ETH Price: $2,129.93 (+0.80%)

Transaction Details

Transaction Action
Call Exec Transaction Function by ENS Name getty.gfxlabs.eth on Smart Account by Safe GFX Labs
Transaction Hash:
0x2110e0222379b8fd644b7c537736d78b1d3f576e5819a0e427c26dd8d0b8409b
Status:
Success
Block:
192441755891436 Block Confirmations
Timestamp:

Sponsored:


Value:
0 ETH ($0.00)
Transaction Fee:
0.010522300973435232 ETH $22.41
Gas Price:
17.151600314 Gwei (0.000000017151600314 ETH)
Ether Price:
$2,787.00 / ETH
Gas Limit & Usage by Txn:
635,336 | 613,488 (96.56%)
Gas Fees:
Base: 17.142698908 Gwei |Max: 18 Gwei |Max Priority: 0.008901406 Gwei
Burnt & Txn Savings Fees:
🔥 Burnt: 0.010516840067671104 ETH ($22.40)💸 Txn Savings: 0.000520483026564768 ETH ($1.11)

Other Attributes:
Txn Type: 2 (EIP-1559) Nonce: 783 Position In Block: 101
Input Data:

Private Note:
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View 4 zero value Internal Transactions in Advanced view mode
ADVANCED MODE:
AA Txn Hash Method Position From Internal Txns Token Txns NFT Txns Txn Fee (ETH) Gas Limit
Transaction Receipt Event Logs
200
Address
0x408ed6354d4973f66138c91495f2f2fcbd8724c3 (Uniswap: Governor Bravo)
Name

ProposalCreated (uint256 id, address proposer, address[] targets, uint256[] values, string[] signatures, bytes[] calldatas, uint256 startBlock, uint256 endBlock, string description)View Source

