*We @she256 are submitting this RFC & proposal on behalf of Zora Labs. For the full proposal/discussion, please see the linked forum post.
Zora Network is an emergent ETH L2 built with the OP stack that has grown to more than 90k weekly active users who drive 600k transactions every week. We propose a canonical deployment of Uniswap v3 on Zora benefitting creators, collectors, and builders of both ecosystems.
Zora Network is onboarding thousands of creators and collectors to Ethereum L2s through a distinctly creative brand and support from protocols like Mint.Fun, Holograph, PartyDAO, and the Zora Creator Toolkit. It is important for Zora Network’s ecosystem of creators, collectors, and developers to have access to premier crypto tooling, including DeFi protocols, that can help them protect and expand the value they are creating onchain.
We believe offering these tools is a material step in supporting creators as they explore and innovate with onchain media. This is particularly true as the amount of people and teams that earn ETH on Zora Network continues to grow from features like Zora’s Protocol Rewards.
This collaboration will position Uniswap to win long term market share on an emergent L2 network with a uniquely differentiated user base. And, it will signal the DAO’s ongoing support of the growing population of creators, collectors, and builders that transact on Zora Network everyday.
Protocol Rewards on Zora Network makes the need for stablecoins and fiat on/off-ramps increasingly apparent. Creators, collectors, and developers in the Zora ecosystem are earning six figures of ETH in protocol rewards everyday. For some creators, protocol rewards are helping to pay their rent or just grab a slice of pizza. And for platforms, rewards are quickly becoming a core part of their business model and a key to their success.
There is a growing need on Zora Network for swaps and stablecoins that can better protect the value these individuals and teams create. Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
Our goal with this proposal is to bring a canonical instance of world class DeFi tooling to Zora Network participants to help them more efficiently convert and expand their Protocol Rewards into value that they can transact with in their everyday lives. We think this is an exciting long tail opportunity for Uniswap.
Uniswap would be the first DeFi protocol on Zora Network giving it a first mover advantage to win consideration from the network’s unique audience of creators and collectors.
Recent market data from cross-chain minting activations indicate that, when given the option and equal incentive, creators tend to choose Zora Network as the destination for their work onchain. Uniswap and Zora Network coming together is a great opportunity to expand the Uniswap audience to Zora Network’s creative community.
Zora Network is home to tens of thousands of creators of all disciplines: visual artists, musicians, photographers, podcasters, and more. Incredible crypto native talent like Chase Chapman, Nick Hollins from UFO, and more have made Zora Network their L2 of choice. This is all happening alongside some of the world’s best YouTube channels like Color Studios or breakout brands like KidSuper making Zora their home as well.
Uniswap V3 on Zora Network is an opportunity for Uniswap to market to a new, non-DeFi audience that is excited to support one another’s creativity. You can get a feel for who makes up the Zora community in our latest Me + My Imagination campaign.
The most immediate increase in DAO revenue will come from a Uniswap x Zora commemorative mint. Zora will mint a commemorative artwork to celebrate the launch of Uniswap V3. We will add the Uniswap DAO as a split recipient on this commemorative mint. This will mean that the Uniswap DAO will receive ETH income in the form of protocol rewards as collectors mint the artwork in celebration of the launch.
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Commemorative mints also help teams build onchain followings that can be reactivated on Zora and pinged via on platform notifications. For example, LayerZero gained 74k followers on Zora as a result of their commemorative mint for Zora Network support in September 2023. It is easy to imagine Uniswap building an onchain audience on Zora that includes millions of its users.
Uniswap will be the first DEX to come to market on Zora Network. It will start out with 100% marketshare on this emergent L2 network. The more than half a million addresses on Zora Network will have a single destination for DeFi.
Zora Network has an increasingly active user base with active addresses on Zora Network are up 50% MoM from December to January. And, that user base is earning ETH at a good rate with more than $100k of ETH paid out daily on Zora Network in Protocol Rewards. Given these earnings and these levels of activity, there is a good chance these users will need stablecoins and other opportunities to protect the value their creating.
For Uniswap, this is a unique opportunity to become the sole DEX on Zora Network, a breakout L2 for onchain creativity. This will help Uniswap win increasing amounts of creator affinity as you support the thousands of active creators and collectors around the world using Zora Network.
In addition, we consider this successful for Uniswap if we are able to:
We want to give our network participants the tools they need to convert the value they create on Zora Network into stablecoins and real world currencies they can use everyday. By weaving Uniswap V3 seamlessly into this emergent network, we aspire to strengthen the ties between Uniswap and Zora, ensuring a mutually beneficial collaboration between our thriving communities.
