Dear Uniswap community,
A few weeks ago we (Blockchain at Michigan in partnership with the Celo Foundation and the Celo Climate Collective) submitted a proposal to deploy Uniswap V3 on Celo to launch “Green Asset” Liquidity Pools and expand access to Uniswap to the 6B smartphone users around the world.
We initiated the Temperature Check and Consensus Check on Snapshot, where the proposal received strong support from the Uniswap community (~100%) voted yes for the proposal. Before putting forth the formal on-chain governance proposal, we wanted to ensure we worked closely with Uniswap Labs and the Uniswap community to put forth clear documentation on the cross-chain governance bridging. We believe this proposal is a first step in a long and fruitful collaboration between the Celo and Uniswap communities—a journey we are particularly excited to embark on.
We’re excited to initiate the formal governance proposal. We’d love to receive your support in this proposal.
NOTE: Based on community feedback and conversations with Uniswap Labs we’re also adding the following items in the proposal since the consensus check version. This serves to add additional transparency mechanisms to the proposal based on what has been a highly engaging process with the Uniswap community, well as provide more information on the deployment itself:
Deploy Uniswap V3 on Celo to Launch “Green Asset” Liquidity Pools and expand access to Uniswap to the 6B smartphone users around the world
In partnership with the Celo Foundation and the Celo Climate Collective, we propose to authorize the deployment of the Uniswap protocol to Celo on behalf of the community.
Celo is a mobile-first, carbon-negative, EVM-compatible blockchain. Specifically, we propose launching Uniswap on the Celo platform to:
Overall, we believe the Uniswap community’s mission of creating a trustless and decentralized financial infrastructure accessible to anyone aligns with Celo’s vision of tackling climate change and achieving prosperity for all.
Celo’s mission is to build an open financial system that creates the conditions of prosperity for all. To execute this mission, Celo’s technology features include:
Celo is one of the fastest growing DeFi ecosystems with 2.8M addresses, up to 1.1M daily transactions, and over 111M transactions. Additionally, Celo has been chosen by Kickstarter for its upcoming decentralized product (to date, Kickstarter has successfully supported over 214,000 projects with over $6B in funding and 20M backers) which will attract new users to the ecosystem.
The Celo Reserve includes almost $1M of MCO2 tokens, and Celo community members have proposed to add more natural capital assets moving forward as part of the Climate Collective. By including more natural capital assets, the Celo community has the vision of creating natural capital backed currencies. If, as a society, we were to denominate our economic activity in natural capital backed currencies, any economic growth—increase in money circulation—would lead to a growth in preserved natural resources. Celo aims to be the layer 1 blockchain for natural capital assets, and Uniswap can be the natural capital DEX for these assets on Celo.
Blockchain technology can help address greenhouse gas emissions and promote sustainable practices by tokenizing carbon-sequestering assets such as rainforests. Those tokenized assets can then be purchased by individuals and businesses to democratize carbon offsetting and increase funding for environmental protection projects. We believe that together, Uniswap and Celo can lead the path to growing natural capital assets.
Uniswap on the Celo platform will:
The Celo Foundation will commit $10M of CELO in Uniswap-specific user incentives & grants on Celo. The Celo Foundation has successfully delivered committed rewards in the past (e.g. Sushi) and intends to do so in this instance as well. As a good faith deposit, approximately one-third of the $10M of financial incentives to Uniswap users for green asset pools will be placed in a multisig with the Celo Foundation and 2-4 key members of the Uniswap community, including both individuals and institutions. Of the incentives placed in the multisig, up to 1% of the $10M in financial incentives ($100K) will be directed towards funding an investigation into Uniswap protocol’s climate impact, followed by a (potentially partial) mitigation phase. In addition to the $10M in financial incentives for Uniswap specifically, the Celo Foundation will also focus on broader adoption of natural capital backed currencies and link this to ongoing efforts to making DeFi and crypto more accessible to the 6B smartphone users around the world through the following:
Promote the development of a mobile-first ecosystem through developer programs such as hackathons with Uniswap as a financial building block
Lead pilots and user research to help make Uniswap more accessible, especially in markets that lack access to basic financial tools and services.
Co-grant program to support projects that are launching and driving the growth of “green assets”
Uniswap V3 will be deployed on Celo by the Celo Foundation or cLabs through the “Deploy Uniswap V3 Script.” contingent upon approval by the Uniswap community for a license exemption. Governance at deployment will be facilitated by the messaging bridge Optics. See below for additional information regarding the Optics bridge.
