. The Saga team paid for the front-end integration and maintenance costs. Independently from the Uniswap proposal, working with the Uniswap Growth Program, Saga Foundation will contribute 2mm SAGA tokens per month (~$1.0mm USD per month as of Feb 27, 2024) to the Uniswap V3 pools to bootstrap Uniswap liquidity on Saga. This proposal of additional UNI incentives will deepen liquidity and attract diverse LPs to expand Uniswap’s reach into the Saga ecosystem. This proposal is presented in concert with the Uniswap Ecosystem Incentives Initiative (UEII)—the team will work in concert with the Saga team to evaluate the strategy and operations of the incentive program, as well as assist in reporting the process and results of the initiative to the DAO. The snapshot and possible later on-chain vote will be sponsored by @PGov. Background on Uniswap v3 on Saga: To prepare for Saga’s LIL launch, Saga Foundation has partnered with GFX Labs to deploy a canonical Uniswap v3 deployment on Saga. Since the deployment in December, the Saga team has been busy finalizing all the infrastructure needed to enable LIL with Uniswap v3 and Oku. The Saga deployment marks the first canonical appchain instance of the Uniswap v3. The Saga team would like to partner with the Uniswap community to test the bounds of horizontal scalability with existing AMM designs. Existing AMM deployments are hamstrung by the limits of existing blockchain infrastructure. In an ideal setting, a protocol like Uniswap wants to maximize transaction volume from traders and arbitrageurs. However in practice, any significant increase in transaction volume on existing infrastructure leads to significant increase in gas costs. This counteracts any efforts to scale volume. On Saga’s Uniswap chainlet, there are no gas costs and no variable infrastructure costs dependent on transaction volume. Also, launching a new fully decentralized chainlet and deploying a parallel Uniswap instance/shard can be fully automated. This means Saga is uniquely positioned to target a go-to-market plan that maximizes volume over all other metrics. Here’s a series of tests we would like to run to gather data on creating horizontally shardable Uniswap instances on Saga: Phase 1: Volume/Cost optimizations. Begin with maximizing volume on the first Uniswap Chainlet. A few easy levers are setting low swap fees (0.01%) and implementing intent solutions to lower costs of onboarding assets onto the Uniswap Chainlet from Ethereum and other ecosystems. Phase 2: Horizontal Scaleout. Begin sharding into multiple Uniswap chainlet instances. There are engineering efforts required on Saga’s infrastructure to support sharding Uniswap instances across multiple chainlets while keeping the same front-end Oku experience. Once these are implemented, we can start experimenting with dedicated asset pairs in separate chainlets and even multiple chainlets for a single asset pair. Creating a horizontally scalable Uniswap instance on Saga will ensure Uniswap and AMMs will continue to play a pivotal role in decentralized finance. Proposed Plan: The requested $250k in UNI incentives will target five key Uniswap v3 pools: SAGA / USDC (0.01%) — 30% ETH / USDC (0.01%) — 25% SAGA / ETH (0.01%) — 25% USDC / USDT (0.01%) — 15% SAGA / UNI (0.01%) — 5% The above breakdown will be solely in relation to the $UNI incentives. SAGA-based distributions to pools may differ in weight and pair type depending on month-to-month KPIs. These will be reported to the DAO monthly by the UEII team. Distribution: Saga utilizes an in-house airdrop claims and distribution portal to distribute regular airdrops to recipients via vaults. The $SAGA incentives will utilize this method, but the Saga foundation will work directly with the Growth Program and UAC for determining the exact distribution methodology for the $UNI incentives. Timing: The $SAGA and $UNI incentives will commence after Oku completes integration with Uniswap v3 on Saga and opens up access to end users. The next Saga vault after opening Oku will see the first set of UNI incentives distributed. Request: $250K in UNI incentives for six months. The Oku integration ($45k) and maintenance ($5k monthly) will be paid by the Saga Foundation directly. Saga Foundation will also be allocating 2mm SAGA tokens monthly. Overall Timeline: Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended as needed: Request for Comment (RFC) ends March 6, 2025 Temperature check March 12, 2025 Onchain vote: March 19, 2025 Oku to go live Feb 27, 2025 Incentives to go live: Depends on the methodology finalized with the Accountability Committee. Saga rewards will be distributed along the first vault after Oku go live (vault 10). Vaults will be distributed approximately monthly so $UNI incentives can align with any future vault schedules. Looking forward to the collaboration with Uniswap DAO to support the first appchain instance of Uniswap v3. More Details on Saga Saga is a Layer 1 to launch L1s, or “Chainlets,” that provide applications with infinite horizontal scalability. Each Chainlet is a replica of the Saga Mainnet, with the same validator set and security model. Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse. Through Saga’s Liquidity Integration Layer, all Chainlets can freely transfer assets between themselves and with ecosystems outside of Saga as unified liquidity rails—the first solution for liquidity fragmentation in a natively multichain environment. In 2.5 years, Saga grew from 0 to 450 projects building on its protocol, 80% of which are gaming, 10% related to NFTs and entertainment, and 10% DeFi. In March 2024, Saga unveiled Saga Origins, a game publishing division devoted to bringing provocative, expansive and uncompromising games to market. Saga is the first and only web3 chain to establish a dedicated game publishing arm for developers to partner with to release their projects. As of February 2025, Saga has the highest staking ratio among all chains at 78%. Benefits of Chainlet-powered Dapps High performance and elastic scalability * Snappier applications with peak performance and speed with infinite horizontal scalability Fully Interoperable * Users can freely and quickly transfer assets between ecosystems using Saga’s Liquidity Integration Layer (LIL) Sovereignty and Flexibility * Better apps with optimal flexibility and customizability of the blockchain Revolutionary Token Economics Powers Costless transactions * More affordable transactions with commoditized blockspace Fully Decentralized * No single sequencer; no multisigs. All chainlets fully secured with a decentralized set of validators Launch Chainlets as easily as deploying a smart contract Launching Chainlets is simply a transaction on-chain and takes only a minute. The Saga platform automates the launching of Chainlets. Traditionally, deploying an application on its own appchain takes multiple months of development, coordination and significant UX challenges in bridging and routing. On Saga, launching an appchain is table stakes. Many projects have attempted appchain automation but have ultimately failed to gain significant traction. This is because simply automating the deployment of the blockchain is not enough. A successful appchain launch requires so much more: security provisioning, service on boarding, and bridging/liquidity. Solve Liquidity Fragmentation with Saga Liquidity Integration Layer Fragmented liquidity across chains leaves users frustrated and protocols struggling to grow. Enter the Liquidity Integration Layer (LIL) – Saga’s answer to fixing the mess. LIL is liquidity without borders. With the Liquidity Integration Layer: Every chainlet is connected to every other chainlet automatically Every chainlet is connected to every other ecosystem automatically No need for manual bridges - infrastructure is all automatic and operated by our validators Automatic routing simplifies user flows With Saga’s LIL, we’re building the backbone of the next-gen blockchain ecosystem with composable liquidity, simplified UX and true scalability.

Proposal to Fund Unichain and v4 Liquidity Incentive Programs Proposed by the Uniswap Foundation, with contributions from Gauntlet [Feb 19 note: this proposal is being made alongside another to fund UF Grants + Operations, here, and outlines a strategy addressing questions in the comments below about builder support, demand creation to sustain liquidity, etc.] TL;DR The Uniswap community is entering 2025 with the momentum of three positive catalysts: a more collaborative regulatory environment, the launch of Uniswap v4, and the debut of Unichain. As we look to the months and years ahead, we see the potential for Uniswap Protocol and Unichain to cement themselves as foundational infrastructure for digital value transfer. Achieving this vision will require more than just technological innovation; for the Protocol to become the world’s infrastructure for digital value transfer, we must take action. To that end, we propose funding liquidity campaigns, managed by our long-standing collaborators at Gauntlet, to kickstart sustainable growth for both Unichain and Uniswap v4. Proposal: Fund two separate liquidity incentive programs to attract initial LPs, swappers, and developers to Uniswap v4 and Unichain. Through the use of Aera, Uniswap Governance would retain control of funds at all times, and be able to recall unused funds, if delegates made the call to do that. If the initial campaigns are successful, we would return to request subsequent funds, though we do not foresee campaigns lasting longer than a year. Rationale: Both v4 and Unichain rely on swift, substantial liquidity migration to attract an initial user base, which will be augmented and sustained through additional developer focused growth campaigns. The UF and Gauntlet have engaged in a multi-year engagement focused on developing and executing effective liquidity incentive campaigns, the result of which is the basis for this proposal. Success Criteria: For the v4 campaign, migration of TVL to v4 on Mainnet, Arbitrum, and Base For the Unichain campaign, achievement of TVL and swap volume metrics in pursuit of becoming a top 5 chain revenue chain by EOY Execution & Reporting: In collaboration between the Uniswap Foundation and Gauntlet, deploy incentives in 2-week tranches, with monthly reporting and a final campaign retrospective, while Uniswap Governance maintains the ability to claw back the remaining allocated funds (“control”).