Uniswap V3 has been deployed to the Zora Sepolia Network. All contracts have been verified on the network block explorer. We will update the proposal with the appropriate mainnet addresses before submitting this vote onchain.
As is the case with all canonical v3 deployments, this deployment will be subject to Ethereum Layer 1 Uniswap Protocol governance. The text record of the uniswap.eth ENS subdomain titled v3-deployments.uniswap.eth will be amended to include the reference to the Uniswap v3 Factory contract on Zora Network.
Zora will deploy the open source Uniswap UI to a subdomain at https://zora.energy. This front end will be made available to all Zora Network users similar to https://bridge.zora.energy. Our goal is to ensure that there is an easy to use frontend interface for users to access the superpowers of Uniswap. Overtime, we will work with the Uniswap Labs team to get Zora Network added to the primary Uniswap website over time.
Zora Network is built on the open-source OP Stack. As a result, the bridge for Zora Network operates functionally identical to both OP Mainnet and Base – two OP Stack chains with canonical Uniswap V3 deployments already live. The bridge address is listed below, and more information on the OP Stack Bridge design is available here. As a further convenience, Zora Network hosts a bridging interface at https://bridge.zora.energy.
| Contract Name | Address |
|---|---|
| Optimism Portal Proxy | 0x1a0ad011913A150f69f6A19DF447A0CfD9551054 |
| Optimism Portal | 0x43260ee547c3965bb2a0174763bb8FEcC650BA4A |
| L1 ERC721 Bridge | 0xDBCdA21518AF39E7feb9748F6718D3db11591461 |
| L1 ERC721 Bridge Proxy | 0x83A4521A3573Ca87f3a971B169C5A0E1d34481c3 |
| L1 Standard Bridge | 0xbF6acaF315477b15D638bf4d91eA48FA79b58335 |
| L1 Cross Domain Messenger | 0x363B4B1ADa52E50353f746999bd9E94395190d2C |
This proposal has passed the RFC phase without contention. We will follow up this snapshot Tempature Check with a formal onchain vote to grant the canonical status to Uniswap V3 on Zora Network, with the proposal updated to include the corresponding mainnet addresses.
*We @she256 are submitting this RFC & proposal on behalf of Zora Labs. For the full proposal/discussion, please see the linked forum post.
Zora Network is an emergent ETH L2 built with the OP stack that has grown to more than 90k weekly active users who drive 600k transactions every week. We propose a canonical deployment of Uniswap v3 on Zora benefitting creators, collectors, and builders of both ecosystems.
Zora Network is onboarding thousands of creators and collectors to Ethereum L2s through a distinctly creative brand and support from protocols like Mint.Fun, Holograph, PartyDAO, and the Zora Creator Toolkit. It is important for Zora Network’s ecosystem of creators, collectors, and developers to have access to premier crypto tooling, including DeFi protocols, that can help them protect and expand the value they are creating onchain.
We believe offering these tools is a material step in supporting creators as they explore and innovate with onchain media. This is particularly true as the amount of people and teams that earn ETH on Zora Network continues to grow from features like Zora’s Protocol Rewards.
This collaboration will position Uniswap to win long term market share on an emergent L2 network with a uniquely differentiated user base. And, it will signal the DAO’s ongoing support of the growing population of creators, collectors, and builders that transact on Zora Network everyday.
Protocol Rewards on Zora Network makes the need for stablecoins and fiat on/off-ramps increasingly apparent. Creators, collectors, and developers in the Zora ecosystem are earning six figures of ETH in protocol rewards everyday. For some creators, protocol rewards are helping to pay their rent or just grab a slice of pizza. And for platforms, rewards are quickly becoming a core part of their business model and a key to their success.
There is a growing need on Zora Network for swaps and stablecoins that can better protect the value these individuals and teams create. Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
Our goal with this proposal is to bring a canonical instance of world class DeFi tooling to Zora Network participants to help them more efficiently convert and expand their Protocol Rewards into value that they can transact with in their everyday lives. We think this is an exciting long tail opportunity for Uniswap.
Uniswap would be the first DeFi protocol on Zora Network giving it a first mover advantage to win consideration from the network’s unique audience of creators and collectors.
Recent market data from cross-chain minting activations indicate that, when given the option and equal incentive, creators tend to choose Zora Network as the destination for their work onchain. Uniswap and Zora Network coming together is a great opportunity to expand the Uniswap audience to Zora Network’s creative community.