Overview: Optics is a generalized message passing protocol inspired by optimistic roll ups and other optimistic systems. At a high level, the Optics protocol works by utilizing a network of agents to observe and attest to messages on a source chain and relay those attestations to a destination chain, where they are accepted as valid after a 30 minute fraud window. During that window, an application’s “watchers” can disconnect it from the protocol if fraudulent attestations have been detected.. You can read more about Optics here. More info on the Optics protocol security:
The multisigs are deployed at the following addresses:
Celo: 0x070c2843402Aa0637ae0F2E2edf601aAB5E72509 (Celo Safe 31)
Ethereum: 0x2bb2a5a724170357cb691841f40d26a950d8c33d (Gnosis Safe 12)
Polygon: 0x8A1405C70c8a45177b5ac71b1d22779272E5d48b (Gnosis Safe 12)
Avalanche: 0x8a11d528d12ea09ccbf86e21B7813812b53a6900 (Pangolin Safe 7)
Does the bridge leverage the security of the source or destination chain, or is security provided by another third party entity? Optics leverages two sources of security, the updater, responsible for signing message attestations, and the ‘Watchers’, which watch for fraudulent attestations by the updater. Watchers for the Uniswap governance bridge deployment will include 5 to 10 Celo validators and contributors to key protocols on Celo. Currently, 9 groups representing key protocols on Celo or current Celo validators have expressed that they can set up a watcher for the Uniswap governance bridge.
Is it possible for a fraudulent message to be passed to the destination chain? If so, are there any recall mechanisms? In the event all watchers are byzantine, a malicious or compromised updater can result in fraudulent messages being passed to the destination chain. If even a single watcher is honest, the application will be disconnected from Optics before any fraudulent messages can be processed.
What are the ramifications of fraud to the malicious actor? In the current state, Optics Updaters, which are the actors that could behave in a malicious manner to the detriment of the system, are not bonded. In the event they were bonded, their malicious behavior would result in their bond being slashed upon a fraud proof submitted by a Watcher.
Has the bridge code been audited? By a third party? What attack vectors and vulnerabilities were identified, if any? Have the identified vulnerabilities been remedied?
While Optics will be fully sufficient for the needs of the deployment and ensure appropriate governance messaging as discussed with the Uniswap Labs team, we believe that it will be in the best interest of the Uniswap community to eventually migrate to Abacus, a new generalized cross-chain communication protocol inspired by and built upon the foundations of Optics. In this sense, Optics shall be used as a bridge into a future Abacus deployment, that can be decided upon through a future governance proposal to the Uniswap community. Similar to this process for Uniswap v3 deployment, we’re happy to work closely with the Uniswap community to make sure any changes to the governance bridge addresses cross-bridge governance needs. Abacus is expected to launch on major EVM testnets by early May, and mainnets by June and will not require a re-deployment of Uniswap v3 on Celo. Abacus will be API compatible with Optics, and will have significantly improved security guarantees. You can read more about Abacus here, but for high level security implementation details we provide the following info regarding protocol security:
Measurement
Overall, we propose a transparent measurement of this project's success through the following success criteria and long-term goals:
License Exemption
We are requesting an exemption via an Additional Use Grant (license change enacted via the ENS domain uniswap.eth) that would allow the Celo Foundation and cLabs (Celo) to use the Licensed Work to deploy it on Celo, a layer 1 EVM compatible blockchain, provided that the deployment is subject to Ethereum layer 1 Uniswap Protocol governance and control. Uniswap V3 will be deployed on Celo by the Celo Foundation or cLabs through the “Deploy Uniswap V3 Script.” Celo would be permitted to use subcontractors to do this work.
Timeline
We anticipate deployment of the smart contracts on Celo to take a few weeks. Additionally, Uniswap Labs has noted that they will need to complete some front-end updates and add Celo to the auto router—this will take ~4 weeks and they are prepared to ramp up following Uniswap community approval of this governance proposal.
Governance at deployment will be facilitated by the messaging bridge Optics. This deployment of the Uniswap governance application will take approximately 1 week—to be done simultaneously during the steps detailed above.
Celo and Uniswap together can serve as the foundation for the proliferation of natural capital assets across Web3. We believe that the vision to advance climate and regenerative finance on Celo aligns with the Uniswap community. Thank you for your consideration and we welcome questions and suggestions.