Topics
  • 0 0x7d84a6263ae0d98d3329bd7b46bb4e8d6f98cd35a7adb45c274c8b7fd5ebd5e0
Data
  • id (uint256) :59
  • proposer (address) :0xa6e8772af29b29B9202a073f8E36f447689BEef6
  • targets (address[]) :0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
  • values (uint256[]) :0
  • signatures (string[]) :
  • calldatas (bytes[]) :A9059CBB0000000000000000000000003B59C6D0034490093460787566DC5D6CE17F2F9C000000000000000000000000000000000000000000007448125A285B81900000
  • startBlock (uint256) :19257315
  • endBlock (uint256) :19297635
  • description (string) :# Uniswap Revitalization and Growth Proposal [Forum thread](https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616?u=gfxlabs) [Temperature checks](https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616/41?u=gfxlabs) [Post-Temp check post](https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616/48?u=gfxlabs) ## TLDR Uniswap v3 utilized its first mover advantage and achieved dominance on Ethereum, Arbitrum, Optimism, and Polygon, but on more recent EVM chains has seen limited market share growth. The goal of this proposal is to take Uniswap on the offensive by actively supporting and incentivizing new deployments of Uniswap v3. If successful, we will be able to grow Uniswap's market share and increase the amount of volume growing through protocol-owned deployments rather than leaving the opportunity for more Uni V3 forks to grab market share. To put Uniswap back in the driver's seat, this proposal creates an **Onboarding Package** that the DAO can proactively deploy to new EVMs and invite EVMs to seek out official Uniswap v3 deployments. ## How can we increase Uniswap’s market share? * By supporting the latest emerging EVM chains and securing Uniswap a dominant position early * For example, Monad, Linea, Scroll, Polygon zkEVM, Bera, Taiko, etc * By further investing in current deployments where Uniswap is not a dominant player * For example, Binance Smart Chain, zkSync, Base, etc Since Uniswap v3 launched, little has been done to drive the growth of any Uniswap v3 deployments outside of Polygon, Optimism, and Arbitrum. Of which, each strongly benefited from early mover advantages. Today, there are 13 deployments of Uniswap v3. Many of the new deployments are newer chains that, while today, don’t have the usage seen on Arbitrum, Polygon, or Optimism, one or multiple of them will likely grow to be as big or bigger. On each of these deployments, Uniswap is currently the underdog. We’re competing against Uniswap v3 & v2 forks and other concentrated liquidity protocols, which often have more focused resources for marketing and distribution than Uniswap and often boast close relationships with the chain’s team. The good news is these chains are still generally nascent. So, if Uniswap acts quickly, it can take the lead spot and likely hold it thanks to its robust ecosystem of tooling and support. ## Introducing the Onboarding Package It is high time we made getting Uniswap v3 on new EVMs easy. The package covers everything from deployment of contracts, data infrastructure, user interface, liquidity incentives, and tooling to distribute the incentives. With this package, the Uniswap DAO can go live on new EVM chains significantly faster. GFX Labs will handle the deployment of Uniswap v3 core and peripheral contracts, verifying the contracts, making data available to other ecosystem projects and players via the [Oku API](http://oku.trade/api), and integrating the deployment into the Oku [trade](http://oku.trade/app) and [analytics](http://oku.trade/info) interface. [Angle Merkl](https://merkl.angle.money/) will handle the distribution of UNI rewards. Lastly, the Uniswap Accountability Committee will escrow the funds in their multisig for the packages. ### Liquidity Incentives Liquidity incentives will range between $250k and $1m and be voted in on a Temperature Check. Incentives will be distributed in UNI over three months. Once the three months are completed, delegates should look at the remaining liquidity and Uniswap's market share position to gauge the program's success. Overall, the program is meant get Uniswap's foot in the door and secure a stronger brand position on the chain. The package will target 3-5 pools. Generally, mainstays like ETH/USDC, ETH/BTC, USDC/USDT, and one or two key local pairs. For example, MATIC/ETH on Polygon. ### Pricing * For Oku to support a new chain, it’s $45k for the initial integration and $5k/month for 12 months. This covers deploying the contracts, getting the new chain onto the frontend, the Oku API (free), our onchain limit order functionality, our cloud costs for hosting the API, our global system for quoting, node requests, and DevOps maintenance. * Oku currently supports 11 chains. Any of the current chains or chains that we're already in the process of adding to the frontend do not necessitate an additional cost. Oku only charges for new deployments requested by the DAO. * Angle Merkl has a one-time setup fee of €20k for going to a chain that they do not support. For chains they do support, but don't have Uniswap configured for the have a one-time setup fee of €10k. [Supported chains](https://docs.angle.money/merkl/supported-chains-amms) * Merkl charges 3% on funds distributed using their tool. They have offered a 25% discount on their base 3% fee for incentives distributed between $2.5m-$5m, a 50% discount on incentives distributed between $5m-$10m, and a 75% discount on all incentives above $10m in a 365-day period. ## First round of Onboarding Packages The initial Temperature Checks ended two weeks ago. For links to them, go [here](https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616/41?u=gfxlabs). For the Post-Temp check summary, go [here](https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616/48?u=gfxlabs). This onchain proposal funds the following Onboarding Packages. For pool and allocation info click [here](https://docs.google.com/spreadsheets/d/1x1qve0heTIS_tp8bGbRV1ZK58D64-zSddpztM3KRDtQ/edit?usp=sharing). 1. Linea: $250k (w/Oku + Merkl) 2. Scroll: $250k (w/Merkl) 3. Polygon zkEVM: $250k (w/Merkl - UniV3 only) 4. zkSync: $500k (w/Merkl) 5. Blast: $500k (w/Oku + Merkl) 6. Base: $500k (w/Merkl) 7. BSC: $1m (w/Merkl) 8. Mantle: $250k (w/Oku + Merkl) Based on a UNI price of $7.42 and a EUR/USD price of $1.08, the image below shows the investment the DAO will make by approving this proposal. ![image](https://hackmd.io/_uploads/BJ7831nsp.png) The Uniswap Accountability Committee Multisg will receive the UNI, and Oku/GFX and the Angle team will work closely with them to get the infrastructure setup and incentives rolling on each of these chains. ## Conclusion If this proposal is approved, when a new chain wants a deployment, we can offer this package and roll it out as part of the governance proposal. This would end the current status of rubber-stamping deployment proposals and provide a reason for new chains to seek the support of Uniswap governance proactively. Uniswap could quickly take the lead on 5-10 chains through this initiative. If one of these chains grows into a major player (like Arb/Op/Poly), it will have paid for the entire program multiple times over (assuming the fee switch is someday turned). Providing a modest onboarding package helps Uniswap diversify and develop new markets without waiting to see which chains become long-term relevant - at which point it is often too late or too costly to get market share.

201
Address
0xa6e8772af29b29b9202a073f8e36f447689beef6 (GFX Labs)
Name

ExecutionSuccess (bytes32 txHash, uint256 payment)View Source

Topics
  • 0 0x442e715f626346e8c54381002da614f62bee8d27386535b2521ec8540898556e
Data
  • txHash (bytes32) :AB05557EFAB861C2AD0787C4BD8F5EB6CB74ED274F443232B0CB68FD9E6C02F0
  • payment (uint256) :0

                
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