Zora Network is home to tens of thousands of creators of all disciplines: visual artists, musicians, photographers, podcasters, and more. Incredible crypto native talent like Chase Chapman, Nick Hollins from UFO, and more have made Zora Network their L2 of choice. This is all happening alongside some of the world’s best YouTube channels like Color Studios or breakout brands like KidSuper making Zora their home as well.
Uniswap V3 on Zora Network is an opportunity for Uniswap to market to a new, non-DeFi audience that is excited to support one another’s creativity. You can get a feel for who makes up the Zora community in our latest Me + My Imagination campaign.
The most immediate increase in DAO revenue will come from a Uniswap x Zora commemorative mint. Zora will mint a commemorative artwork to celebrate the launch of Uniswap V3. We will add the Uniswap DAO as a split recipient on this commemorative mint. This will mean that the Uniswap DAO will receive ETH income in the form of protocol rewards as collectors mint the artwork in celebration of the launch.
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Commemorative mints also help teams build onchain followings that can be reactivated on Zora and pinged via on platform notifications. For example, LayerZero gained 74k followers on Zora as a result of their commemorative mint for Zora Network support in September 2023. It is easy to imagine Uniswap building an onchain audience on Zora that includes millions of its users.
Uniswap will be the first DEX to come to market on Zora Network. It will start out with 100% marketshare on this emergent L2 network. The more than half a million addresses on Zora Network will have a single destination for DeFi.
Zora Network has an increasingly active user base with active addresses on Zora Network are up 50% MoM from December to January. And, that user base is earning ETH at a good rate with more than $100k of ETH paid out daily on Zora Network in Protocol Rewards. Given these earnings and these levels of activity, there is a good chance these users will need stablecoins and other opportunities to protect the value their creating.
For Uniswap, this is a unique opportunity to become the sole DEX on Zora Network, a breakout L2 for onchain creativity. This will help Uniswap win increasing amounts of creator affinity as you support the thousands of active creators and collectors around the world using Zora Network.
In addition, we consider this successful for Uniswap if we are able to:
We want to give our network participants the tools they need to convert the value they create on Zora Network into stablecoins and real world currencies they can use everyday. By weaving Uniswap V3 seamlessly into this emergent network, we aspire to strengthen the ties between Uniswap and Zora, ensuring a mutually beneficial collaboration between our thriving communities.
Uniswap V3 has been deployed to the Zora Sepolia Network. All contracts have been verified on the network block explorer. We will update the proposal with the appropriate mainnet addresses before submitting this vote onchain.
As is the case with all canonical v3 deployments, this deployment will be subject to Ethereum Layer 1 Uniswap Protocol governance. The text record of the uniswap.eth ENS subdomain titled v3-deployments.uniswap.eth will be amended to include the reference to the Uniswap v3 Factory contract on Zora Network.
Zora will deploy the open source Uniswap UI to a subdomain at https://zora.energy. This front end will be made available to all Zora Network users similar to https://bridge.zora.energy. Our goal is to ensure that there is an easy to use frontend interface for users to access the superpowers of Uniswap. Overtime, we will work with the Uniswap Labs team to get Zora Network added to the primary Uniswap website over time.
Zora Network is built on the open-source OP Stack. As a result, the bridge for Zora Network operates functionally identical to both OP Mainnet and Base – two OP Stack chains with canonical Uniswap V3 deployments already live. The bridge address is listed below, and more information on the OP Stack Bridge design is available here. As a further convenience, Zora Network hosts a bridging interface at https://bridge.zora.energy.
| Contract Name | Address |
|---|---|
| Optimism Portal Proxy | 0x1a0ad011913A150f69f6A19DF447A0CfD9551054 |
| Optimism Portal | 0x43260ee547c3965bb2a0174763bb8FEcC650BA4A |
| L1 ERC721 Bridge | 0xDBCdA21518AF39E7feb9748F6718D3db11591461 |
| L1 ERC721 Bridge Proxy | 0x83A4521A3573Ca87f3a971B169C5A0E1d34481c3 |
| L1 Standard Bridge | 0xbF6acaF315477b15D638bf4d91eA48FA79b58335 |
| L1 Cross Domain Messenger | 0x363B4B1ADa52E50353f746999bd9E94395190d2C |
This proposal has passed the RFC phase without contention. We will follow up this snapshot Tempature Check with a formal onchain vote to grant the canonical status to Uniswap V3 on Zora Network, with the proposal updated to include the corresponding mainnet addresses.
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-zora/22724/6?u=kaereste
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-zora/22724/6?u=kaereste
@GFXlabs below replies from the Zora team:
How does Zora onboard new users?