Uniswap Unleashed [Feb 16: additions to ‘Uniswap Foundation 2025 Priorities’ and ‘Top 10 Largest Projected Grants Allocations’ charts, described here] The Uniswap community is entering 2025 with the momentum of three positive catalysts: a more collaborative regulatory environment, the launch of Uniswap v4, and the debut of Unichain. As we look to the months and years ahead, we see the potential for Uniswap Protocol and Unichain to cement themselves as foundational infrastructure for digital value transfer. The Uniswap community has always pioneered—but pioneers don’t stay ahead by standing still. Achieving this vision will require more than just technological innovation; it demands strengthening network effects and evolving our governance system to fund, sustain, and grow the Protocol independently over time. We call for action, and for the broader community to work alongside us as we evolve Uniswap to its next era. In the following proposal, we define four strategic priorities for the years ahead: Scaling network supply: Provide most capital efficiency across active EVM chains Scaling network demand: Create premier DeFi development platforms Equipping Governance and the community: Activate revenue Equipping Governance and the community: Onboard Protocol Core Contributors In the following proposal, we discuss not only these priorities but also how we expect to achieve them alongside the community and how we, the UF, will measure our success. We also discuss our budget request to achieve these goals. Today we are also posting a request for incentives to support the growth of Uniswap v4 and Unichain. If approved, these funds would be managed, within pre-set parameters and onchain, by Gauntlet, while having control maintained by Uniswap Governance. In this proposal, we are requesting an investment of $95.4M into the UF grants budget, and $25.1M to fund operations, for the next 2 years to fund these priorities. In a separate incentives proposal posted today, we request a $45M budget to support liquidity incentives. We recognize and appreciate the size of this request. It reflects an investment into the success of the Uniswap Protocol and Unichain, and into value for the Uniswap community. Founded in 2022 with a singular focus on Uniswap v3, the UF now leads the growth of the developer ecosystem for a true developer platform in Uniswap v4, and an L2, Unichain. In addition, we are levelling up Governance to support long term sustainability with the creation of a Core Contributor program, new tooling like Conditional Funding markets, and more. This proposal is an investment into the future of the Uniswap community. It is designed to match the scale of our mission while being backstopped by best-in-industry transparency reporting and an unrelenting drive to create value.

Uniswap Delegate Reward Initiative - Cycle 3 Authors: @Doo_StableLab @PGov @AranaDigital @seedgov Summary This proposal outlines the Uniswap Delegate Reward Initiative—Cycle 3, a compensation program designed to improve and sustain the participation quality and dedication among Uniswap delegates following the conclusion of Cycle 1 and 2. Background In late February 2024, StableLab proposed the Uniswap Delegate Reward Initiative. After the GovSwap event in Denver, further research to plan and implement the Delegate Reward Initiative was highlighted, leading to the formation of the Uniswap Delegate Reward Working Group, composed of 8 members from different organizations. After extensive research for more than a month, the Working Group produced several findings, which can be found here: https://gov.uniswap.org/t/findings-from-uniswap-delegate-reward-working-group/23702 Incorporating these findings, the Uniswap Delegate Reward Initiative Cycle 1 was proposed and launched in June 2024. Cycle 1 was successful in that the 12 delegates selected maintained 100% voting participation rate for votes during this period. In addition, several new delegates joined the protocol due to the presence of incentives. With learnings from Cycle 1, including how to make a points system to determine the top delegate applicants in a more fair and objective manner, along with a tier system to incorporate different participation levels of delegates, Cycle 2 was launched. Cycle 3 Proposal Details Application Eligibility There will be a week-long period for candidates to submit their applications. The top 15 delegates will be determined based on a point system outlined below. Delegates from Cycle 2 must apply again for Cycle 3–they will not be automatically included. Only delegates who have participated in onchain voting for at least three months prior to the application post are eligible for Cycle 3. Uniswap Delegate Reward Cycle 3 Metrics In case there are more than 15 eligible applicants, the top 15 will be chosen by the following objective metrics. The highest number of available points will be 11. 1. Voting Participation Since a delegate's primary role is to utilize voting power from delegators and vote in Uniswap’s best interest, active participation is essential to ensuring quorums are met and malicious proposals are thwarted. This category carries a total of 7 points, with onchain voting weighted more heavily due to its ability to directly impact governance contracts and direct treasury funds. The voting rate is evaluated based on the past six months. Offchain Voting (Snapshot) 90% and above: 3 80% to 90% : 2 70% till 80% : 1.5 60% till 70%: 1 50% till 60%: 0.5 50% or below: 0 Onchain Voting 90% and above : 4 80% till 90% : 2.5 70% till 80%: 1.5 60% till 70%: 1 50% till 60%: 0.5 Below 50%: 0 2. Proposal Authorship Contributing to proposal drafting for Uniswap DAO is valuable, but maintaining quality and preventing malicious proposals is equally important. As a result, only successfully passed votes are counted. This category is worth a total of 3 points, with onchain proposals receiving greater weight once again. For non-binary proposals, if a "No" equivalent option was available and the final voting outcome was a choice other than "No," the proposal qualifies for points in this category. For example, the Uniswap Treasury Working Group (UTWG) Election would not be eligible, as there was no "No" vote option. However, the [Temp] Uni Onboarding Package - BSC would qualify, since an "Against" option was present, and the final outcome was "$1M." Authored or Co-authored a proposal that passed offchain (Snapshot) vote before. Yes, 2 or more: 1 Yes, 1: 0.5 No: 0 Authored or Co authored a proposal that passed onchain vote before Yes, 2 or more: 2 Yes, 1: 1 No: 0 3. Community Participation The full point for this category is 1. Community Calls (attendance for September, October, December 2024 & January - Feb 2025) Attended at least 80% of calls: 1 Attended at least 50% of calls: 0.5 Tie Breaker 1. Ties will be decided by the date of the first onchain vote that these applicants cast in order to reward delegates who have been contributing to Uniswap governance for an extended period. The tie-breaking value will be determined based on the end date of the vote in which the delegates participated, not the onchain date when the vote was cast. 2. In the event of a tie with the first tie-breaker criterion, priority will be given to the delegate who has cast the most votes in the last 6 months. 3. In the event that the tie persists further, the final decision will favor the delegate who was first to present their delegation platform—hence, priority will be given to the individual/entity who first publicly declared their intention to become a delegate. Delegate Reward Eligibility Once delegates have passed the application process, they must fulfill the following requirements to be eligible for up to $6,000 USD worth of $UNI reward per month. Requirements 1. Maintain a minimum of 80% participation in onchain and off-chain voting during the last 3 months to be eligible to receive up to $3,000 worth of $UNI per month, with the proportional payment based on each delegate's participation in the total votes cast during the last 3 months (number of votes cast x 100 / total votes cast during the last 3 months). For example, if there were 10 votes cast in the last 3 months and a delegate voted on 8 of them, that delegate will receive 80% of the $3,000 USD, i.e. the delegate will be eligible to receive $2,400. If another delegate voted on 7 of those votes, that delegate will not be eligible to receive any rewards as their participation was 70% of the votes, below the 80% minimum. Additional Rewards (the below are only available if the above Requirement of Voting Participation is fulfilled) 2a. Write rationale for the voting on their delegate profile. Deadline for writing rationale would be 7 days from the end of each vote. 2b. Attend Uniswap Community Calls. Achieving these above will provide an additional up to $3,000 USD worth of $UNI. For 2a and 2b, there will also be proportional payment. For example, if there were 4 votings and 1 community call, and a delegate missed writing a rationale of 2 of the votes, the delegate would be eligible to receive $1800 [3/5 * $3000]. Budget We are requesting 540,000 [6000 USD 6 Months 15 Delegates ] USD worth of UNI for cycle 3 of the Uniswap Delegate Reward Initiative. The total amount, once approved, will be sent to the Accountability Committee, which will be responsible for the monthly distribution of rewards to eligible delegates. Since the total budget of the Delegate Reward WG has not been fully used, administration of this reward program–including the creation of this proposal and the admin work behind verifying monthly delegate participation–will be allotted from that account, with no additional costs to the DAO. Therefore, the total budget request will be solely for the delegate pay.

