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.
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:
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.
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.
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.
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.
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.
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.
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.
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: 0xcb2436774C3e191c85056d248EF4260ce5f27A9Dmulticall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435We 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:
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.
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:
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.
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.
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.
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.
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.
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.
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.
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: 0xcb2436774C3e191c85056d248EF4260ce5f27A9Dmulticall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435We 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:
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-sonic-formerly-fantom/25024/10
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-sonic-formerly-fantom/25024/7?u=blockworksresearch
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-sonic-formerly-fantom/25024/10
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-sonic-formerly-fantom/25024/7?u=blockworksresearch
While Sonic is a new chain, they have proven with Fantom that they have the team to build a product that attracts adoption. Apart from that, the commitment from their leadership including Andre to build on Uniswap makes it the most aligned chain incentives proposal we've seen in this governance system.
Very bullish that we keep getting these double matches - should be a standard for incentives from the DAO
While Sonic is a new chain, they have proven with Fantom that they have the team to build a product that attracts adoption. Apart from that, the commitment from their leadership including Andre to build on Uniswap makes it the most aligned chain incentives proposal we've seen in this governance system.
Very bullish that we keep getting these double matches - should be a standard for incentives from the DAO
looking forward to the voting. In support for this
looking forward to the voting. In support for this
The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We unfortunately lost the voting deadline and were unable to cast our vote in time. Regardless, we wanted to comment here to signal that we would have voted AGAINST the proposal for the same reason we voted against during temp-check.
The below response reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
As with similar votes in the past, we are generally supportive of new Uniswap deployments, but against incentivizing deployments outside of the Ethereum ecosystem. Since the Sonic is a sidechain, we vote against incentive matching.
Thank you for the proposal. After much discussion, we ultimately have not been convinced of benefit to Uniswap community to providing this amount of incentives described in this proposal and will be voting AGAINST. We would like to see more details and stats around how this incentive program will be beneficial to Uniswap in the long term. Additionally, since it seems the Accountability committee stores ~$6 million worth of assets, we believe this unnecessarily adds more risk to this multisig
Hey, I’d love to understand whether the Oku costs will be covered by Sonic or if they’ll be handled in another way.
Currently, Oku doesn’t support either Fantom or Sonic. @GFXlabs has there been any coordination to ensure this integration is ready before the incentives are approved?
gm!
Sonic has separately contracted with us to support the chain. We've deployed the contracts and are in the process of getting them live.
Blockworks Advisory is voting FOR this proposal on Snapshot.
We will comment though that it is a bit odd that this is incentivizing specifically solvBTC, is there a reason for this? Since Sonic is to be a parallelized EVM, will there be any security vulnerabilities that Uniswap DAO should be aware of, or will this not be a feature from Day 1?
The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We unfortunately lost the voting deadline and were unable to cast our vote in time. Regardless, we wanted to comment here to signal that we would have voted AGAINST the proposal for the same reason we voted against during temp-check.
The below response reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
As with similar votes in the past, we are generally supportive of new Uniswap deployments, but against incentivizing deployments outside of the Ethereum ecosystem. Since the Sonic is a sidechain, we vote against incentive matching.
Thank you for the proposal. After much discussion, we ultimately have not been convinced of benefit to Uniswap community to providing this amount of incentives described in this proposal and will be voting AGAINST. We would like to see more details and stats around how this incentive program will be beneficial to Uniswap in the long term. Additionally, since it seems the Accountability committee stores ~$6 million worth of assets, we believe this unnecessarily adds more risk to this multisig
Hey, I’d love to understand whether the Oku costs will be covered by Sonic or if they’ll be handled in another way.
Currently, Oku doesn’t support either Fantom or Sonic. @GFXlabs has there been any coordination to ensure this integration is ready before the incentives are approved?
gm!
Sonic has separately contracted with us to support the chain. We've deployed the contracts and are in the process of getting them live.
Blockworks Advisory is voting FOR this proposal on Snapshot.
We will comment though that it is a bit odd that this is incentivizing specifically solvBTC, is there a reason for this? Since Sonic is to be a parallelized EVM, will there be any security vulnerabilities that Uniswap DAO should be aware of, or will this not be a feature from Day 1?
The proposal is now live here: Snapshot
The proposal is now live here: Snapshot