First time creators can sign-up to Zora with just their email address. No prior knowledge of self custody wallets is required. First time creators can post on Zora for free using gasless creation.
@GFXlabs below replies from the Zora team:
How does Zora onboard new users?
First time creators can sign-up to Zora with just their email address. No prior knowledge of self custody wallets is required. First time creators can post on Zora for free using gasless creation.
When collectors mint a first time users’ first post, the new user will receive .000333 ETH in protocol rewards, effectively onboarding them to ETH with an image.
Does everyone have to bridge from another EVM chain?
Today, first time collectors do have to bridge from another EVM to get ETH onto Zora Network.
Do any centralized exchanges support Zora ETH or USDC?
Not yet, but we are actively working on native deposit and withdrawal support for CEXs.
Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
How does Zora onboard new users? Does everyone have to bridge from another EVM chain? Do any centralized exchanges support Zora ETH or USDC?
The onchain vote for this proposal is now posted and accessible here.
Voting starts Saturday, Feb 10 at 10:18 PM UTC Voting will close Friday, Feb 16 at 12:42 PM UTC
Thanks everyone for the great feedback. On the point of the commemorative mint split, here's some further context and an update.
Using the Arb Zorb as reference, Zora is estimating ~50k mints totaling ~22.22 ETH for the commemorative NFT.
Per the proposal, 70% of these funds would go to Uniswap DAO and 30% to Zora.
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 we’ve said in the past, we’re very supportive of deploying Uniswap V3 on different Ethereum L2’s and therefore we’ll be voting in favour of the proposal. Perhaps it would make sense to discuss whether or not Zora should also receive a UNI onboading package (context here).
Thank you for the comments @eek637 & @Doo_StableLab.
Splits of protocol rewards are programmatically enforced and executed onchain. Zora will list Uniswap as a split recipient on the contract similar to the splits that can be seen on the Arbitrum Zorb commemorative mint here. You can also find the technical docs for Zora Splits here.
@GFXlabs below replies from the Zora team:
How does Zora onboard new users?
First time creators can sign-up to Zora with just their email address. No prior knowledge of self custody wallets is required. First time creators can post on Zora for free using gasless creation.
@GFXlabs below replies from the Zora team:
How does Zora onboard new users?
First time creators can sign-up to Zora with just their email address. No prior knowledge of self custody wallets is required. First time creators can post on Zora for free using gasless creation.
When collectors mint a first time users’ first post, the new user will receive .000333 ETH in protocol rewards, effectively onboarding them to ETH with an image.
Does everyone have to bridge from another EVM chain?
Today, first time collectors do have to bridge from another EVM to get ETH onto Zora Network.
Do any centralized exchanges support Zora ETH or USDC?
Not yet, but we are actively working on native deposit and withdrawal support for CEXs.
Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
Today, creators are required to bridge their ETH from Zora Network to a chain where Uniswap is supported, which costs gas and eats into their earnings. Only then will they be able to swap to a stablecoin. Adding swaps natively on Zora Network will make taking this action cheaper and easier for onchain creators that are making their living with Protocol Rewards.
How does Zora onboard new users? Does everyone have to bridge from another EVM chain? Do any centralized exchanges support Zora ETH or USDC?
The onchain vote for this proposal is now posted and accessible here.
Voting starts Saturday, Feb 10 at 10:18 PM UTC Voting will close Friday, Feb 16 at 12:42 PM UTC
Thanks everyone for the great feedback. On the point of the commemorative mint split, here's some further context and an update.
Using the Arb Zorb as reference, Zora is estimating ~50k mints totaling ~22.22 ETH for the commemorative NFT.
Per the proposal, 70% of these funds would go to Uniswap DAO and 30% to Zora.
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 we’ve said in the past, we’re very supportive of deploying Uniswap V3 on different Ethereum L2’s and therefore we’ll be voting in favour of the proposal. Perhaps it would make sense to discuss whether or not Zora should also receive a UNI onboading package (context here).
Thank you for the comments @eek637 & @Doo_StableLab.
Splits of protocol rewards are programmatically enforced and executed onchain. Zora will list Uniswap as a split recipient on the contract similar to the splits that can be seen on the Arbitrum Zorb commemorative mint here. You can also find the technical docs for Zora Splits here.
Thanks everyone for the great feedback. On the point of the commemorative mint split, here's some further context and an update.
Using the Arb Zorb as reference, Zora is estimating ~50k mints totaling ~22.22 ETH for the commemorative NFT.
Per the proposal, 70% of these funds would go to Uniswap DAO and 30% to Zora.