Overview: The deployment of Uniswap on Sonic has sucessfully be completed. This is a vote to gauge whether we should match $250k of incentives for Sonic's $500k committment. About: Sonic is an EVM layer-1 blockchain platform focused on delivering exceptional performance, enabling developers to scale their applications without limits while ensuring smooth user experiences with benefits such as: Native Bridge from Ethereum - Sonic Gateway 10,000 Transactions per Second Sub-Second Finality Fee Monetisation 100% EVM Compatible Solidity/Vyper Support Key Benefits of Sonic and synergy with Uniswap: 1. Scalability and Speed: Sonic boasts the ability to process 10,000 transactions per second (TPS) with sub-second transaction finality, ensuring fast and irreversible transactions. This makes it highly efficient for applications requiring high throughput and low latency. 2. Availability of Key Infrastructure: Sonic Labs has confirmed integration of key infrastructure partners such as Alchemy, Safe, Etherscan, Chainlink, Gelato, Biconomy, Dune, etc., making it extremely easy to onboard new builders. 3. Cost Efficiency: Operating on Sonic is cost-effective, with a 66% reduction in validator node costs and up to a 96% reduction in large-scale RPC node costs compared to previous solutions. This is coupled with advanced live-pruning capabilities that streamline node management. 4. EVM Compatibility: Sonic is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing smart contracts without modifications. This ensures seamless migration from other chains and expands the potential for onboarding new applications. 5. Innovative Funding and Airdrop: Sonic will have an airdrop campaign of 190,500,000 $S tokens to incentivize users and applications. Additionally, the Sonic Labs Innovator Fund offers up to 200,000,000 $S from the Sonic Foundation treasury to expedite the immediate adoption of apps to the Sonic chain and support innovative ventures. 6. Fee Monetization (FeeM): The FeeM program on Sonic offers developers up to 90% of the fees their apps generate, providing them with sustainable income and retaining talented creators. 7. Advanced Infrastructure: With enhanced node synchronization (10x faster than alternatives) and a significantly smaller database size, Sonic provides a robust and scalable foundation for blockchain operations. Proposal Stakeholders Proposer: Sonic Labs Deployer: GFX Labs Bridge Provider: Wormhole Target Chain: Sonic Front-end: Oku Proposal Sponsor: @PGov Deployment Details As with all canonical v3 deployments, this deployment will be subject to Ethereum Layer 1 Uniswap Protocol governance and control. The text record of the uniswap.eth ENS subdomain titled v3-deployments.uniswap.eth will be amended by the Accountability Committee to include references to the stated v3 contracts. Deployed Addresses: v3CoreFactoryAddress: 0xcb2436774C3e191c85056d248EF4260ce5f27A9D multicall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435 ... (list continues with other deployed addresses) Incentive Plan: We propose that Uniswap DAO allocate $250k worth of $UNI tokens as liquidity mining rewards for a period of 6 months from the date of launch. Concurrently, Sonic Labs will provide $500k in $S tokens to the DAO. Here are some prospective pools: 1. $USDC/$USDT 2. $WETH/$solvBTC 3. $S/$USDC Voting Options: 1. $250k incentive match 2. Do not match 3. Abstain

Authors: @alphagrowth @PGov @AranaDigital Summary: AlphaGrowth, stewards of the Uniswap Growth Program, proposes accelerating the execution of co-incentive campaigns. Leveraging some of the UAC’s surplus budget, we can capitalize on high-impact, time-sensitive opportunities without needing any additional funding from the DAO. While many of these opportunities are not yet able to be discussed publicly (pending negotiations), currently there is an opportunity with EtherFi to match $250k in incentives. This EtherFi-sponsored campaign would deepen onchain liquidity of specific EtherFi assets (particularly weETH) on Uniswap. Our incentives would be matched 1-to-1 by EtherFi with ETHFI tokens, and additionally would be co-marketed by their protocol. Background: Since the kickoff of the Uniswap Growth Program, we’ve activated numerous relationships with new chains and opportunities for the Uniswap protocol. Many of these opportunities are standard, and we will continue to help push these through governance, and co-incentivize deployments via the Onboarding Package. As we have quickly found, however, some of these opportunities require more of a tailor-made co-incentivization structure. Problem: Uniswap’s governance process is designed to ensure transparency and thorough deliberation. However, with the current process, activating a co-incentive campaign requires an RFC, Snapshot, and on-chain proposal—a process that can take a minimum of 4 weeks. While this process is effective for specific initiatives, the time required can lead to missed opportunities, particularly for high-impact initiatives that require quick execution. Proposal: The UAC currently has a sizable budget (in the form of UNI tokens) for incentivization. This budget is now at a surplus due to the recent increase in the price of UNI. Different DAO-based initiatives are bucketed into their respective accounts. The largest account on the UAC books is currently the Incentive Package Budget, which accounts for funds that are meant to be distributed as incentives to target chains, along with contracting costs to facilitate deployments (e.g., Oku and Merkl). At a price of $16/UNI, the dollar-based surplus for this account sits at $2,936,333. In other words, there are nearly $3M extra sitting in the UAC multisig. |Incentive Package Balance|UNI|USD| | --- | --- | --- | |Current Balance|227,688|$ 706,667| |Current Adjusted Balance||$ 3,643,000| |Surplus/Deficit||$ 2,936,333| We propose authorizing the UAC to use some of these surplus funds to enable high-value co-incentivization campaigns spearheaded by the Uniswap Growth Program. These surplus funds would be issued by an internal UAC vote on a case-by-case basis, ensuring the campaigns align with the goals of the Uniswap DAO and enabling the Uniswap Growth Program to act quickly on high-value opportunities. This reduces the time requirement from ~4 weeks to a few days (pending an internal UAC approval vote) and uses funds previously allocated to the UAC multisig. To set limits to the spending, we will only be able to draw capital from the surplus while the surplus is at least 50% higher than the Current Balance. In the above case, with the current balance sitting at $706,667, we would only be able to utilize the surplus if it surpasses $1,060,000. This leaves a 1.5x buffer for the price to fluctuate and not cut into the payables associated with the balance. Furthermore, only incentive programs with $250k worth of funds or less can be used discretionarily. This accelerated decision making process will ensure that Uniswap remains front and center as we dive head-first into the bull market. The UAC will report the details of the discretionary spending on the forums upon their execution, ensuring transparency and accountability. Timeline: This Snapshot will run between Dec 19 - Dec 23, requiring 40M Yes votes to pass Note: Since there will be no onchain execution present, we propose solely requiring a Snapshot vote. Including the onchain vote would prolong the process by about 10 days, which would disqualify Uniswap from attaining the $250k match from EtherFi. If the Snapshot passes with the onchain quorum threshold, it in effect represents the same sentiment that an onchain would reflect.

