The top 5 tokens on Uniswap are already incentivized via liquidity mining, and there is already an existing proposal for $UNI (https://gov.uniswap.org/t/add-uni-eth-pool-to-list-of-pools-eligible-for-rewards/423). The next clear candidate for $UNI rewards is YFI:
Let's make it happen :grin:
The top 5 tokens on Uniswap are already incentivized via liquidity mining, and there is already an existing proposal for $UNI (https://gov.uniswap.org/t/add-uni-eth-pool-to-list-of-pools-eligible-for-rewards/423). The next clear candidate for $UNI rewards is YFI:
Let's make it happen :grin:
Btc/uni? Usdt has long position off site as of now. To me , no pair will suite a fixable issue. However, unibank, uni ATM, uni advance could really fix a lot of issues. As for gas prices I'd like to purpose uni bank/ and uniwallet. Zero cost if sent from bank to wallet or vice versa.
100 % in favor of this
Agreed on that, like really?
I would vote No for now. Think other issues are more urgent in this community.
I want to know if there are any rewards for the provision of liquidation in ETH/USDT pair?
Btc/uni? Usdt has long position off site as of now. To me , no pair will suite a fixable issue. However, unibank, uni ATM, uni advance could really fix a lot of issues. As for gas prices I'd like to purpose uni bank/ and uniwallet. Zero cost if sent from bank to wallet or vice versa.
100 % in favor of this
Agreed on that, like really?
I would vote No for now. Think other issues are more urgent in this community.
I want to know if there are any rewards for the provision of liquidation in ETH/USDT pair?
great project ( YFI ) great proposal i'm all for this
g'day, quick Q: --> will $WBTC/$USDT ever be added to a pool eligible for UNI rewards?
great project ( YFI ) great proposal i'm all for this
g'day, quick Q: --> will $WBTC/$USDT ever be added to a pool eligible for UNI rewards?
Right now YFI/ETH pair is not appropriate, however maybe revisit this conversation down the road.
Great proposal. Let our voice be heard
APY for Uni pool is already down to 30%. Adding another pool and splitting the rewards will drop them down to 24%... You're gonna be losing money trying to provide LP in an YFI:ETH pool from IL with only 24% interest.
Right now YFI/ETH pair is not appropriate, however maybe revisit this conversation down the road.
Great proposal. Let our voice be heard
APY for Uni pool is already down to 30%. Adding another pool and splitting the rewards will drop them down to 24%... You're gonna be losing money trying to provide LP in an YFI:ETH pool from IL with only 24% interest.
Please I need this in my life and it’d be a great ,market pair...
UNI should pay for ETH pair more until uniswap AMM dominate ETH lliquid
Yo lo veo de lujooo El proyecto
I am voting "No" for this proposal to incentivise $YFI/$ETH liquidity.
Why is this my stance?
I am voting "No" for this proposal to incentivise $YFI/$ETH liquidity.
Why is this my stance?
There is no real outlined motivation nor goal that is stated for this proposal, I'd like to see more explanation around why this would be good for Uniswap. I believe every proposal for Uniswap should have clearly defined outcomes that are positive sum and beneficial for Uniswap both as a community and as a protocol.
The current pairs right now such as ETH/DAI, ETH/USDC, ETHWBTC etc. are staple liquidity pools for DeFi as a whole itself. Better liquidity here both creates a more stable ecosystem as well as establishes greater defensibililty against other competing AMMs DEXs out there in terms of liquidity. I argue that $YFI as great of a project as it is would not fit this bucket (not used as collateral, like other assets mentioned here, but instead is a governance token).
Favouring non-staple DeFi assets without a objective reason, potentially threatens the neutrality of Uniswap as a fairly governed public good. This is not to say that this proposal would immediately damage the credibility of Uniswap itself but I do believe it is a slippery slope to a myriad of problems. While I do believe that political political neutrality doesn't really exist, non-objective decision making is a weakness and would eventually be exploited by bad actors. Rationality is our best strength as a crowd.
As much as I want this proposal to pass to pump my $YFI bags, I think that for those reasons above, I am pass on this one.
voting power is 0.
Tokens claimed on UNI-day. Tokens haven't moved from wallet. why my uni tokens have 0 voting power?
lets do that! What if not YFI?
When and where we can vote on that?
