The proposal to deploy Uniswap on Sei has completed the 7-day RFC phase. This deployment has therefore been optimistically approved by the Uni DAO. We will now turn to a temperature check to vote on whether or not the DAO would like to employ the Uniswap Onboarding Package to help incentivize Uniswap pools on Sei. This vote also includes a veto option, allowing any delegates who hold a dissenting opinion to veto this deployment altogether.
The purpose of the Uniswap Onboarding Package is to allow new deployments of Uniswap v3 to get set up with three months’ worth of liquidity incentives, a frontend, and an incentive distribution tool like Merkl. These resources will help position Uniswap to have a formidable presence on new EVM chains.
This off-chain vote will be used to determine how much in incentives–if any–the DAO would like to allocate to this deployment. The options are as follows:
This temp check will be considered met as long as the total number of votes cast for the funding options is over >10M. If there isn't a clear winner for which level of incentives the chain should receive, a discussion can be had before the onchain proposal. All incentives will be distributed to LPs in terms of $UNI on the target chain.
Sei Foundation will commit up to $1M worth of liquidity to Uniswap pools on Sei. The tokens will be deployed on Uniswap through the Sei integration with Oku. A tranched approach will be used to bootstrap the liquidity. Each quarter, between Q2 2024 - end of Q4 2024, the Sei team and the Uniswap Accountability Committee will evaluate the TVL, volume, and activity of the Uniswap pools on Sei.
Once live, active pools, TVL, volume, and fee metrics will be available on Oku’s analytics page. The Accountability Committee will be responsible for ensuring that these above promises are kept.
The proposal to deploy Uniswap on Sei has completed the 7-day RFC phase. This deployment has therefore been optimistically approved by the Uni DAO. We will now turn to a temperature check to vote on whether or not the DAO would like to employ the Uniswap Onboarding Package to help incentivize Uniswap pools on Sei. This vote also includes a veto option, allowing any delegates who hold a dissenting opinion to veto this deployment altogether.
The purpose of the Uniswap Onboarding Package is to allow new deployments of Uniswap v3 to get set up with three months’ worth of liquidity incentives, a frontend, and an incentive distribution tool like Merkl. These resources will help position Uniswap to have a formidable presence on new EVM chains.
This off-chain vote will be used to determine how much in incentives–if any–the DAO would like to allocate to this deployment. The options are as follows:
This temp check will be considered met as long as the total number of votes cast for the funding options is over >10M. If there isn't a clear winner for which level of incentives the chain should receive, a discussion can be had before the onchain proposal. All incentives will be distributed to LPs in terms of $UNI on the target chain.
Sei Foundation will commit up to $1M worth of liquidity to Uniswap pools on Sei. The tokens will be deployed on Uniswap through the Sei integration with Oku. A tranched approach will be used to bootstrap the liquidity. Each quarter, between Q2 2024 - end of Q4 2024, the Sei team and the Uniswap Accountability Committee will evaluate the TVL, volume, and activity of the Uniswap pools on Sei.
Once live, active pools, TVL, volume, and fee metrics will be available on Oku’s analytics page. The Accountability Committee will be responsible for ensuring that these above promises are kept.
https://gov.uniswap.org/t/deploy-uniswap-v3-on-sei/23471/15
https://gov.uniswap.org/t/deploy-uniswap-v3-on-sei/23471/15
Nice initiative! Uniting Uniswap v3 with Sei's parallelization and SeiDB's optimization is a recipe for success. I can't wait to see this integration flourish!
This is without a doubt, the easiest vote to date. SEI V2 at launch will render these "New L2s" already dated. It's faster, cheaper, and helps elevate existing dying protocols on ETH. Elevating the user experience is and should be a major focus. SEI solves these problems.
Nice initiative! Uniting Uniswap v3 with Sei's parallelization and SeiDB's optimization is a recipe for success. I can't wait to see this integration flourish!
This is without a doubt, the easiest vote to date. SEI V2 at launch will render these "New L2s" already dated. It's faster, cheaper, and helps elevate existing dying protocols on ETH. Elevating the user experience is and should be a major focus. SEI solves these problems.
it's a smart move, eth will \ is slowly dying. Nobody wants the fees \ complexity of L2s. You either adapt or die. This is the right play.