[Disclaimer - This proposal is powered by Metal DAO. karpatkey is not affiliated with Metal DAO and did not receive compensation for posting this proposal.] TLDR: This proposal requests $250k in UNI incentives for a three-month period and an Angle Merkl integration (€20,000) for incentives distributions. On their side, Metal DAO approved 250k MRL tokens for liquidity bootstrapping across key trading pairs, 250k MTL tokens for incentive programs (both at $1.63) and full integration costs including Oku's deployment and maintenance fees. Overview Metal L2 is a banking-focused Layer 2 blockchain built on the Optimism Superchain, designed to enable direct on-chain fiat deposits through its connection to The Digital Banking Network—an open-source blockchain banking protocol developed by Metallicus. As one of the first chains to initiate the transfer of keys to the Optimism Foundation as part of its journey to Stage 1, Metal L2 demonstrates a strong commitment to decentralization while acting as a critical bridge between regulated TradFi institutions and DeFi. This unique positioning offers Uniswap the opportunity to connect to The Digital Banking Network by deploying on Metal L2, creating a seamless gateway for TradFi fiat to flow into DeFi. Metallicus San Francisco based Metallicus, founded by Marshall Hayner (CEO) and Glenn Marien (CTO), who have been involved in blockchain technology since 2009. Marshall built the first Bitcoin wallet for Facebook, while Glenn created the first Dogecoin wallet, experiences that have shaped their approach to innovation in the space. Marshall also continues to contribute to Dogecoin in his role on the Dogecoin Foundation. In 2018, under their leadership, Metallicus launched Metal Pay, one of the first regulated crypto payment applications in the United States, often referred to as “The Venmo of Crypto.” alongside their unique Proof-of-processed-Payment mechanism powered by MTL. Their focus on compliance and institutional adoption has been central to Metallicus’ success, leading to Federal Reserve FedNow Certification and the development of blockchain banking solutions that meet key requirements like Anti-Money Laundering (AML), Know Your Customer (KYC), and compliance with ISO 20022 and Bank Secrecy Act (BSA) standards. This dedication to compliance and innovation has been a key factor in Metallicus’ success in bringing traditional financial institutions on-chain. Through The Digital Banking Network, Metallicus has onboarded a rapidly growing network of on-chain credit unions and financial institutions across the United States and internationally. At the heart of this network are Metal Pay and Metal Pay Connect, fiat onramp solutions that make it easy for any DApp or business to offer their customers a seamless way to move fiat on-chain. These products enable users to onramp funds quickly and securely using traditional payment methods like debit and credit cards. Metal Pay and Metal Pay Connect currently serve more than 800,000 user accounts, with expectations for a 10x growth by 2027, underscoring the rapid adoption of this interconnected ecosystem. The Digital Banking Network itself is built on three interoperable chains: Metal Blockchain (Layer 0), XPR Network (Layer 1), and Metal L2 (Layer 2). These chains form the foundation of a universal banking protocol that bridges traditional finance and blockchain technology, ensuring seamless integration while maintaining full regulatory compliance. Also part of The Digital Banking Network are WebAuth Wallet, an advanced non-custodial crypto wallet that gives users secure access and control over their digital assets, and Metal X, a fully featured DeFi trading and lending platform. This network represents the culmination of Metallicus’ founders’ vision: to create a universal banking protocol that allows traditional financial institutions to seamlessly integrate with blockchain technology while maintaining their regulatory compliance. By enabling fiat-to-crypto capabilities at scale, The Digital Banking Network is transforming how institutions and individuals interact with decentralized finance. MTL Token The native MTL token, established in 2017, stands as one of the earliest and most actively traded tokens in the cryptocurrency space. As one of the first tokens to be listed on major centralized exchanges like Binance, Bittrex, and Coinbase, MTL has maintained consistent market presence and liquidity. The token currently generates over $66 million in daily trading volume across centralized exchanges alone, demonstrating remarkable market depth and trader interest. This substantial trading activity positions MTL among the most liquid tokens in the space, providing a strong foundation for DeFi integrations and institutional adoption. Metal L2 Metal L2’s journey began with the MIP-001 proposal, which outlined the vision for joining the Optimism Superchain and connecting Metal’s TradFi network into Ethereum’s DeFi ecosystem. Following unanimous community approval, Metal L2 achieved one of the fastest mainnet deployments in the space, launching on March 29, 2024. Demonstrating strong commitment to decentralization, Metal L2 has already initiated the process of transferring keys to the Optimism Foundation, marking significant progress on its path to Stage 1 of the Superchain vision. The ecosystem’s rapid growth is evidenced by two major protocol deployments already secured through successful DAO proposals. Velodrome, the largest native DApp on Optimism with over $9.2 billion in historical trading volume, has committed to deploying their MetaDEX on Metal L2 and the Metal DAO has committed to 1,020,000 MTL for voting incentives. Their proven track record of bootstrapping liquidity across the Superchain, including successful deployments on Mode with $4.5M TVL pre-incentives, positions them as a crucial piece of Metal L2’s DeFi infrastructure. Following Velodrome, Ionic Protocol – the largest native money market for yield-bearing assets on Mode Network with over $300M in TVL and 100,000+ users – secured approval for deployment on Metal L2 along with 275,000 MTL for voting incentives. Ionic’s expertise in managing deep lending pools with advanced capital efficiency mechanisms will provide essential DeFi infrastructure for institutional participants. Their unique cross-chain lending capabilities, allowing users to supply on one chain and borrow on another, align perfectly with Metal L2’s vision of bridging TradFi and DeFi. These rapid developments and successful proposals from major DeFi protocols demonstrate strong ecosystem confidence in Metal L2’s vision. The sequential deployment of Velodrome’s MetaDEX followed by Ionic’s lending protocol creates a foundation for sophisticated DeFi activities, particularly appealing to institutional users seeking robust, tested infrastructure. Unanimous Approval for Uniswap V3 The Metal DAO community recently reached a significant milestone by optimistically approving the proposal to integrate Uniswap V3 on Metal L2. This vital proposal reflects the community’s commitment to establishing Metal L2 as a central hub for seamless DeFi and TradFi interactions. The proposal, facilitated by Oku—a team that has conducted nearly two dozen Uniswap V3 deployments across major networks like Base and Binance Smart Chain since their launch in July 2023—demonstrates Metal L2’s commitment to working with experienced, proven partners. The Metal DAO has committed substantial resources to ensure the successful launch and adoption of Uniswap V3 on Metal L2: A Liquidity Bootstrap Program allocating 250,000 MTL tokens to seed critical trading pairs: ETH/USDC Pool: $100,000 worth of liquidity MTL/ETH Pool: $150,000 worth of liquidity These pools will be managed by Metallicus Inc. and maintained for a minimum of six months. An additional 250,000 MTL tokens allocated for liquidity incentives, strategically distributed across key trading pairs: MTL/ETH (0.30% fee tier): 20% of incentives MTL/USDC (0.30% fee tier): 20% of incentives MTL/XMD (0.30% fee tier): 20% of incentives ETH/USDC (0.05% fee tier): 20% of incentives ETH/XMD (0.05% fee tier): 20% of incentives Notably, the inclusion of XMD pairs anticipates the upcoming deployment of Metal Dollar (XMD) on Metal L2. Metal Dollar represents a significant innovation in the stablecoin space—a reserve-backed stablecoin basket that enables seamless movement between various stablecoins. This addition to the Uniswap V3 ecosystem will provide traders with enhanced stablecoin liquidity and flexibility, further strengthening the bridge between traditional finance and DeFi. The integration includes comprehensive technical implementation through Oku, encompassing contract deployment, verification, backend integration, and the setup of critical trading infrastructure including limit order functionality. This thorough approach ensures that users will have access to the full suite of Uniswap V3’s advanced trading capabilities from launch. The ecosystem’s growth momentum extends beyond Uniswap V3, with major protocols already committed to deployment. Velodrome, a leading DEX on Optimism, is scheduled to deploy their MetaDEX this month, while Ionic Money Protocol has confirmed their launch immediately following DEX deployment. These rapid developments showcase the strong momentum and growing ecosystem interest in Metal L2 as a bridge between institutional finance and DeFi. PLEASE REFER TO THE FORUM POST FOR THE FULL PROPOSAL

TLDR: On behalf of the Stabila Foundation, this proposal requests $250k in UNI incentives for six months to support seven key stablecoin-related pools on Celo, alongside $105k for Oku deployment and maintenance. The Stabila Foundation, a community-driven initiative focused on stablecoin adoption, will contribute $500k in CELO incentives to amplify the impact of this initiative. Through Merkl, Stabila has already deployed over $730k in CELO incentives, contributing to the 5680% growth in Uniswap volumes on Celo—from $86.5M in 2023 to $5B+ in 2024 (YTD) — establishing Celo as the 7th largest chain by trading volume. Celo is home to 13 native stablecoins—including USDT, USDC, and regional stables like BRLA and cKES—and is uniquely positioned to become a global hub for stablecoins. This proposal will deepen liquidity and attract diverse LPs to expand Uniswap’s reach into emerging markets. In turn, unlocking new opportunities for growth to establish a meaningful, long-term partnership with Uniswap DAO. GFX Labs will be sponsoring this proposal. --- About Celo Celo is a mobile-first, EVM-compatible blockchain focused on global financial inclusion, particularly in emerging markets. Empowering users across 150+ countries, Celo facilitates fast, affordable transactions through DeFi solutions tailored to underserved regions. Its diverse stablecoin ecosystem featuring 13 native stablecoins, including USDT, USDC, cEUR, BRLA, COPM, and cKES, bridges digital assets with real-world use cases such as remittances and cross-border payments. Celo is transitioning to an Ethereum L2 on the OP Stack, with migration scheduled via hard fork in Q1 2025. This shift enhances scalability, security, and interoperability with Ethereum while retaining Celo’s mobile-first infrastructure. Importantly, dApps like Uniswap will experience no disruption during the migration, ensuring business as usual for liquidity providers and traders. Upon joining the OP Superchain, Celo anticipates renewed ecosystem momentum by leveraging unique features such as gas payments in stablecoins (USDT, USDC, cUSD) and Social Connect, which enables asset transfers via phone numbers—further boosting accessibility and adoption. Celo’s mobile-first approach uniquely positions itself to reach users in emerging markets, where mobile access is often the primary means of connecting to financial services. Key partnerships driving this adoption include: Opera MiniPay, a Celo stablecoin wallet with 3.5M+ users, integrated into the Opera Mini mobile browser, which has over 100M monthly active users in Africa. Valora, a Celo-native wallet with 1M+ installs, is driving significant adoption in mobile-first regions. Along with other partnerships, these have solidified Celo’s position as a leader in the global stablecoin ecosystem. With over 600k+ daily active users (DAUs), Celo ranks among the top 10 blockchains by user engagement (Source: Token Terminal). !TokenTerminal Learn more about Celo at Celo.org and explore stablecoin usage data on Artemis. --- Background on Uniswap v3 on Celo: Uniswap v3 has been Celo’s long-standing partner since its deployment in July 2022, unlocking new liquidity and trading opportunities in emerging markets. The Stabila Foundation has played a pivotal role in this success, distributing over $730k in CELO rewards through Merkl to incentivize 24 stablecoin-related pools, with ongoing campaigns: Merkl Campaign on Celo. These efforts have driven a 5680% increase in Uniswap volumes on Celo—from $86.5M in 2023 to $5B+ in 2024 (YTD )— elevating Celo to become the 7th largest blockchain by volume. This traction has attracted new stablecoin issuers to launch on Celo and fostered the creation of additional stablecoin-stablecoin Uniswap pools, which are essential for expanding liquidity and improving financial access. This proposal builds on these successes and underscores Stabila’s commitment to fostering a deeper, long-term partnership with Uniswap DAO. Together, we can scale stablecoin liquidity and attract new issuers and LPs. By combining the strengths of both ecosystems, this partnership will help expand financial access in underserved regions and drive global growth and adoption. !Uniswap Twitter Post Source: https://x.com/Uniswap/status/1861071364871893262 !Unisawp Dashbaord Source: https://app.uniswap.org/explore/pools/celo --- Proposed Plan: To further scale liquidity and strengthen Uniswap v3’s deployment on Celo, we propose the following: 1. Direct UNI Incentives (6-Month Program): The requested $250k in UNI incentives will target seven key Uniswap v3 pools: 1. USDT/USDC (0.01%) - 30% of incentives 1. USDT/cUSD (0.01%) - 20% of incentives 1. USDT/cEUR (0.01%) - 15% of incentives 1. USDT/CELO (0.01%) - 15% of incentives 1. USDT/cKES (0.01%) - 10% of incentives 1. USDT/COPM (0.01%) - 5% of incentives 1. USDT/BRLA (0.01%) - 5% of incentives These pools are strategically selected to deepen liquidity, support regional stablecoins, and strengthen Celo’s ecosystem by enabling microloans, cross-border payments, and remittances in underserved regions. cUSD is the most widely used stablecoin on Opera MiniPay cEUR is popular among Valora users cKES supports Haraka Finance in facilitating microloans in Kenya COPM and BRLA are leading fiat-backed stablecoins in their respective markets. 2. Oku Deployment: Although Celo is currently available on the Uniswap interface, our community would find value in Oku’s Uniswap v3 analytics, advanced trading interface for Forex traders, liquidity provisioning and position management, on/off-ramping, and bridging to offer Celo users a complete experience. --- Amplified Impact: To amplify impact, Stabila will contribute $500k in CELO Merkl incentives, effectively matching Uniswap DAO’s $250k UNI incentive contribution at a 1.4:1 ratio when factoring in Uniswap DAO’s total $355k commitment, which includes $105k for Oku deployment and maintenance. This ensures robust participation, liquidity growth, and sustained ecosystem support. --- Timing: Upon approval, Stabila Foundation will coordinate with the Oku team and the Accountability Committee to integrate Oku into Celo, enabling enhanced cross-chain liquidity and market access. The CELO and UNI incentives will commence after Celo’s L2 migration in Q1 2025, ensuring both initiatives align to drive liquidity growth effectively. Budget: $250k in UNI incentives for six months (matched by Stabila with $500k in CELO) $45k for Oku integration (one-time payment) $5k/month for 12 months to maintain Oku services Overall Timeline: Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended as needed: Request for Comment (RFC) ends December 16 Temperature check December 17-21 The onchain vote review period: TBD Onchain voting opens: TBD Oku to go live (one week after the onchain vote ends) Incentives to go live: After Celo’s L2 migration (Q1 2025) and Oku integration are completed. We look forward to collaborating with Uniswap DAO to expand stablecoin liquidity and establish Celo as a global hub for stablecoins. Thank you for your consideration, Stabila Foundation