I agree with you, we shouldn't add a non-stable token into the liquidity campaign, doing so will imply to give away our governance (UNI) to a lower level token (YFI). Andre Cronje knows the potential reach of UNI, that's why his interest in it.
+1, YFI has been one of the most interesting and productive experiments in the Ethereum space in recent history.
YFI + UNI as 'long-term token partners' makes sense, YFI:ETH pool rewards make sense.
I am all for this. Let’s bring it to vote.
I fully support this proposal...please add this and let's make it...I vote
I support this proposal. YFI is among the most heavily traded pairs on Uniswap. Its holders have shown themselves to be active LPs and governance participants.
Take advantage of all tokens that enhance the value of $UNI ecosystem - $YFI is at the top
Support. Let's do it.
I’m in. Booyakasha! :turtle:
Love it. I would vote in favor
Buying more UNI to vote for this.
Please I need this in my life and it’d be a great ,market pair...
UNI should pay for ETH pair more until uniswap AMM dominate ETH lliquid
Yo lo veo de lujooo El proyecto
I am voting "No" for this proposal to incentivise $YFI/$ETH liquidity.
Why is this my stance?
I am voting "No" for this proposal to incentivise $YFI/$ETH liquidity.
Why is this my stance?
There is no real outlined motivation nor goal that is stated for this proposal, I'd like to see more explanation around why this would be good for Uniswap. I believe every proposal for Uniswap should have clearly defined outcomes that are positive sum and beneficial for Uniswap both as a community and as a protocol.
The current pairs right now such as ETH/DAI, ETH/USDC, ETHWBTC etc. are staple liquidity pools for DeFi as a whole itself. Better liquidity here both creates a more stable ecosystem as well as establishes greater defensibililty against other competing AMMs DEXs out there in terms of liquidity. I argue that $YFI as great of a project as it is would not fit this bucket (not used as collateral, like other assets mentioned here, but instead is a governance token).
Favouring non-staple DeFi assets without a objective reason, potentially threatens the neutrality of Uniswap as a fairly governed public good. This is not to say that this proposal would immediately damage the credibility of Uniswap itself but I do believe it is a slippery slope to a myriad of problems. While I do believe that political political neutrality doesn't really exist, non-objective decision making is a weakness and would eventually be exploited by bad actors. Rationality is our best strength as a crowd.
As much as I want this proposal to pass to pump my $YFI bags, I think that for those reasons above, I am pass on this one.
voting power is 0.
Tokens claimed on UNI-day. Tokens haven't moved from wallet. why my uni tokens have 0 voting power?
lets do that! What if not YFI?
When and where we can vote on that?
I agree with you, we shouldn't add a non-stable token into the liquidity campaign, doing so will imply to give away our governance (UNI) to a lower level token (YFI). Andre Cronje knows the potential reach of UNI, that's why his interest in it.
+1, YFI has been one of the most interesting and productive experiments in the Ethereum space in recent history.
YFI + UNI as 'long-term token partners' makes sense, YFI:ETH pool rewards make sense.
I am all for this. Let’s bring it to vote.
I fully support this proposal...please add this and let's make it...I vote
I support this proposal. YFI is among the most heavily traded pairs on Uniswap. Its holders have shown themselves to be active LPs and governance participants.
Take advantage of all tokens that enhance the value of $UNI ecosystem - $YFI is at the top
Support. Let's do it.
I’m in. Booyakasha! :turtle:
Love it. I would vote in favor
Buying more UNI to vote for this.
Should have been listed from the start.
Most traded Uniswap coin and still about 40M of liquidity sitting on Sushiswap.
Also the most vibrant community. The Apex of DeFi.
I 100% support this and will vote in favour of this proposal.
That doesn't seem to logically follow that YFI, because it has a lot of liquidity on uniswap, should have incentives added to it vis-à-vis even more free $UNI.
Perhaps we should be looking at projects that are specifically symbiotic with uniswap, i.e. they help make uniswap better in some way, or projects that will make uniswap more desirable to use if we incentivise those pools?
That doesn't seem to logically follow that YFI, because it has a lot of liquidity on uniswap, should have incentives added to it vis-à-vis even more free $UNI.
Perhaps we should be looking at projects that are specifically symbiotic with uniswap, i.e. they help make uniswap better in some way, or projects that will make uniswap more desirable to use if we incentivise those pools?
I'm not against adding a YFI pool, I'm just not following the rationale. I don't think we should all just be rushing to add our bags.
