Due to the unforeseen movement in delegation, the original proposal was unexpectedly cancelled. However, this current proposal is presented with no changes to its content, objectives, and outcomes.
Consensys GFX Labs
Consensys is seeking a Uniswap V3 deployment for Linea’s mainnet launch, looking to further integrate Uniswap with the Consensys product ecosystem (MetaMask, Infura, Linea, et. al). A key aspect of Linea’s value proposition is its synergistic relationship with ConsenSys products. Establishing Uniswap as a dominant DEX on Linea would encourage more trading volume for the protocol and strengthen ties to current Consensys product users.
Linea’s testnet has impressively handled more than 47 million transactions. Many of these transactions are part of the Linea Voyage quest, a crucial initiative designed to help stress-test the network. This exercise aids in identifying potential issues and performance impediments before transitioning to Linea mainnet.
Moreover, Linea is aligned with developers throughout the broader ecosystem via our relationships with MetaMask, Infura, and Truffle, emphasizing our commitment in serving developers, protocols, and builders.
Users will conveniently find Linea natively supported in the MetaMask network dropdown list, and it will support the full range of MetaMask curated experiences. These experiences include On/Off Ramp, MetaBridge, MetaMask Swaps, Portfolio dApp, and MetaMask SDK - all of which could leverage the Uniswap protocol.
Linea aims to be a Type 2 zkEVM 1 and achieve EVM-equivalence, handling native EVM bytecode for proving and verification. This allows for the execution of Solidity smart contracts and enables developers to build while using familiar tools and infrastructure at extremely low switching costs. The network does not use transpilers or custom compilers on bytecode. By taking the compiled bytecode directly from solidity, we significantly reduce the surface area risk for bugs and hacks.
Linea seeks innovation, pushing the boundaries of the Web3 space while maintaining top security and full EVM compatibility as top priorities. One (of the many) things worth mentioning is Linea’s full support of EIP-4337 (Account Abstraction). Working with key stakeholders, the network already uses the single-entry-point contract and runs multiple networks of bundlers and paymasters services.
What is particularly exciting about Linea is its ability to consolidate transactions and submit proofs to the Ethereum mainnet using a novel prover mechanism. This process enhances throughput and minimizes transaction fees while maintaining the inherent security of the Ethereum network.
Vortex , a cryptographic primitive under development at ConsenSys, aims to increase the performance of Linea. It leverages a novel type of zkProof called a recursive aggregation proof. This is based on Ring-SIS, a well-known premise from lattice-based cryptography. This proofing system enables the batching of transactions to increase the network’s throughput while reducing fees. Linea also employs zk circuits to conduct computations. These cryptographic circuits facilitate secure and efficient computations.
Since the inception of Ethereum, ConsenSys was established to become the most potent proponent of decentralization worldwide. We believe that networks such as Ethereum can empower humanity to reach greater heights. With our experience handling web3 infrastructure, wallets, developer tools, public goods, and more, we are confident in our ability to steward Linea to complete decentralization and openness.
Linea is the result of more than 20 months of R&D from our award-winning research team that has released and maintains successful projects in the zk space like the GNARK library. Linea represents advancements in the zkEVM realm and the general field of cryptography. With the Linea network being incubated via Consensys, adoption will be encouraged through existing Consensys products and partnerships.
Some of these integrations include but are not limited to:
Linea is committed to actively pursuing decentralization. Over the following year, the Linea team plans to implement decentralizing features. Examples include introducing a DAO, decentralized sequencers and prover systems.
There are many benefits to a Uniswap deployment on Linea. In the following sections, we highlight our top three…
Observing Uniswap market share across crucial Layer 2 solutions reveals that the protocol enjoys several advantages x-chain. These include a strong community, brand recognition, and, most importantly, the first-mover advantage.
Total value locked (TVL) of Uniswap across significant roll-up ecosystems:
We anticipate that Uniswap will replicate its success in capturing market share on Linea, and we also hope that this deployment will serve as a model for the DAO on how Uniswap will perform with all upcoming L2/zkEVM launches over the next 6-8 months.