Additional note: Robert Leifke and Kyle Scott, members of Blockchain at Michigan, are co-founders of Mobius, a Celo stableswap protocol. To avoid any conflicts of interest, they have had no involvement in this partnership between Blockchain at Michigan and the Celo Foundation.
The script, as well as the test script to simulate the proposal, can be found here. We have successfully tested the transaction on a mainnet fork. A console output of the test is shown below:
josh uniswap_proposal_simulation (main) >> npx hardhat test
No need to generate any newer typings.
Celo / Uniswap additional use grant simulation
timeLockAddressFromGovernor 0x1a9C8182C09F50C8318d769245beA52c32BE35BC
subnodeResolver 0x4976fb03C32e5B8cfe2b6cCB31c09Ba78EBaBa41
blockNumber OLD 14610481
priorVotesMichigan BigNumber { value: "2500037927160073912603303" }
currentProposalCount BigNumber { value: "14" }
current number of proposals created: 15
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "0" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "0" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
false,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "0" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "0" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: false
]
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "1650528716" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "60265641182403974647229365" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
false,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "1650528716" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "60265641182403974647229365" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: false
]
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "1650528716" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "60265641182403974647229365" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
true,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "1650528716" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "60265641182403974647229365" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: true
]
The Celo Foundation and cLabs ("Celo") are granted an additional use grant to use the Uniswap V3 Core software code (which is made available to Celo subject to license available at https://github.com/Uniswap/v3-core/blob/main/LICENSE (the "Uniswap Code")).
As part of this additional use grant, Celo receives license to use the Uniswap Code for the purposes of a full deployment of the Uniswap Protocol v3 onto the Celo blockchain.
Celo is permitted to use subcontractors to do this work.
This license is conditional on Celo complying with the terms of the Business Source License 1.1, made available at https://github.com/Uniswap/v3-core/blob/main/LICENSE.
subnodeResolver 0x4976fb03C32e5B8cfe2b6cCB31c09Ba78EBaBa41
✓ proposal simulation (32840ms)
1 passing (33s)
Dear Uniswap community,
A few weeks ago we (Blockchain at Michigan in partnership with the Celo Foundation and the Celo Climate Collective) submitted a proposal to deploy Uniswap V3 on Celo to launch “Green Asset” Liquidity Pools and expand access to Uniswap to the 6B smartphone users around the world.
We initiated the Temperature Check and Consensus Check on Snapshot, where the proposal received strong support from the Uniswap community (~100%) voted yes for the proposal. Before putting forth the formal on-chain governance proposal, we wanted to ensure we worked closely with Uniswap Labs and the Uniswap community to put forth clear documentation on the cross-chain governance bridging. We believe this proposal is a first step in a long and fruitful collaboration between the Celo and Uniswap communities—a journey we are particularly excited to embark on.
We’re excited to initiate the formal governance proposal. We’d love to receive your support in this proposal.
NOTE: Based on community feedback and conversations with Uniswap Labs we’re also adding the following items in the proposal since the consensus check version. This serves to add additional transparency mechanisms to the proposal based on what has been a highly engaging process with the Uniswap community, well as provide more information on the deployment itself:
Deploy Uniswap V3 on Celo to Launch “Green Asset” Liquidity Pools and expand access to Uniswap to the 6B smartphone users around the world
In partnership with the Celo Foundation and the Celo Climate Collective, we propose to authorize the deployment of the Uniswap protocol to Celo on behalf of the community.
Celo is a mobile-first, carbon-negative, EVM-compatible blockchain. Specifically, we propose launching Uniswap on the Celo platform to:
Overall, we believe the Uniswap community’s mission of creating a trustless and decentralized financial infrastructure accessible to anyone aligns with Celo’s vision of tackling climate change and achieving prosperity for all.
Celo’s mission is to build an open financial system that creates the conditions of prosperity for all. To execute this mission, Celo’s technology features include:
Celo is one of the fastest growing DeFi ecosystems with 2.8M addresses, up to 1.1M daily transactions, and over 111M transactions. Additionally, Celo has been chosen by Kickstarter for its upcoming decentralized product (to date, Kickstarter has successfully supported over 214,000 projects with over $6B in funding and 20M backers) which will attract new users to the ecosystem.