Exposure to new technology is critical to ensuring Uniswap is consistently at the forefront of maintaining user retention and narrative relevance. Sei will be one of, if not the earliest to introduce production-ready parallelized EVM. As @0xkeyrock.eth pointed out, a surge of TVL would be expected as Metamask and EVM wallets immediately become user-compatible for the chain.
I support this proposal, as well as additional liquidity incentives for selected token projects that are expected to be critical infrastructure or defi primitives (as well high volume/liquidity memecoins for continued user acquisition marketing).
This is clearly one of the best thing that will be mutually beneficial to both communities if allowed to pass vote. Sei is clearly the fastest, cheapest, and first parallel EVM chain! Coming from Sei "inner circle", i can assure this uniswap community that you all will enjoy deployment on sei! So lets get those votes in and we can all look forward to a great deployment come Sei V2 day 1!
it's a smart move, eth will \ is slowly dying. Nobody wants the fees \ complexity of L2s. You either adapt or die. This is the right play.
Exposure to new technology is critical to ensuring Uniswap is consistently at the forefront of maintaining user retention and narrative relevance. Sei will be one of, if not the earliest to introduce production-ready parallelized EVM. As @0xkeyrock.eth pointed out, a surge of TVL would be expected as Metamask and EVM wallets immediately become user-compatible for the chain.
I support this proposal, as well as additional liquidity incentives for selected token projects that are expected to be critical infrastructure or defi primitives (as well high volume/liquidity memecoins for continued user acquisition marketing).
This is clearly one of the best thing that will be mutually beneficial to both communities if allowed to pass vote. Sei is clearly the fastest, cheapest, and first parallel EVM chain! Coming from Sei "inner circle", i can assure this uniswap community that you all will enjoy deployment on sei! So lets get those votes in and we can all look forward to a great deployment come Sei V2 day 1!
This proposal makes sense and if passed will contribute to make Uniswap available in a emerging ecosystem that shows early signs of strong traction for both builders and users. Also noting that prioritizing deployment on Sei is in line with the objectives of the Uniswap Revitalization and Growth (already passed) that aims at helping Uniswap secure a dominant position early in significant ecosystems.
Any updates for the on-chain vote?
Does the deployment need to be passed on chain? Or it will be deployed regardless of the onchain vote result?
This proposal makes sense and if passed will contribute to make Uniswap available in a emerging ecosystem that shows early signs of strong traction for both builders and users. Also noting that prioritizing deployment on Sei is in line with the objectives of the Uniswap Revitalization and Growth (already passed) that aims at helping Uniswap secure a dominant position early in significant ecosystems.
Any updates for the on-chain vote?
Does the deployment need to be passed on chain? Or it will be deployed regardless of the onchain vote result?
Apr 3 now.
Time for a temp check.
Apr 3 now.
Time for a temp check.
This proposal has completed the 7-day RFC phase. The Sei deployment has therefore been optimistically approved by the Uni DAO. We will now turn to a temperature check to vote on whether or not the DAO would like to employ the Uniswap Onboarding Package to help incentivize Uniswap pools on Sei. This vote also includes a veto option, allowing any delegates who hold a dissenting opinion to veto this deployment altogether.
If you are a delegate, vote here. The deadline to cast a vote is April 8 @ 4:09pm ET.
This proposal has completed the 7-day RFC phase. The Sei deployment has therefore been optimistically approved by the Uni DAO. We will now turn to a temperature check to vote on whether or not the DAO would like to employ the Uniswap Onboarding Package to help incentivize Uniswap pools on Sei. This vote also includes a veto option, allowing any delegates who hold a dissenting opinion to veto this deployment altogether.
If you are a delegate, vote here. The deadline to cast a vote is April 8 @ 4:09pm ET.
The onchain vote will finalize if incentives are implemented. Uni will be deployed regardless since the RFC/temp check were used to assess DAO sentiment.
The deployment has been accepted by the DAO. The onchain vote will be to finalize approval for the incentive package ($500k of UNI was approved by DAO via snapshot). We're currently finalizing the date for the onchain vote by rolling in multiple incentive approvals.