MetaMask Swaps is an aggregation product built natively into MetaMask. Across all integrated chains, as of last week, Swaps had an average weekly volume of ~$133M. Uniswap is consistently the largest leveraged dex of this weekly volume, executing ~58%, or $77.1M of trades.
Most of this volume is directed through Ethereum; however, observing comparable L2 deployments shows that Swaps contributed nearly 100M of volume to Arbitrum since integration.
Products like Swaps leverage many service providers, and only a few of them will be deployed on Linea day 1, providing Uniswap the opportunity to capture an even bigger market share of L2 volume produced from the product.
Another benefit for the protocol is the cross-promotion between Consensys and Uniswap, and to double down on the shared mission of contributing to the growth of the Ethereum ecosystem. The team plans to promote the network’s usage and the protocols that operate on it. This, combined with utilizing a recognized deployment of Uniswap, will aid in establishing Uniswap on Linea and in the greater ecosystem.
Consensys will cover all deployment costs, and is willing to contribute any engineering resources required for the deployment.
The Linea team operates and maintains a canonical Open Messaging Service (OMS). The OMS allows for messages to pass to and from Ethereum & Linea. The Ethereum network verifies smart contracts on the L1 that enforce a valid state on Linea.
The OMS will be operated in-house. The design implements a relayer and leverages the rollup to maintain state/security.
Although it is difficult to quantify success criteria, we can confidently state that establishing Uniswap as an early, dominant DEX is a priority.
The overarching success of the Uniswap deployment will be determined through increasing key DeFi metrics that include TVL, Volume, Users, and Swaps. Upon deployment, we will provide a dashboard to monitor Uniswap’s progress and assess market performance.
ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation web3 applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of MetaMask, Infura, Truffle, Diligence, and CNFT, serves millions of users. ConsenSys has the technical expertise to deploy Uniswap.
GFX Labs is a research and development company focused on decentralized finance (DeFi) and blockchain technology. The Chicago-based company recently launched Oku, an advanced trading interface for Uniswap v3. GFX Labs' goal is to support the democratization of finance through innovations in decentralized finance and finance technology.
ConsenSys is an active delegate and provides software services to Uniswap Labs. However, these developments and contractual relationships do not impact the organization’s independence.
GFX is an active delegate. See our delegate profile for more info.
The approval of this proposal by Uniswap governance will lead the stated Uniswap v3 contracts to be deemed as the canonical deployment on Linea. As is the case 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 v3deployments.uniswap.eth will be amended to include the reference to the stated v3 contracts on Linea.
This proposal has passed the temperature check phase. The relevant Uniswap v3 contracts have also been deployed on the Linea chain. If this onchain vote passes, this deployment will be officially recognized as a canonical v3 deployment through an amendment to the v3deployments.uniswap.eth subdomain. Thereafter, Uniswap Labs is left with the task of handling the front-end integration updates and including Linea to the auto router–this final step is not subject to the DAO’s discretion and is handled entirely by Uniswap Labs, a separate entity from DAO.
Due to the unforeseen movement in delegation, the original proposal was unexpectedly cancelled. However, this current proposal is presented with no changes to its content, objectives, and outcomes.
Consensys GFX Labs
Consensys is seeking a Uniswap V3 deployment for Linea’s mainnet launch, looking to further integrate Uniswap with the Consensys product ecosystem (MetaMask, Infura, Linea, et. al). A key aspect of Linea’s value proposition is its synergistic relationship with ConsenSys products. Establishing Uniswap as a dominant DEX on Linea would encourage more trading volume for the protocol and strengthen ties to current Consensys product users.
Linea’s testnet has impressively handled more than 47 million transactions. Many of these transactions are part of the Linea Voyage quest, a crucial initiative designed to help stress-test the network. This exercise aids in identifying potential issues and performance impediments before transitioning to Linea mainnet.
Moreover, Linea is aligned with developers throughout the broader ecosystem via our relationships with MetaMask, Infura, and Truffle, emphasizing our commitment in serving developers, protocols, and builders.