The Celo Reserve includes almost $1M of MCO2 tokens, and Celo community members have proposed to add more natural capital assets moving forward as part of the Climate Collective. By including more natural capital assets, the Celo community has the vision of creating natural capital backed currencies. If, as a society, we were to denominate our economic activity in natural capital backed currencies, any economic growth—increase in money circulation—would lead to a growth in preserved natural resources. Celo aims to be the layer 1 blockchain for natural capital assets, and Uniswap can be the natural capital DEX for these assets on Celo.
Blockchain technology can help address greenhouse gas emissions and promote sustainable practices by tokenizing carbon-sequestering assets such as rainforests. Those tokenized assets can then be purchased by individuals and businesses to democratize carbon offsetting and increase funding for environmental protection projects. We believe that together, Uniswap and Celo can lead the path to growing natural capital assets.
Uniswap on the Celo platform will:
The Celo Foundation will commit $10M of CELO in Uniswap-specific user incentives & grants on Celo. The Celo Foundation has successfully delivered committed rewards in the past (e.g. Sushi) and intends to do so in this instance as well. As a good faith deposit, approximately one-third of the $10M of financial incentives to Uniswap users for green asset pools will be placed in a multisig with the Celo Foundation and 2-4 key members of the Uniswap community, including both individuals and institutions. Of the incentives placed in the multisig, up to 1% of the $10M in financial incentives ($100K) will be directed towards funding an investigation into Uniswap protocol’s climate impact, followed by a (potentially partial) mitigation phase. In addition to the $10M in financial incentives for Uniswap specifically, the Celo Foundation will also focus on broader adoption of natural capital backed currencies and link this to ongoing efforts to making DeFi and crypto more accessible to the 6B smartphone users around the world through the following:
Promote the development of a mobile-first ecosystem through developer programs such as hackathons with Uniswap as a financial building block
Lead pilots and user research to help make Uniswap more accessible, especially in markets that lack access to basic financial tools and services.
Co-grant program to support projects that are launching and driving the growth of “green assets”
Uniswap V3 will be deployed on Celo by the Celo Foundation or cLabs through the “Deploy Uniswap V3 Script.” contingent upon approval by the Uniswap community for a license exemption. Governance at deployment will be facilitated by the messaging bridge Optics. See below for additional information regarding the Optics bridge.
Overview: Optics is a generalized message passing protocol inspired by optimistic roll ups and other optimistic systems. At a high level, the Optics protocol works by utilizing a network of agents to observe and attest to messages on a source chain and relay those attestations to a destination chain, where they are accepted as valid after a 30 minute fraud window. During that window, an application’s “watchers” can disconnect it from the protocol if fraudulent attestations have been detected.. You can read more about Optics here. More info on the Optics protocol security:
The multisigs are deployed at the following addresses:
Celo: 0x070c2843402Aa0637ae0F2E2edf601aAB5E72509 (Celo Safe 31)
Ethereum: 0x2bb2a5a724170357cb691841f40d26a950d8c33d (Gnosis Safe 12)
Polygon: 0x8A1405C70c8a45177b5ac71b1d22779272E5d48b (Gnosis Safe 12)
Avalanche: 0x8a11d528d12ea09ccbf86e21B7813812b53a6900 (Pangolin Safe 7)
Does the bridge leverage the security of the source or destination chain, or is security provided by another third party entity? Optics leverages two sources of security, the updater, responsible for signing message attestations, and the ‘Watchers’, which watch for fraudulent attestations by the updater. Watchers for the Uniswap governance bridge deployment will include 5 to 10 Celo validators and contributors to key protocols on Celo. Currently, 9 groups representing key protocols on Celo or current Celo validators have expressed that they can set up a watcher for the Uniswap governance bridge.
Is it possible for a fraudulent message to be passed to the destination chain? If so, are there any recall mechanisms? In the event all watchers are byzantine, a malicious or compromised updater can result in fraudulent messages being passed to the destination chain. If even a single watcher is honest, the application will be disconnected from Optics before any fraudulent messages can be processed.
What are the ramifications of fraud to the malicious actor? In the current state, Optics Updaters, which are the actors that could behave in a malicious manner to the detriment of the system, are not bonded. In the event they were bonded, their malicious behavior would result in their bond being slashed upon a fraud proof submitted by a Watcher.
Has the bridge code been audited? By a third party? What attack vectors and vulnerabilities were identified, if any? Have the identified vulnerabilities been remedied?
