ETH Price: $3,116.79 (-0.00%)
Gas: 0.045 Gwei

Transaction Details

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Transaction Action
Call Propose Function by ENS Name pgov.eth on Uniswap: Governor Bravo
Transaction Hash:
0x24cf4aab971d5ec7ef3e19fee62f357fcab0fc00db5e28f829937bb7042b0018
Status:
Success
Block:
222757891733946 Block Confirmations
Timestamp:
242 days ago (Apr-15-2025 05:11:35 PM UTC)|Confirmed within 1 sec
Sponsored:
From:
ENS Name pgov.eth
To:
0x408ED6354d4973f66138C91495F2f2FCbd8724C3 (Uniswap: Governor Bravo)
Value:
0 ETH ($0.00)
Transaction Fee:
0.001084113153315412 ETH $3.38
Gas Price:
1.656621751 Gwei (0.000000001656621751 ETH)
Ether Price:
$1,588.70 / ETH
Gas Limit & Usage by Txn:
667,136 | 654,412 (98.09%)
Gas Fees:
Base: 0.911105973 Gwei |Max: 1.959092148 Gwei |Max Priority: 0.745515778 Gwei
Burnt & Txn Savings Fees:
🔥 Burnt: 0.000596238682002876 ETH ($1.86)💸 Txn Savings: 0.000197940257441564 ETH ($0.62)
Other Attributes:
Txn Type: 2 (EIP-1559) Nonce: 349 Position In Block: 6
Input Data:
Private Note:
To access the Private Note feature, you must be Logged In
View 2 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
173
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 :84
  • proposer :0x3FB19771947072629C8EEE7995a2eF23B72d4C8A
  • targets :0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
  • values :0
  • signatures :
  • calldatas :A9059CBB0000000000000000000000003B59C6D0034490093460787566DC5D6CE17F2F9C000000000000000000000000000000000000000000000F455CAAF25ACEEC0000
  • startBlock :22288929
  • endBlock :22329249
  • description :# BoB Uniswap v3 Incentives Package # 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](https://gov.uniswap.org/t/application-for-canonical-uniswap-v3-deployment-on-bob/24693). This proposal requests a Uniswap Onboarding Package for BOB Network and is brought to the DAO by the Uniswap Growth Program in collaboration with BOB (Build on Bitcoin). * As of today 27 Mar 2025, BOB boasts over [$247M of TVL](https://defillama.com/chain/BOB) across all of its Dapps, with [$42.78M in Uniswap v3 pools](https://defillama.com/protocol/uniswap-v3), 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](https://defillama.com/chains/Superchain)) * Integrated with Babylon to become a Bitcoin-Secured Network, bringing Bitcoin finality to the Hybrid L2. ([Read more](https://blog.gobob.xyz/posts/bob-integrates-with-babylon-to-become-a-bitcoin-secured-network-bringing-bitcoin-finality-to-the-hybrid-l2)) * 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](https://docs.gobob.xyz/whitepaper.pdf), [Hybrid L2 Technical Blueprint](https://blog.gobob.xyz/posts/bob-hybrid-l2-technical-blueprint) and the [BitVM V2 Paper](https://bitvm.org/bitvm_bridge.pdf) 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](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](https://blog.gobob.xyz/posts/announcing-bob-rise-a-new-defi-campaign-in-collaboration-with-optimism) 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](http://bobrise.xyz) (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](https://app.charmverse.io/op-grants/build-the-future-of-bitcoin-defi-on-the-superchain-with-bob-01674730223691645) ### 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 ](https://blog.gobob.xyz/posts/bob-fusion-the-final-season)about the Fusion Campaign Check out [BOB Fusion on BOB Dapp](https://app.gobob.xyz/fusion). 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](upload://854GUSyPNkj8tn3JepH2KzwQKSJ.png) ### 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](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.

                

            




            

                

                    
                    

                        

                            

                                
                                    

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