Users will conveniently find Linea natively supported in the MetaMask network dropdown list, and it will support the full range of MetaMask curated experiences. These experiences include On/Off Ramp, MetaBridge, MetaMask Swaps, Portfolio dApp, and MetaMask SDK - all of which could leverage the Uniswap protocol.
Linea aims to be a Type 2 zkEVM 1 and achieve EVM-equivalence, handling native EVM bytecode for proving and verification. This allows for the execution of Solidity smart contracts and enables developers to build while using familiar tools and infrastructure at extremely low switching costs. The network does not use transpilers or custom compilers on bytecode. By taking the compiled bytecode directly from solidity, we significantly reduce the surface area risk for bugs and hacks.
Linea seeks innovation, pushing the boundaries of the Web3 space while maintaining top security and full EVM compatibility as top priorities. One (of the many) things worth mentioning is Linea’s full support of EIP-4337 (Account Abstraction). Working with key stakeholders, the network already uses the single-entry-point contract and runs multiple networks of bundlers and paymasters services.
What is particularly exciting about Linea is its ability to consolidate transactions and submit proofs to the Ethereum mainnet using a novel prover mechanism. This process enhances throughput and minimizes transaction fees while maintaining the inherent security of the Ethereum network.
Vortex , a cryptographic primitive under development at ConsenSys, aims to increase the performance of Linea. It leverages a novel type of zkProof called a recursive aggregation proof. This is based on Ring-SIS, a well-known premise from lattice-based cryptography. This proofing system enables the batching of transactions to increase the network’s throughput while reducing fees. Linea also employs zk circuits to conduct computations. These cryptographic circuits facilitate secure and efficient computations.
Since the inception of Ethereum, ConsenSys was established to become the most potent proponent of decentralization worldwide. We believe that networks such as Ethereum can empower humanity to reach greater heights. With our experience handling web3 infrastructure, wallets, developer tools, public goods, and more, we are confident in our ability to steward Linea to complete decentralization and openness.
Linea is the result of more than 20 months of R&D from our award-winning research team that has released and maintains successful projects in the zk space like the GNARK library. Linea represents advancements in the zkEVM realm and the general field of cryptography. With the Linea network being incubated via Consensys, adoption will be encouraged through existing Consensys products and partnerships.
Some of these integrations include but are not limited to:
Linea is committed to actively pursuing decentralization. Over the following year, the Linea team plans to implement decentralizing features. Examples include introducing a DAO, decentralized sequencers and prover systems.
There are many benefits to a Uniswap deployment on Linea. In the following sections, we highlight our top three…
Observing Uniswap market share across crucial Layer 2 solutions reveals that the protocol enjoys several advantages x-chain. These include a strong community, brand recognition, and, most importantly, the first-mover advantage.
Total value locked (TVL) of Uniswap across significant roll-up ecosystems:
We anticipate that Uniswap will replicate its success in capturing market share on Linea, and we also hope that this deployment will serve as a model for the DAO on how Uniswap will perform with all upcoming L2/zkEVM launches over the next 6-8 months.
MetaMask Swaps is an aggregation product built natively into MetaMask. Across all integrated chains, as of last week, Swaps had an average weekly volume of ~$133M. Uniswap is consistently the largest leveraged dex of this weekly volume, executing ~58%, or $77.1M of trades.
Most of this volume is directed through Ethereum; however, observing comparable L2 deployments shows that Swaps contributed nearly 100M of volume to Arbitrum since integration.
Products like Swaps leverage many service providers, and only a few of them will be deployed on Linea day 1, providing Uniswap the opportunity to capture an even bigger market share of L2 volume produced from the product.
Another benefit for the protocol is the cross-promotion between Consensys and Uniswap, and to double down on the shared mission of contributing to the growth of the Ethereum ecosystem. The team plans to promote the network’s usage and the protocols that operate on it. This, combined with utilizing a recognized deployment of Uniswap, will aid in establishing Uniswap on Linea and in the greater ecosystem.