While Optics will be fully sufficient for the needs of the deployment and ensure appropriate governance messaging as discussed with the Uniswap Labs team, we believe that it will be in the best interest of the Uniswap community to eventually migrate to Abacus, a new generalized cross-chain communication protocol inspired by and built upon the foundations of Optics. In this sense, Optics shall be used as a bridge into a future Abacus deployment, that can be decided upon through a future governance proposal to the Uniswap community. Similar to this process for Uniswap v3 deployment, we’re happy to work closely with the Uniswap community to make sure any changes to the governance bridge addresses cross-bridge governance needs. Abacus is expected to launch on major EVM testnets by early May, and mainnets by June and will not require a re-deployment of Uniswap v3 on Celo. Abacus will be API compatible with Optics, and will have significantly improved security guarantees. You can read more about Abacus here, but for high level security implementation details we provide the following info regarding protocol security:
Measurement
Overall, we propose a transparent measurement of this project's success through the following success criteria and long-term goals:
License Exemption
We are requesting an exemption via an Additional Use Grant (license change enacted via the ENS domain uniswap.eth) that would allow the Celo Foundation and cLabs (Celo) to use the Licensed Work to deploy it on Celo, a layer 1 EVM compatible blockchain, provided that the deployment is subject to Ethereum layer 1 Uniswap Protocol governance and control. Uniswap V3 will be deployed on Celo by the Celo Foundation or cLabs through the “Deploy Uniswap V3 Script.” Celo would be permitted to use subcontractors to do this work.
Timeline
We anticipate deployment of the smart contracts on Celo to take a few weeks. Additionally, Uniswap Labs has noted that they will need to complete some front-end updates and add Celo to the auto router—this will take ~4 weeks and they are prepared to ramp up following Uniswap community approval of this governance proposal.
Governance at deployment will be facilitated by the messaging bridge Optics. This deployment of the Uniswap governance application will take approximately 1 week—to be done simultaneously during the steps detailed above.
Celo and Uniswap together can serve as the foundation for the proliferation of natural capital assets across Web3. We believe that the vision to advance climate and regenerative finance on Celo aligns with the Uniswap community. Thank you for your consideration and we welcome questions and suggestions.
Additional note: Robert Leifke and Kyle Scott, members of Blockchain at Michigan, are co-founders of Mobius, a Celo stableswap protocol. To avoid any conflicts of interest, they have had no involvement in this partnership between Blockchain at Michigan and the Celo Foundation.
The script, as well as the test script to simulate the proposal, can be found here. We have successfully tested the transaction on a mainnet fork. A console output of the test is shown below:
josh uniswap_proposal_simulation (main) >> npx hardhat test
No need to generate any newer typings.
Celo / Uniswap additional use grant simulation
timeLockAddressFromGovernor 0x1a9C8182C09F50C8318d769245beA52c32BE35BC
subnodeResolver 0x4976fb03C32e5B8cfe2b6cCB31c09Ba78EBaBa41
blockNumber OLD 14610481
priorVotesMichigan BigNumber { value: "2500037927160073912603303" }
currentProposalCount BigNumber { value: "14" }
current number of proposals created: 15
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "0" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "0" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
false,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "0" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "0" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: false
]
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "1650528716" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "60265641182403974647229365" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
false,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "1650528716" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "60265641182403974647229365" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: false
]
[
BigNumber { value: "15" },
'0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
BigNumber { value: "1650528716" },
BigNumber { value: "14623623" },
BigNumber { value: "14663943" },
BigNumber { value: "60265641182403974647229365" },
BigNumber { value: "0" },
BigNumber { value: "0" },
false,
true,
id: BigNumber { value: "15" },
proposer: '0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548',
eta: BigNumber { value: "1650528716" },
startBlock: BigNumber { value: "14623623" },
endBlock: BigNumber { value: "14663943" },
forVotes: BigNumber { value: "60265641182403974647229365" },
againstVotes: BigNumber { value: "0" },
abstainVotes: BigNumber { value: "0" },
canceled: false,
executed: true
]
The Celo Foundation and cLabs ("Celo") are granted an additional use grant to use the Uniswap V3 Core software code (which is made available to Celo subject to license available at https://github.com/Uniswap/v3-core/blob/main/LICENSE (the "Uniswap Code")).
As part of this additional use grant, Celo receives license to use the Uniswap Code for the purposes of a full deployment of the Uniswap Protocol v3 onto the Celo blockchain.
Celo is permitted to use subcontractors to do this work.