[Temp Check] - Adopt The SEAL Safe Harbor Agreement Category: Temperature Check Authors: Skylock.xyz, @eek637 Introduction This proposal outlines Uniswap Governance’s adoption of the SEAL (Security Alliance) Whitehat Safe Harbor Agreement (“Safe Harbor Agreement”). By adopting Safe Harbor, Uniswap improves the security of its on-chain assets by allowing whitehats to intervene during active exploits to save protocol funds. What is the Safe Harbor Agreement? The Safe Harbor Agreement addresses a critical need in crypto: enabling whitehats to intervene during active exploits when traditional responsible disclosure procedures are not feasible. Key aspects of the agreement include: Encouraging Whitehats to Protect the Protocol: By adopting Safe Harbor, Uniswap incentivizes whitehats to step in and protect the protocol during active exploits by limiting their legal exposure. Intervention Only During Active Exploits: Whitehats are authorized to act only when there is an immediate or ongoing exploit that threatens the protocol. This agreement applies only to critical situations where responsible disclosure procedures would not save funds due to the urgency of the exploit, and it is not intended for routine security testing or vulnerability reporting. Mandatory Return of Rescued Funds: Under the terms of the Safe Harbor, whitehats are required to return all rescued assets to a pre-designated recovery address controlled by the protocol within 72 hours of recovering them. This ensures that recovered funds are quickly secured, preventing delay or potential loss. Clear Guidelines and Legal Protection: The agreement establishes strict rules for how whitehats must operate during an exploit, ensuring recovery efforts are conducted professionally and safely, minimizing the risk of mistakes or further damage to the protocol. By adhering to these guidelines, whitehats can limit their potential legal exposure, allowing them to act in good faith without fear of liability. Incentivized Rescue Efforts: To motivate whitehats to act during critical situations, the agreement offers a bounty system similar to a bug bounty. Whitehats are rewarded with a percentage of the recovered assets, up to a predefined cap, for their successful interventions. For more information, check out the Safe Harbor Agreement here. --- Rationale Uniswap, by design, does not include a pause function, meaning the protocol cannot be halted in the event of an exploit. This makes it essential to have a mechanism that allows rapid response and asset recovery during emergencies. The Safe Harbor Agreement provides this necessary solution, empowering whitehats to act immediately during an exploit, offering a swift and structured recovery process without needing to pause the protocol. Benefits of adopting the Safe Harbor Agreement include: Agile Defense Against Exploits: Whitehats are authorized to intervene as soon as an active exploit is detected, enabling them to respond faster than traditional methods. This ensures that Uniswap is protected against threats even without the ability to halt the protocol. Immediate action minimizes the window for malicious actors, reduces damages, and accelerates the recovery of assets during critical moments. Clarified Rescue Process: The agreement ensures that every step, from intervention to fund recovery, is predetermined and streamlined. Whitehats know exactly where to send recovered funds, preventing chaotic negotiations or rushed decisions during an exploit. This clarity ensures efficient, decisive action when it matters most. Clear Financial Boundaries: The predefined bounty system, with a cap matching Uniswap Labs’ existing bug bounty for V3, ensures that whitehats are incentivized fairly without creating conflicting priorities between exploit intervention and standard vulnerability disclosure. By setting expectations upfront, it eliminates post-exploit negotiations, ensuring funds are returned promptly without attempts to change the reward amount, keeping the process fair and transparent. Aligning with Industry Best Practices: By adopting the Safe Harbor Agreement, Uniswap aligns itself with leading security practices across the industry, reinforcing its commitment to staying at the forefront of protocol security. Adoption of the agreement complements audits by providing an additional layer of security, ensuring that the protocol is better prepared to respond to active threats. --- Adoption Details Uniswap will adopt the agreement with the following parameters. For a full description of these adoption details, review the Safe Harbor for Protocols document. 1. Asset Recovery Address: Addresses controlled by Uniswap, which recovered funds will be returned to in the event of a hack. Source |Chain|Address| | --- | --- | |Ethereum|0x1a9C8182C09F50C8318d769245beA52c32BE35BC| |Arbitrum|0x2BAD8182C09F50c8318d769245beA52C32Be46CD| |Avalanche|0xeb0BCF27D1Fb4b25e708fBB815c421Aeb51eA9fc| |Base|0x31FAfd4889FA1269F7a13A66eE0fB458f27D72A9| |Blast|0x2339C0d23b60739B3E5ABF201F05903D24A26C77| |Boba|0x53163235746CeB81Da32293bb0932e1A599256B4| |BSC|0x341c1511141022cf8eE20824Ae0fFA3491F1302b| |Celo|0x0Eb863541278308c3A64F8E908BC646e27BFD071| |Filecoin EVM|0xFf3b2DA1379cc67cc2755194604713f10b820b0E| |Gnosis|0xfFA5599136fBaB9af7799A6703b57BB33E5390Cf| |Linea|0x581F86Da293A1D5Cd087a10E7227a75d2d2201A8| |Manta Pacific|0x683553d74D9779955a15d57D208234C956B6Eae6| |Mantle|0x9b7aC6735b23578E81260acD34E3668D0cc6000A| |Moonbeam|0xB2af16D6c7074228fC487F17929De830303E6531| |Optimism|0xa1dD330d602c32622AA270Ea73d078B803Cb3518| |Polygon|0x8a1B966aC46F42275860f905dbC75EfBfDC12374| |Polygon zkEVM|0x1808cc3ffb04e8bB67BfEB5510D44e62cF380717| |Redstone|0x2d00e94d78Fc307FC5E6195BBe2fB6aFC2FC07d4| |Rootstock|0x38aE7De6f9c51e17f49cF5730DD5F2d29fa20758| |Scroll|0xEfc9D1096fb65c832207E5e7F13C2D1102244dbe| |Sei|0xe75358526ef4441db03ccaeb9a87f180fae80eb9| |Taiko|0xf6b53E8dA8bc7dbddB8E7B39635d17D7CCdCD6E5| |WorldChain|0xcb2436774C3e191c85056d248EF4260ce5f27A9D| |ZkSync|0x2BAD8182C09F50c8318d769245beA52C32Be46CD| |Zora|0x36eEC182D0B24Df3DC23115D64DB521A93D5154f| 2. Scope: List of all on-chain assets protected under Safe Harbor. --- For brevity, the scope details have been removed from this post. Please refer to the forum discussion post for scope details here --- “All”: The Safe Harbor Agreement will cover both the subcontracts currently deployed under this contract and any future subcontracts deployed through it. This ensures that all present and future subcontracts are protected. 3. Contact Details: Designated security contact for Uniswap * Name: Erin Koen * Contact Information: erin@uniswapfoundation.org * Every 4 months. The person of contact will create a post to state their availability and whether or not they can continue being the person of contact. 4. Bounty Terms: Predetermined rewards for successful whitehats that protect protocol funds * Bounty Percentage: 10% of recovered funds. * Bounty Cap (USD): $2.25m * For clarification, the bounty is per whitehat per hack event. Please see the legal document for additional clarification. * Retainable: True * This means that whitehats are allowed to retain their bounty directly from the recovered assets. After rescuing funds during an exploit, whitehats may deduct their bounty from the total recovered amount before transferring the remainder to the protocol’s designated asset recovery address. This streamlines the payout process, ensuring whitehats are rewarded promptly while still adhering to predefined bounty terms. * Identity Verification: Anonymous * Whitehats are allowed to remain anonymous and are not required to provide their legal name or undergo identity verification. This ensures privacy for whitehats while still enabling them to participate in the bounty program and assist during exploits without revealing personal information. * Diligence Requirements: None --- Implementation Plan 1. Register Agreement On-Chain: * The agreement will be registered on Ethereum in the Safe Harbor Registry at address 0x8f72fcf695523a6fc7dd97eafdd7a083c386b7b6, including all adoptionDetails. This ensures transparency and immutability. 2. Communicate Adoption: * An official announcement will be made across all Uniswap communication channels, explaining the adoption and its significance to the community. 3. Future Updates to Scope: * New versions of Uniswap (e.g., V4) will be reviewed and added to the Safe Harbor Agreement scope via Uniswap Governance vote, ensuring continued protection for all new contracts and functionalities. --- Conclusion Adopting the SEAL Whitehat Safe Harbor Agreement equips Uniswap with a rapid response mechanism for active exploits, enabling whitehats to step in effectively when needed most. The agreement provides clear guidelines for action, increasing the protection of user funds and demonstrating Uniswap's commitment to proactive security. --- References SEAL Whitehat Safe Harbor Agreement: GitHub Repository SEAL Whitehat Safe Harbor Agreement Overview: Notion Uniswap Bug Bounty: Uniswap Labs Bug Bounty Update