Consensys will cover all deployment costs, and is willing to contribute any engineering resources required for the deployment.
The Linea team operates and maintains a canonical Open Messaging Service (OMS). The OMS allows for messages to pass to and from Ethereum & Linea. The Ethereum network verifies smart contracts on the L1 that enforce a valid state on Linea.
The OMS will be operated in-house. The design implements a relayer and leverages the rollup to maintain state/security.
Although it is difficult to quantify success criteria, we can confidently state that establishing Uniswap as an early, dominant DEX is a priority.
The overarching success of the Uniswap deployment will be determined through increasing key DeFi metrics that include TVL, Volume, Users, and Swaps. Upon deployment, we will provide a dashboard to monitor Uniswap’s progress and assess market performance.
ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation web3 applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of MetaMask, Infura, Truffle, Diligence, and CNFT, serves millions of users. ConsenSys has the technical expertise to deploy Uniswap.
GFX Labs is a research and development company focused on decentralized finance (DeFi) and blockchain technology. The Chicago-based company recently launched Oku, an advanced trading interface for Uniswap v3. GFX Labs' goal is to support the democratization of finance through innovations in decentralized finance and finance technology.
ConsenSys is an active delegate and provides software services to Uniswap Labs. However, these developments and contractual relationships do not impact the organization’s independence.
GFX is an active delegate. See our delegate profile for more info.
The approval of this proposal by Uniswap governance will lead the stated Uniswap v3 contracts to be deemed as the canonical deployment on Linea. As is the case 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 v3deployments.uniswap.eth will be amended to include the reference to the stated v3 contracts on Linea.
This proposal has passed the temperature check phase. The relevant Uniswap v3 contracts have also been deployed on the Linea chain. If this onchain vote passes, this deployment will be officially recognized as a canonical v3 deployment through an amendment to the v3deployments.uniswap.eth subdomain. Thereafter, Uniswap Labs is left with the task of handling the front-end integration updates and including Linea to the auto router–this final step is not subject to the DAO’s discretion and is handled entirely by Uniswap Labs, a separate entity from DAO.
https://gov.uniswap.org/t/deploy-uniswap-v3-on-linea/21261/7?u=kaereste
https://gov.uniswap.org/t/deploy-uniswap-v3-on-linea/21261/7?u=kaereste
Thank you to everyone who provided feedback and to the Liquidity Managers for posting the pools they plan to incentivize along with their rationale. We are working to disperse the remaining 650K OP tokens to the liquidity managers.
With that, we will be beginning the last phase of the Liquidity Mining Program on Wednesday, May 3rd. The program will last approximately 12 weeks and end around the first week of August. The following pools will be incentivized:
Thank you to everyone who provided feedback and to the Liquidity Managers for posting the pools they plan to incentivize along with their rationale. We are working to disperse the remaining 650K OP tokens to the liquidity managers.
With that, we will be beginning the last phase of the Liquidity Mining Program on Wednesday, May 3rd. The program will last approximately 12 weeks and end around the first week of August. The following pools will be incentivized:
OP/USDT 0.3%
OP/USDC 0.3%
WETH/USDT 0.05%
USDC/SNX 0.3%
WETH/SNX 0.3%
LUSD/USDC 0.01%
WETH/rETH 0.05%
wstETH/USDC 0.05%
WETH/UNIDX 0.3%
sUSD/USDC 0.01%
OP-WETH 1%
wstETH-DAI 0.3%
OP/USDC 0.3%
OP/WETH 0.3%
WETH/SNX 0.3%
WETH/WBTC 0.3%
OP/BOB 0.05%
Hey everyone - xToken proposes the following pools:
sUSD-USDC 0.01% (highly concentrated range) With recent increased activity on Synthetix’s Perps v2 product, sUSD liquidity on Optimism is in high demand. sUSD liquidity on Optimism is currently dominated by Velodrome, representing an opportunity for Uniswap LPs. We’ll be incentivizing the lowest fee pool to drive volume.