This license is conditional on Celo complying with the terms of the Business Source License 1.1, made available at https://github.com/Uniswap/v3-core/blob/main/LICENSE.
subnodeResolver 0x4976fb03C32e5B8cfe2b6cCB31c09Ba78EBaBa41
✓ proposal simulation (32840ms)
1 passing (33s)
With its mobile-first approach Celo is an interesting protocol to aim 6B smartphone users, make crypto mobile is a amazing way to take crypto to mainstream
With its mobile-first approach Celo is an interesting protocol to aim 6B smartphone users, make crypto mobile is a amazing way to take crypto to mainstream
nice! that's a good idea 💡
nice! that's a good idea 💡
Cross-linking to this update post re: deployment.
Hello, as the proposal to deploy Uniswap V3 on Celo has passed both Snapshot and onchain voting (Agora), and also deployed a while ago, the Deployment Accountability Committee is interested to get an update on the commitment your team has made to support the Uniswap Ecosystem.
We have identified the following commitments. Please confirm whether each has been executed and if not, timeline and plans on how to execute them
Hello, as the proposal to deploy Uniswap V3 on Celo has passed both Snapshot and onchain voting (Agora), and also deployed a while ago, the Deployment Accountability Committee is interested to get an update on the commitment your team has made to support the Uniswap Ecosystem.
We have identified the following commitments. Please confirm whether each has been executed and if not, timeline and plans on how to execute them
Increase Uniswap’s presence through $10M in financial incentives to Uniswap users, as well as additional grant funding provided by the Celo Foundation to utilize Uniswap as a financial building block
Bring Uniswap V3’s increased capital efficiency to the 6B smartphone users around the world
Create green asset liquidity pools with natural capital backed assets such as tokenized carbon credits (e.g. MCO2, TCO2, and GNT) and future nature backed assets issued on Celo like land and forests
Use Uniswap as a decentralized mechanism to rebalance the Celo Reserve with nature backed assets rather than relying on centralized exchanges
Foster pathways for future green use cases on Uniswap
In terms of $10M in financial incentives, we noticed that on the proposal on the forum, it has been noted that "Up to 1% of the $10M in financial incentives ($100K) will be directed towards funding an investigation into Uniswap protocol’s climate impact, followed by a (potentially partial) mitigation phase. This funding will be part of the portion of financial incentives placed in a multisig (approximately one-third of the $10M) with 2-4 key members of the Uniswap community, including both individuals and institutions." Can you help to clarify whether this has been done as well?
We are excited to hear more about the progress you have made so far and the future plans, and help share that information with the Uniswap community.
Cross-linking to this update post re: deployment.
Hello, as the proposal to deploy Uniswap V3 on Celo has passed both Snapshot and onchain voting (Agora), and also deployed a while ago, the Deployment Accountability Committee is interested to get an update on the commitment your team has made to support the Uniswap Ecosystem.
We have identified the following commitments. Please confirm whether each has been executed and if not, timeline and plans on how to execute them
Hello, as the proposal to deploy Uniswap V3 on Celo has passed both Snapshot and onchain voting (Agora), and also deployed a while ago, the Deployment Accountability Committee is interested to get an update on the commitment your team has made to support the Uniswap Ecosystem.
We have identified the following commitments. Please confirm whether each has been executed and if not, timeline and plans on how to execute them
Increase Uniswap’s presence through $10M in financial incentives to Uniswap users, as well as additional grant funding provided by the Celo Foundation to utilize Uniswap as a financial building block
Bring Uniswap V3’s increased capital efficiency to the 6B smartphone users around the world
Create green asset liquidity pools with natural capital backed assets such as tokenized carbon credits (e.g. MCO2, TCO2, and GNT) and future nature backed assets issued on Celo like land and forests
Use Uniswap as a decentralized mechanism to rebalance the Celo Reserve with nature backed assets rather than relying on centralized exchanges
Foster pathways for future green use cases on Uniswap
In terms of $10M in financial incentives, we noticed that on the proposal on the forum, it has been noted that "Up to 1% of the $10M in financial incentives ($100K) will be directed towards funding an investigation into Uniswap protocol’s climate impact, followed by a (potentially partial) mitigation phase. This funding will be part of the portion of financial incentives placed in a multisig (approximately one-third of the $10M) with 2-4 key members of the Uniswap community, including both individuals and institutions." Can you help to clarify whether this has been done as well?
We are excited to hear more about the progress you have made so far and the future plans, and help share that information with the Uniswap community.