A great project like YFI would be an asset to the pools. It's a great proposal!
Should have been listed from the start.
Most traded Uniswap coin and still about 40M of liquidity sitting on Sushiswap.
Also the most vibrant community. The Apex of DeFi.
I 100% support this and will vote in favour of this proposal.
That doesn't seem to logically follow that YFI, because it has a lot of liquidity on uniswap, should have incentives added to it vis-à-vis even more free $UNI.
Perhaps we should be looking at projects that are specifically symbiotic with uniswap, i.e. they help make uniswap better in some way, or projects that will make uniswap more desirable to use if we incentivise those pools?
That doesn't seem to logically follow that YFI, because it has a lot of liquidity on uniswap, should have incentives added to it vis-à-vis even more free $UNI.
Perhaps we should be looking at projects that are specifically symbiotic with uniswap, i.e. they help make uniswap better in some way, or projects that will make uniswap more desirable to use if we incentivise those pools?
I'm not against adding a YFI pool, I'm just not following the rationale. I don't think we should all just be rushing to add our bags.
A great project like YFI would be an asset to the pools. It's a great proposal!
This proposal is hurtful to Uniswap ecosystem development.
It only benefits people who already own YFI tokens at the expense of current and future Uniswap ecosystem participants.
At this point YFI token does not possess store of value capabilities. And it's supply distribution is heavily centralized between a couple of big liquidity providers.
This proposal is hurtful to Uniswap ecosystem development.
It only benefits people who already own YFI tokens at the expense of current and future Uniswap ecosystem participants.
At this point YFI token does not possess store of value capabilities. And it's supply distribution is heavily centralized between a couple of big liquidity providers.
I don't think it would be good for Uniswap's reputation to offer UNI tokens for providing liquidity on highly speculative pairs, as it would create incentive for people to buy into these assets and expose them for high risk of losing money.
You don't want to lock funds for 4 years into providing liquidity for volatile assets with centralized wealth distribution.
I agree 100% with @pet3rpan's comment above. Just to expand a little bit on it, I think Uniswap should be targeting rewards primarily at "bridge asset pairs".
eg. Compare USDC token liquidity: https://uniswap.info/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
to YFI liquidity: https://uniswap.info/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
This proposal is hurtful to Uniswap ecosystem development.
It only benefits people who already own YFI tokens at the expense of current and future Uniswap ecosystem participants.
At this point YFI token does not possess store of value capabilities. And it's supply distribution is heavily centralized between a couple of big liquidity providers.
This proposal is hurtful to Uniswap ecosystem development.
It only benefits people who already own YFI tokens at the expense of current and future Uniswap ecosystem participants.
At this point YFI token does not possess store of value capabilities. And it's supply distribution is heavily centralized between a couple of big liquidity providers.
I don't think it would be good for Uniswap's reputation to offer UNI tokens for providing liquidity on highly speculative pairs, as it would create incentive for people to buy into these assets and expose them for high risk of losing money.
You don't want to lock funds for 4 years into providing liquidity for volatile assets with centralized wealth distribution.
I agree 100% with @pet3rpan's comment above. Just to expand a little bit on it, I think Uniswap should be targeting rewards primarily at "bridge asset pairs".
eg. Compare USDC token liquidity: https://uniswap.info/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
to YFI liquidity: https://uniswap.info/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
I agree 100% with @pet3rpan's comment above. Just to expand a little bit on it, I think Uniswap should be targeting rewards primarily at "bridge asset pairs".
eg. Compare USDC token liquidity: https://uniswap.info/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
to YFI liquidity: https://uniswap.info/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
The only pair with real volume for YFI is the YFI/ETH pair. USDC has several additional pairs with substantial volume and liquidity, and in some cases trades will be routed through USDC even if it's not the asset being sold or bought directly - acting as a bridge like ETH.
I agree 100% with @pet3rpan's comment above. Just to expand a little bit on it, I think Uniswap should be targeting rewards primarily at "bridge asset pairs".
eg. Compare USDC token liquidity: https://uniswap.info/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
to YFI liquidity: https://uniswap.info/token/0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
The only pair with real volume for YFI is the YFI/ETH pair. USDC has several additional pairs with substantial volume and liquidity, and in some cases trades will be routed through USDC even if it's not the asset being sold or bought directly - acting as a bridge like ETH.