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.
We’re generally supportive of new Uniswap deployments mostly on EVM chains, but we have voted in favor of experimenting with non-EVM chains in the past (e.g. Rootstock deployment). We’re also keen on experimenting with deploying on Sei and that’s why we’ll be voting in favor of the proposal.
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.
We’re generally supportive of new Uniswap deployments mostly on EVM chains, but we have voted in favor of experimenting with non-EVM chains in the past (e.g. Rootstock deployment). We’re also keen on experimenting with deploying on Sei and that’s why we’ll be voting in favor of the proposal.
Having said that, however, we will be voting to deploy on Sei without incentives as we believe we shouldn’t be spending funds on what we deem to be experimental deployments outside of EVM.
cp0x supports the decision to deploy contracts on Sei, but does not support incentives, since Uniswap is one of the most popular exchange platforms and does not need advertising
Thank you @0xkeyrock.eth for adding this additional data!
We support the proposal to launch Uniswap V3 on Sei v2 Mainnet.
We believe the Sei v2 upgrade allowing EVM compatibility will be a catalyst for large TVL inflows to the chain, for which Uniswap should be aggressively positioned.
We support the proposal to launch Uniswap V3 on Sei v2 Mainnet.
We believe the Sei v2 upgrade allowing EVM compatibility will be a catalyst for large TVL inflows to the chain, for which Uniswap should be aggressively positioned.
The Sei ecosystem has seen significant growth, in 2024 the TVL on chain has increased from 9.8m Sei to 58m Sei.
Currently Astroport is the only DEX with significant liquidity on Sei. Due to low APRs and high volatility, most of the LPs provide liquidity for stable pairs rather than exposing themselves to the impermanent loss of volatile pairs. This provides an opportunity for Uniswaps’ volatile pools.
. 
Based on the Incentives provided by Sei, the Uniswap pools will generate attractive APR even without including fee rewards. For example, the proposed incentive APR for the SEI/USDC pair would outperform the current combined APR (Incentive + Fees) of 8-12% for the current highest TVL SEI-USDC pool. We would expect migration of liquidity from low APR to high APR pools.
A swap from SEI to USDC with a notional value of $10,000 incurs slippage of 83bps. This leads to the majority of swaps on Sei being low value, and prevents trading with larger size. Uniswaps V3 and Sei incentives will draw liquidity for these pairs, and allow for more efficient trading.
Uniswap has seen significant adoption and marketshare on chains where it was a first mover e.g Arbitrum, compared to when it launched on chains with already established DEXes e.g Avalanche. For this reason we suggest being aggressive.
Additionally, we recommend allocating $500k UNI as ecosystem incentives:
This will ensure LP Incentives are high enough even if pools attract large TVL. We expect lots of protocols will compete for market share with incentives - this extra amount helps Uniswap to remain competitive.
We believe this partnership is beneficial for both parties, therefore it makes sense for Uniswap too match a portion of Seis’ contributions.
Since Uniswap is yet to be tested in an alternative execution environment, it’s worth exploring how this deployment will affect the DEX’s usage and performance
That's a fair point--let's see what folks say in the discussion. The reason the timeline here is constricted is because we'd like to get this deployment in order ASAP to make sure we're live on Sei day one of v2 launch. Sei Foundation is also giving out liquidity to earlier deployments, and if we wait too long, I'm afraid we'll lose that advantage.
Open to hearing more perspectives here.
Does it make sense to push back the timeline a little? Using these dates, we’re assuming the accountability committee’s has the ability to optimistically approve this deployment, before that vote itself has passed. Agree that once (if) that first vote passes, we should be able to optimistically approve this one right away.
The onchain vote will finalize if incentives are implemented. Uni will be deployed regardless since the RFC/temp check were used to assess DAO sentiment.
The deployment has been accepted by the DAO. The onchain vote will be to finalize approval for the incentive package ($500k of UNI was approved by DAO via snapshot). We're currently finalizing the date for the onchain vote by rolling in multiple incentive approvals.
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.
We’re generally supportive of new Uniswap deployments mostly on EVM chains, but we have voted in favor of experimenting with non-EVM chains in the past (e.g. Rootstock deployment). We’re also keen on experimenting with deploying on Sei and that’s why we’ll be voting in favor of the proposal.