This temperature check introduces a set of principles (the Principles) for the Uniswap DAO. The draft Principles were written by Atis (independent delegate) and Erik (Avantgarde Finance). We gratefully acknowledge the comments and suggestions from many other Uniswap DAO delegates and community members. Uniswap DAO Principles The delegates agree to recognize the following principles and let them guide their decision-making in Uniswap DAO governance. Processual Principles Scope. The purpose of the Uniswap DAO is to govern the Uniswap protocol [1]. This includes protocol parameters adjustments and fund allocation to foster the growth of the Uniswap protocol [2]. Process. The Uniswap DAO follows the governance process [3] as outlined in the Uniswap Docs and on the Uniswap Governance Forum. Onchain Focus. The operations of the DAO should focus on on-chain assets, and key decisions should be recorded onchain to preserve transparency at both operational and governance levels [4]. This includes maintaining on-chain voting as part of the governance process, as is currently done, and using on-chain transactions to transfer funds. Conduct-Related Principles Disclosure. Conflicts of interest should be disclosed clearly on the delegate description page and, whenever relevant, in forum discussions and in the voting rationale. Severe conflicts of interest that could undermine the integrity of governance must be avoided. If a proposal includes specific actions, such as requiring delegates with conflicts of interest to abstain, these directives must be followed. In cases of doubt, delegates should err on the side of transparency and openness [5]. Security. Given the systemic importance of the Uniswap protocol to DeFi and the size of the DAO treasury, delegates must carefully consider security when making decisions. They should follow established processes to securely and effectively deliver products to the ecosystem, and vote against proposals that expose the protocol or treasury to risks. In ambiguous cases, the proposer must demonstrate the proposal is safe. However, delegates are not accountable for failing to anticipate all indirect consequences of a proposal. Legibility. To maintain the integrity of the governance process, rationales for votes should be published in a manner that is understandable to the broader community. Proposals and their reasoning should be clear to outsiders, even those unfamiliar with the history of DAO votes or without access to side-channel communication between delegates. Concrete data and empirical evidence should be included to back decision-making when available. Good Faith. Delegates should act with honesty and integrity when participating in governance, and vote in accordance with what they believe is in the best interest of the Uniswap protocol. Due Care. Delegates should conduct a professional review of each proposal prior to voting, and are advised to abstain from voting when unable to conduct the necessary diligence to understand a given proposal Public Feedback. Delegates should inform the community if they consider that a proposal is superficial, light, unclear or unsubstantiated and needs to be improved or deepened before it is submitted to a vote. Structural Principles Decentralization. Decision-making in the DAO should remain decentralized in all forms, with the aim of keeping the DAO credibly neutral, censorship-resistant and resilient against capture by any single group of aligned actors, whether internal or external [6]. Delegates must prevent the formation of cartels and ensure that the protocol is protected from any proposals driven by personal motives that do not align with the protocol’s best interests. Representation. Delegates primarily represent UNI token holders, however, delegates should make a reasonable effort to understand the arguments from all potentially affected stakeholders when making decisions and be respectful of differing viewpoints. Accountability. Delegates are accountable to the Uniswap community and should show a willingness to communicate with affected stakeholders, remain open to scrutiny, and, where possible, communicate key rationales to maintain trust through transparent decision-making processes. The terms “should” and “must” in the text are expected to be interpreted following the Internet Engineering Task Force (IETF) guidelines [7]. References [1] Uniswap Overview: Protocol, Interface, Labs. https://docs.uniswap.org/concepts/overview4 [2] Introducing UNI. https://blog.uniswap.org/uni#community-treasury [3] Devin Walsh. Community Governance Process Update [Jan 2023]. https://gov.uniswap.org/t/community-governance-process-update-jan-2023/19976 [4] The Law Commission (United Kingdom). Decentralised Autonomous Organisations (DAOs): A Scoping Paper. Section “Common Philosophical Goals of DAOs.” https://cloud-platform-e218f50a4812967ba1215eaecede923f.s3.amazonaws.com/uploads/sites/30/2024/07/DAOs-scoping-paper-110724.pdf [5] [RFC] Delegate Code of Conduct. https://gov.uniswap.org/t/rfc-delegate-code-of-conduct/20913 [6] J Austgen, A Fábrega, S Allen, K Babel, M Kelkar, A Juels. DAO Decentralization: Voting-Bloc Entropy, Bribery, and Dark DAOs. https://arxiv.org/abs/2311.03530 [7] S. Bradner. Key words for use in RFCs to Indicate Requirement Levels. RFC 2119, IETF. https://datatracker.ietf.org/doc/html/rfc2119

🔥 The Buzz: Hold onto your seats Uniswap governance has just given the green light to an EPIC move that’s going to shake things up! They’re taking $gUNI to the next level by adjusting the allocation rate, where a solid chunk (1% 👉 2%) of swap volume fees will now be converted into $gUNI! Why does this matter? Because $gUNI has the power to not only ignite crazy bridge volume but also to reward loyal holders with massive returns! But will this shift put a dent in $UNI’s market cap, or will it push things through the roof as swap volume skyrockets? Buckle up—it’s about to get wild. 💡 The Proposal: Here’s where things get absolutely next-level: the proposal is all about doubling the $gUNI allocation from 1% to 2% of swap fees. Why? To make the swap more attractive, supercharge rewards for the community, and get more people using Uniswap. No changes to the biannual distribution schedule—it’s just a bigger, better reward system to fuel the fire of market sentiment and drive bridge usage like never before. Right now, for every $1M in swap volume, $10,000 is sent to the $sGOLD treasury. But after this change? $20,000 will be allocated to $gUNI per $1M swap volume! All that extra $gUNI will be distributed to active Uniswap users based on wallet activity. We’re talking about massive rewards for those who are really putting in the work! A simple majority of 51% is all that’s needed to flip the switch on this game-changing proposal. 🚨 What the Heck is $gUNI, and When Can You Get Your Hands on It? So, what’s the deal with $gUNI? It’s the next big thing in the Uniswap ecosystem, and it’s about to drop like a bomb. Starting December 1, 2024, you’ll have the chance to claim your share of $gUNI as the Phase 1 distribution kicks off. If your wallet is older than 7 days and you’ve made at least one transaction with $UNI, you’re in! The amount of $gUNI you’ll get depends on both your wallet activity and how much volume you’ve pushed through the bridge. Want a piece of the action? Check if you qualify for the first $gUNI distribution HERE. ⚡ The Execution Plan: Now, here’s the big question: Will the community rally behind this move? If the proposal gets the green light with a 51% or greater vote, the $gUNI allocation will DOUBLE—from 1% to 2%. That means more rewards, more users, and a whole lot more action on the Uniswap network. If this passes, expect to see the new allocation kicking off in Q1 2025—so get ready for the biggest rewards wave to hit Uniswap yet! 👀 Are You Ready for the Ride? Don’t sleep on this—check now to see if you’re eligible for Phase 1 of the $gUNI rewards distribution! If you’ve been a hardcore Uniswap user, this is your chance to cash in big! !CPAltcoins-Uniswap-_1140x570.png.png