Given these estimates, the Timelock contract seems less suited to being the recipient address for the split. This is especially because of the voting / coordination efforts needed to actively direct the funds.
With the Arb Zorb, the Arbitrum Foundation had directed their portion of rewards to the charitable 501(c)3 nonprofit Accelerate Art.
Logistically, we therefore share the belief that it makes most sense for the DAO to direct these funds to an organization like Protocol Guild for core development.
We will soon post the updated proposal onchain to reflect the details of the Zora Splits mechanism, and add Protocol Guild as the split recipient address.
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 we’ve said in the past, we’re very supportive of deploying Uniswap V3 on different Ethereum L2’s and therefore we’ll be voting in favour of the proposal. Perhaps it would make sense to discuss whether or not Zora should also receive a UNI onboading package (context here).
Also, echoing the point of @Doo_StableLab, if the proposal is to ‘promise’ a revenue split, then the mechanism of the split should somehow be enforceable and the procedural details should also be included.
Thank you for the comments @eek637 & @Doo_StableLab.
Splits of protocol rewards are programmatically enforced and executed onchain. Zora will list Uniswap as a split recipient on the contract similar to the splits that can be seen on the Arbitrum Zorb commemorative mint here. You can also find the technical docs for Zora Splits here.
We fully agree on the accountability for incentive commitments, so please let us know if there may be any further questions!
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Is there a mechanism to enforce the reward split to Uniswap DAO?
Nice to see a clearly-defined use case here. Creators earn in ETH and want to swap it for stables. Uniswap is good at that.
re this :point_down: ...
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Nice to see a clearly-defined use case here. Creators earn in ETH and want to swap it for stables. Uniswap is good at that.
re this :point_down: ...
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
I think it might make sense to use any ETH generated like this to fund liquidity incentives for the ETH/UDSC pool rather than sending it back to the timelock. There's some chat here around similar topics.
Also how would it go to Uniswap DAO? Is there treasury address for it? Once again, we just want to ensure if the protocol promises some kind of incentive or reward that factors into the voting, they actually keep the commitment
Thanks everyone for the great feedback. On the point of the commemorative mint split, here's some further context and an update.
Using the Arb Zorb as reference, Zora is estimating ~50k mints totaling ~22.22 ETH for the commemorative NFT.
Per the proposal, 70% of these funds would go to Uniswap DAO and 30% to Zora.
Given these estimates, the Timelock contract seems less suited to being the recipient address for the split. This is especially because of the voting / coordination efforts needed to actively direct the funds.
With the Arb Zorb, the Arbitrum Foundation had directed their portion of rewards to the charitable 501(c)3 nonprofit Accelerate Art.
Logistically, we therefore share the belief that it makes most sense for the DAO to direct these funds to an organization like Protocol Guild for core development.
We will soon post the updated proposal onchain to reflect the details of the Zora Splits mechanism, and add Protocol Guild as the split recipient address.
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 we’ve said in the past, we’re very supportive of deploying Uniswap V3 on different Ethereum L2’s and therefore we’ll be voting in favour of the proposal. Perhaps it would make sense to discuss whether or not Zora should also receive a UNI onboading package (context here).
Also, echoing the point of @Doo_StableLab, if the proposal is to ‘promise’ a revenue split, then the mechanism of the split should somehow be enforceable and the procedural details should also be included.
Thank you for the comments @eek637 & @Doo_StableLab.
Splits of protocol rewards are programmatically enforced and executed onchain. Zora will list Uniswap as a split recipient on the contract similar to the splits that can be seen on the Arbitrum Zorb commemorative mint here. You can also find the technical docs for Zora Splits here.
We fully agree on the accountability for incentive commitments, so please let us know if there may be any further questions!
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Is there a mechanism to enforce the reward split to Uniswap DAO?
Nice to see a clearly-defined use case here. Creators earn in ETH and want to swap it for stables. Uniswap is good at that.
re this :point_down: ...
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
Nice to see a clearly-defined use case here. Creators earn in ETH and want to swap it for stables. Uniswap is good at that.
re this :point_down: ...
Zora plans to split the creator rewards from this mint 70-30 with 70% of rewards from this mint going to the Uniswap DAO and 30% going to Zora.
I think it might make sense to use any ETH generated like this to fund liquidity incentives for the ETH/UDSC pool rather than sending it back to the timelock. There's some chat here around similar topics.
Also how would it go to Uniswap DAO? Is there treasury address for it? Once again, we just want to ensure if the protocol promises some kind of incentive or reward that factors into the voting, they actually keep the commitment