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.
We’re generally supportive of new Uniswap deployments mostly on EVM chains, but we have voted in favor of experimenting with non-EVM chains in the past (e.g. Rootstock deployment). We’re also keen on experimenting with deploying on Sei and that’s why we’ll be voting in favor of the proposal.
Having said that, however, we will be voting to deploy on Sei without incentives as we believe we shouldn’t be spending funds on what we deem to be experimental deployments outside of EVM.
cp0x supports the decision to deploy contracts on Sei, but does not support incentives, since Uniswap is one of the most popular exchange platforms and does not need advertising
Thank you @0xkeyrock.eth for adding this additional data!
We support the proposal to launch Uniswap V3 on Sei v2 Mainnet.
We believe the Sei v2 upgrade allowing EVM compatibility will be a catalyst for large TVL inflows to the chain, for which Uniswap should be aggressively positioned.
We support the proposal to launch Uniswap V3 on Sei v2 Mainnet.
We believe the Sei v2 upgrade allowing EVM compatibility will be a catalyst for large TVL inflows to the chain, for which Uniswap should be aggressively positioned.
The Sei ecosystem has seen significant growth, in 2024 the TVL on chain has increased from 9.8m Sei to 58m Sei.
Currently Astroport is the only DEX with significant liquidity on Sei. Due to low APRs and high volatility, most of the LPs provide liquidity for stable pairs rather than exposing themselves to the impermanent loss of volatile pairs. This provides an opportunity for Uniswaps’ volatile pools.
.
Based on the Incentives provided by Sei, the Uniswap pools will generate attractive APR even without including fee rewards. For example, the proposed incentive APR for the SEI/USDC pair would outperform the current combined APR (Incentive + Fees) of 8-12% for the current highest TVL SEI-USDC pool. We would expect migration of liquidity from low APR to high APR pools.
A swap from SEI to USDC with a notional value of $10,000 incurs slippage of 83bps. This leads to the majority of swaps on Sei being low value, and prevents trading with larger size. Uniswaps V3 and Sei incentives will draw liquidity for these pairs, and allow for more efficient trading.
Uniswap has seen significant adoption and marketshare on chains where it was a first mover e.g Arbitrum, compared to when it launched on chains with already established DEXes e.g Avalanche. For this reason we suggest being aggressive.
Additionally, we recommend allocating $500k UNI as ecosystem incentives:
This will ensure LP Incentives are high enough even if pools attract large TVL. We expect lots of protocols will compete for market share with incentives - this extra amount helps Uniswap to remain competitive.
We believe this partnership is beneficial for both parties, therefore it makes sense for Uniswap too match a portion of Seis’ contributions.
Since Uniswap is yet to be tested in an alternative execution environment, it’s worth exploring how this deployment will affect the DEX’s usage and performance
That's a fair point--let's see what folks say in the discussion. The reason the timeline here is constricted is because we'd like to get this deployment in order ASAP to make sure we're live on Sei day one of v2 launch. Sei Foundation is also giving out liquidity to earlier deployments, and if we wait too long, I'm afraid we'll lose that advantage.
Open to hearing more perspectives here.
Does it make sense to push back the timeline a little? Using these dates, we’re assuming the accountability committee’s has the ability to optimistically approve this deployment, before that vote itself has passed. Agree that once (if) that first vote passes, we should be able to optimistically approve this one right away.
Since Uniswap is yet to be tested in an alternative execution environment, it’s worth exploring how this deployment will affect the DEX’s usage and performance
Regarding the decision to push back the timeline, I agree with Abdullah, let's not do that. Relying on the DAO vote for this one isn't likely introduce a substantial risk - the previous votes for cross-chain deployments have all successfully reached the required quorum, as far as I know.
Since Uniswap is yet to be tested in an alternative execution environment, it’s worth exploring how this deployment will affect the DEX’s usage and performance
Regarding the decision to push back the timeline, I agree with Abdullah, let's not do that. Relying on the DAO vote for this one isn't likely introduce a substantial risk - the previous votes for cross-chain deployments have all successfully reached the required quorum, as far as I know.