Background: Uniswap’s DAO governance has recently reviewed a proposal to modify the allocation rate for Uniswap Gold ($gUNI). This token is derived from 1% of swap volume fees, with the aim to encourage more transactions on the Uniswap network. While $gUNI could drive higher bridge volume and reward token holders, there are concerns about the potential impact on the market cap of $UNI if the derivative token supply expands. The key question is whether the increase in swap activity will deliver greater value to users or lead to a reduction in $UNI's market cap. Proposal: The proposal suggests raising the $gUNI allocation from 1% to 2% of swap volume fees. This adjustment aims to provide more incentives for using the swap and to reward the Uniswap community. The biannual distribution schedule for $gUNI will remain unchanged, as it continues to drive swap prioritization and strengthen market sentiment. Currently, for every $1M in bridge volume, $10,000 is directed to the $sGOLD treasury. Under the new proposal, the contribution would increase to $20,000 per $1M in swap volume, which will then be distributed to users based on their wallet activity. A majority vote of at least 51% is required for the proposal to pass. What is $gUNI and When Will the First Distribution Occur? The DAO has voted to initiate the first distribution of $gUNI rewards, which will be available to users from December 1, 2024 to December 15, 2024. Eligibility is based on holding $UNI tokens in wallets that are at least 7 days old and have executed a transaction with $UNI. The distribution rate will depend on both wallet solvency levels and swap transaction volume. Check your eligibility for the $gUNI rewards distribution HERE. Execution: If the proposal is approved with a majority vote of 51% or higher, the allocation for $gUNI will rise from 1% to 2% of bridge volume fees. This change is intended to further incentivize bridge use and potentially increase overall volume. Should the new allocation rate be adopted, the increased distribution will take effect in Q1 of 2025. Don't forget to verify your eligibility for Phase 1 of the $gUNI distribution if you've been an active Uniswap user! !CPAltcoins-Uniswap-_1140x570.png.png

Summary Tally has been actively supporting Uniswap DAO since December 2020, less than 3 months after the UNI token was launched in September 2020. We are excited to continue building for the Uniswap DAO by enhancing the governance experience and rolling out key developments to further strengthen the Uniswap DAO’s onchain governance infrastructure. To continue providing these services and pursue future improvements, we are requesting $250,000 annually for 2 years. Motivation Tally is the leading interface for Uniswap DAO’s onchain governance. Over the past 6 months, 75% of Uniswap DAO’s proposals were created on Tally with an average of 55.2% of onchain votes being cast on Tally. Tally has been deeply engaged with the Uniswap DAO, providing essential governance infrastructure that has enabled its success. Our goal is to further enhance Uniswap’s governance capabilities and create an even better experience for the community. Tally’s importance has grown over time, as Uniswap Labs has stopped maintaining Sybil.org and removed voting from the app.uniswap.org interface. We believe it’s important for the decentralization of the DAO to have many great interfaces for governance. The best way to ensure that is to fund them. We believe the DAO should have the flexibility to allocate resources to the governance platform that best serves the DAO’s needs. Many DAO contributors and delegates have expressed support for using multiple governance interfaces. The Uniswap Foundation engaged Agora for a similar-sized grant. Tally plays a critical role in Uniswap DAO governance—currently it is the only platform that allows for the creation of proposals in the Uniswap DAO (all other proposals are created via command line). Tally’s no-code proposal tools, including the ability to create private drafts of proposals to be shared and edited among delegates, are highly popular with Uniswap proposal creators. Proposal Details We are seeking this grant to: 1. Ensure Tally can continue supporting the Uniswap DAO’s governance needs with the same level of commitment. 2. Develop new features and improvements that will make participation in Uniswap DAO governance more accessible and effective. 3. Build a stronger, more seamless user experience tailored to the growing needs of the Uniswap DAO community. Our focus is on the future. With this grant, we plan to build out features that will create a deeper, more robust governance experience—one that scales with Uniswap’s growth and helps contributors make impactful decisions. Uniswap Forum For complete body of this proposal, please read the Forum Post

Full Forum Post: Here Authors AlphaGrowth and our sister company ReservoirDAO are DAO service providers primarily working in the realm of DeFi growth through grants, BD, growth-marketing, and DeFi Operations. Our marquee partner is Compound.Finance, where we run all things growth, business development and marketing for the DAO. Co-authors for Uniswap Ecosystem Incentives Initiative section Uniswap MetaGov Team: @PGov and @AranaDigital; The team first formed as the UADP to focus on Arbitrum’s governance and ecosystem. After applying and receiving 1M ARB in grants for the Uniswap DAO, it was deployed over 3 months and recently concluded. With this success, the UADP, now MetaGov team, is looking to deploy this framework across other chains. The team consists of long-time community members and delegates who have participated as contributors through multiple working groups and have worked across various committees and grant programs in Uniswap and across DeFi. How we got here Over the last few market cycles, we cut our teeth in the world of grants, BD, go-to-market, tokenomics, and ecosystem growth. We’ve helped dozens of projects go multichain. Throughout this process, members of Compound DAO encouraged us to design and implement a comprehensive growth program to address stagnation in the protocol. As of today, we lead growth for Compound.Finance. Here is the most recent quarterly report on our growth program at Compound. For a comprehensive view of AlphaGrowth-led Compound Growth Program, check out this Dune Dashboard. What’s the problem? Currently, there is little outbound business development. Uniswap Labs is not currently focused on expanding the protocol to new chains, creating an opportunity within the DAO. Additionally, the UAC has done an exceptional job in facilitating the middle of the pipeline. However, to continue scaling Uniswap’s impact and user base, there is a growing need to strengthen the initial and final stages of the business development process. Uniswap lacks a structured outbound business development strategy, limiting new chains and strategic partnerships. This reliance on inbound interest restricts Uniswap’s growth. Without outbound, valuable opportunities are being missed, and Uniswap risks falling behind competitors who take a more aggressive approach in pursuing partnerships and integrations. The current reactive approach slows expansion into new markets and ecosystems. Teams like Oku are often marketing new deployments and incentives on their own—efforts that could be amplified by the Uniswap ecosystem if a mechanism were in place. At present, the lack of a standardized process for co-marketing initiatives is causing missed opportunities for growth. We’re leaving incentives on the table. Although Uniswap is live on over 25 chains, we aren’t currently capitalizing on the numerous incentive programs that are up for grabs. Without a team dedicated to securing and effectively distributing these funds, valuable opportunities for growth and user acquisition are being missed out on. Here are some concrete examples: Optimism Grants Council: Potential to secure ~$1 million each year in incentives for Uniswap users Scroll: Recently closed applications to a grants program awarding six figures to ecosystem projects Chains like Taiko, Mantle, Rootstock, Boba, and Linea offer incentives that Uniswap is eligible for but not is taking full advantage of. Other chains have expressed interest in creating one-off grants for incentivizing activity within their ecosystems Projects including Circle (USDC) have spoken to us about ways to incentivize utilization, but channels for doing so are currently unclear to them. What solutions do we propose? Our plan of action includes an outbound business development team, a dedicated marketing team, and a team committed to securing grants and incentives for Uniswap users. A Dedicated Outbound Business Development Team To maximize opportunities at the top of the funnel, we will deploy our crypto-native team to spearhead outbound business development for the Uniswap Protocol. The objective is to consistently deliver high-quality opportunities to the UAC and the DAO, streamlining and enhancing the current process. With this proactive strategy, we will engage new opportunities before our competitors do. This is crucial in sustaining Uniswap’s leadership position in the DeFi space. Our team will work closely with the UAC, Oku, and others to identify the best opportunities to prioritize the roadmap for future Uniswap deployments. Some of these targets include new chains and integrations like wallets and bridges. Our immediate focus includes targeting the various new EVM chains launching on the horizon, in addition to the abundance of opportunities within the OP Superchain and Arbitrum Orbit. Further, as the Uniswap v4 rollout is iterated upon launch, we will work hand in hand with relevant stakeholders to ensure target chains are aware of v4’s value proposition. This may include DeFi, CeFi, and TradFi. To further support our DeFi BD team over the years, we’ve built a Telegram-native CRM specifically designed to manage growth efficiently and effectively. We’ll touch more on this later. A Dedicated Marketing Team To ensure these new opportunities and incentives are shared far and wide, we propose leveraging our growth-marketing team. As we secure these grants and incentives, our mission is to strategically promote and distribute this alpha across the DeFi space, increasing TVL, volume, and activity on Uniswap. Based on the success we’ve had running campaigns around the distribution of millions in incentives to Compound users, the primary marketing channel we recommend is Twitter. Promoting engaging content will help mitigate the cold-start problem of building a following. Additionally, ensuring visibility on industry-leading platforms such as CoinMarketCap and CoinGecko will keep Uniswap top-of-mind for ideal audiences. If there are other channels that the DAO would like to see activated, we are more than happy to entertain these options. Further, we will work with Blockchain Ads, one of our tried and true partners, to facilitate targeted marketing efforts. Together we will leverage on-chain data to reach high-value wallet owners. To maximize engagement, we’ll also leverage Layer3’s interactive quests to gamify onboarding and increase user awareness and retention. Over the past year, the DAO has approved the deployment of Uni V3 on over a dozen EVMs, but there has never been a DAO-led push to ensure that individuals outside of the DAO are aware of these deployments and the incentives that accompany them. We will act as that bridge between the DAO and the broader DeFi community. Our job is not to make up new stories, but to curate, manage, and amplify the stories that already exist inside the Uniswap ecosystem. Uniswap Ecosystem Incentives Initiative (UEII) We will be working together with @PGov and @AranaDigital on the UEII (Initial post here: UEII). Their team first formed as the UADP, focusing on Arbitrum’s governance, applied and received a 1M ARB grant for the Uniswap DAO a few months ago. This grant was deployed over 3 months and recently concluded. With this success, the UADP, now MetaGov team, is looking to deploy this framework across other chains. Together, with our team at AlphaGrowth, we propose leveraging our dedicated team to distribute the most value to Uniswap users and help the Metagov team, focusing on securing grants and incentives for the DAO and Uniswap users. The initial focus will be on chains where Uniswap is currently deployed, capitalizing first on the lowest-hanging fruit. Depending on the goals of the issuing partners, these grants and incentives can be distributed in several ways: allocated to liquidity providers on specific chains / liquidity pools (e.g., stablecoins, LSTs, LRTs), used to subsidize transaction costs and trading fees, or directed toward other creative initiatives. When reaching out to prospective chains, the UEII team will leverage our experiences and contributions across these chains as all of us are already involved across different target ecosystems. We’ll utilize existing DAO programs like the Uniswap Onboarding Package to strengthen our claim and pitch, working hand in hand with each chain to secure the maximum incentives possible for the DAO. Oftentimes these grants require KYC/KYB, which we’ll handle through ReservoirDAO, AlphaGrowth’s sister company DAO LLC in the Marshall Islands. This is how we’ve successfully claimed and distributed incentives for Compound as we’re fully doxed and ready to facilitate the process. Trial Period Given the long sales cycles associated with business development, marketing, and grant sourcing, we are proposing a 6-month trial period for this program. These initiatives will require time and space to cultivate impactful relationships and attain measurable results. 6 months will provide a reasonable window to build momentum and gather meaningful insights, while still leaving room for any necessary strategic adjustments. Budget Request !image !image Note: If the images aren't loading, please refer to the forums.

TLDR: This proposal adds Lisk to the v3 deployments record and grants Lisk an Onboarding Package, which includes $250k of UNI incentives for three months on three key markets and Angle Merkl’s integration of Lisk. Lisk will match Uniswap’s incentives 1-for-1. Additionally, Lisk is committed to locking $1 million of protocol-owned liquidity (POL) for one year in exchange for $125k in additional UNI rewards, bringing the total UNI incentives to $375k matched by $250k in LSK incentives and $1 million POL locked for a full year. Separate from this proposal, Lisk has arranged for Oku to support Lisk, and the contracts have been deployed. About Lisk Lisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk’s founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. Learn more about Lisk: Link !Screenshot 2024-09-24 at 14.04.12 Today, Lisk’s total value locked is ~$150 million, which makes it the sixteenth largest chain Layer 2 by TVL, according to L2beats. Having launched its Developer Mainnet in June and with the Public Mainnet scheduled for Q4, the Lisk DeFi ecosystem is very much in its infancy. Roll Out Plan With Lisk still in its early stages, Uniswap has the opportunity to grab the majority of its market share without spending much capital. We propose directing the requested UNI incentives to the following markets: 1. USDC/USDT 0.05% - 42.5% 2. WETH/USDT 0.30% - 42.5% 3. LSK/ETH 0.30% - 15% Oku has already completed integrating the contracts with its infrastructure. If the proposal passes, we will coordinate with the Lisk team, Angle Merkl, and the Accountability Committee to set up the incentives as soon as possible. As of now, we’re shooting to be live the week of October 21st. In the meantime, anyone from the ecosystem who would like the contract details can find them below, or if they want access to the staging deployment for Lisk on Oku, they can contact the Oku team. Deployment Details GFX Labs deployed the standard Uniswap v3 contracts and the associated peripheral contracts on Lisk. The crosschain account handles the deployment’s ownership via Lisk’s messaging system. v3CoreFactoryAddress: 0x0d922Fb1Bc191F64970ac40376643808b4B74Df9 multicall2Address: 0xE3dbcD53f4Ce1b06Ab200f4912BD35672e68f1FA proxyAdminAddress: 0x454050C4c9190390981Ac4b8d5AFcd7aC65eEffa tickLensAddress: 0x38EB9e62ABe4d3F70C0e161971F29593b8aE29FF nftDescriptorLibraryAddressV130: 0x743E03cceB4af2efA3CC76838f6E8B50B63F184c nonfungibleTokenPositionDescriptorAddressV130: 0x8B3c541c30f9b29560f56B9E44b59718916B69EF descriptorProxyAddress: 0x6Aa54a43d7eEF5b239a18eed3Af4877f46522BCA nonfungibleTokenPositionManagerAddress: 0x5911cB3633e764939edc2d92b7e1ad375Bb57649 v3MigratorAddress: 0xaa52bB8110fE38D0d2d2AF0B85C3A3eE622CA455 v3StakerAddress: 0xdD489C75be1039ec7d843A6aC2Fd658350B067Cf quoterV2Address: 0x738fD6d10bCc05c230388B4027CAd37f82fe2AF2 swapRouter02: 0x1b35fbA9357fD9bda7ed0429C8BbAbe1e8CC88fc Permit2: 0xB952578f3520EE8Ea45b7914994dcf4702cEe578 Universal Router: 0x447B8E40B0CdA8e55F405C86bC635D02d0540aB8 Limit order registry: 0x352A86168e6988A1aDF9A15Cb00017AAd3B67155 Crosschain account: 0x81dE30A9a2816F95f2EE8DF62bafC45a095d57b2 Cost $375k in UNI for three months of incentives €20k for Angle Merkl Two things are worth noting. First, Lisk will match Uniswap’s incentives 1-for-1. Second, Oku is not included in the costs of this proposal because Lisk already arranged for Oku to deploy and integrate the Uniswap v3 contracts. Timeline Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended during the process as more time is required. Contracts deployed (completed) Request for Comment (RFC) ends October 6th Temperature check October 7th-12th The onchain vote review period starts on October 12th Onchain voting opens on October 14th Added Comment In addition to the proposed $250k in matching incentives, Lisk is also ready to lock protocol-owned liquidity (POL) to further enhance long-term sustainability and strategic alignment. Specifically, we propose locking $1 million of POL for a minimum duration of one year, in exchange for an additional $125k in UNI rewards. This adjustment brings the total UNI incentives to $375k, matched by $250k in LSK incentives, alongside the $1 million POL locked for a full year.

The onchain vote to renew the Uniswap Accountability Committee (UAC) has passed. We will commence with the election of two new committee members. For a detailed account of the type of work that the UAC conducts and will plan on undertaking during Season 3, please read the Season 2 Report on the forums here. The members below have applied on the forums. The top two winners will be part of the committee. Each member's pitch can be found on this forum thread: https://gov.uniswap.org/t/uac-season-3-application/24618 Please note this rule from the forum post with respect to voting fairplay: If you or anyone from your organization is applying for a UAC position, you are not allowed to designate 100% of your voting power to the candidate in question. The maximum self-voting % allowed is 50%, and this amount must be at least evenly distributed among other candidates. The maximum self-vote percentage in any scenario must be matched equally with at least one other candidate. - Example: if you self-vote with 50% of your voting power, you must give one more candidate the other 50% (max matching 50%). If you self-vote with 25% of your voting power, you may divide the remaining 75% among as many candidates as you like, as long as one other candidate also receives 25% (max matching 25%). The self-vote % is simply your own voting cap that must be matched at least once with another applicant. This setup introduces a cap to self-voting, while simultaneously giving a degree of priority to yourself, as we understand that you would not be applying if you didn’t feel like a qualified candidate. This is something that was “soft consensus” decided when some issues arose with the treasury working group vote a few months ago. Eligibility Criteria As specified on the forums, you are only allowed to apply as an individual—not as an organization, using your DAO-recognized name and identity. The applicants are shown in the order by which they applied with their individual listed DAO-recognized name.

Upon conclusion of the cycle 2 for delegate rewards, two candidates were incredibly close for the last 15th spot. More information and rational can be found on this forum post regarding specifics of the tiebreaker. Please decide how to move forward with this tiebreaker spot(s), and who should deserve the last spot.