Hey everyone - xToken proposes the following pools:
sUSD-USDC 0.01% (highly concentrated range) With recent increased activity on Synthetix’s Perps v2 product, sUSD liquidity on Optimism is in high demand. sUSD liquidity on Optimism is currently dominated by Velodrome, representing an opportunity for Uniswap LPs. We’ll be incentivizing the lowest fee pool to drive volume.
OP-WETH 1% (full range) On the back of our highly successful OP-governance-funded 6 month LM program for the OP-WETH 0.3% pool, we wanted to experiment with a different approach for another OP LM program. We noticed there were several periods of very high volatility for the OP token over the life of the previous program. As such, for this program, we will be incentivizing the 1% pool instead of the 0.3% pool to generate some primary data on whether the 1% pool on this pair may be more profitable for LPs.
wstETH-DAI (full range) We envision a future where ETH liquid staking derivatives become the dominant liquidity pair in DeFi, instead of ETH. For LPs, earning the ~4% or so annualized return from ETH staking – on top of any trading fees and rewards – will become the default. Right now, there is currently some risk surrounding liquid staking solutions, but we believe LPs will begin trending towards LSDs now that the Shanghai upgrade is live. Programs like this one can help establish wstETH and other LSDs as key trading pairs.
Incentive Structure Rewards will be divided equally among the pools over a 12 week period.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant, we (Arrakis Finance) would like to present the pools we Arrakis Finance believe would make the most sense to reward as well as the reasoning for them.
Pools to Incentivize:
Rationale:
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant, we (Arrakis Finance) would like to present the pools we Arrakis Finance believe would make the most sense to reward as well as the reasoning for them.
Pools to Incentivize:
Rationale:
Incentive Structure: The pools will all be incentivized equally, over a period of 3 months.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant. We at DefiEdge, would like to propose the following pools:
**| Pool | Fee Tier |**
**|-----------|---------:|**
**| OP/USDC | 0.30% |**
**| OP/WETH | 0.30% | **
**| WETH/SNX | 0.30% |**
**| WETH/WBTC | 0.30% |**
**| OP/BOB | 0.05% |**
Rationale for these pools: The choice of our above tokens is to choose the high TVL pools with different co-relations while targeting the tokens that usually are held generally outside UniswapV3 as well, e.g. WETH, WBTC, etc. The diversity ensures to attract users of different risk appetites with Stable-Stable, Stable-Volatile and Volatile-Volatile pairs both with high and low correlations between the two pools tokens.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant. We at DefiEdge, would like to propose the following pools:
**| Pool | Fee Tier |**
**|-----------|---------:|**
**| OP/USDC | 0.30% |**
**| OP/WETH | 0.30% | **
**| WETH/SNX | 0.30% |**
**| WETH/WBTC | 0.30% |**
**| OP/BOB | 0.05% |**
Rationale for these pools: The choice of our above tokens is to choose the high TVL pools with different co-relations while targeting the tokens that usually are held generally outside UniswapV3 as well, e.g. WETH, WBTC, etc. The diversity ensures to attract users of different risk appetites with Stable-Stable, Stable-Volatile and Volatile-Volatile pairs both with high and low correlations between the two pools tokens.
We would love the suggestions/feedback from the community for our selected pools. We have tried to keep a good balance between blue chip pairs and good established pairs. To ensure manifold benefits to the OP ecosystem along with providing diverse choice of pools for the DeFi community.
Hi @wario and @paulsengh, thank you for your interest and ideas in the Uniswap Optimism Liquidity Mining Program. We are always looking to iterate and experiment with new ideas that could further increase the effectiveness of liquidity mining programs.
We believe that these would be great ideas to explore with the Uniswap DAO’s Arbitrum Airdrop from the Arbitrum Protocol Airdrop Program! Conversations regarding how to best utilize the airdrop will begin soon so please keep an eye out for that in the forums.
When is Phase 3 starting please?
Hi @honn24x, thanks for the proposal and continued recommendation for liquidity mining on Optimism.
I'm the founder of Revert (https://revert.finance/) we are an analytics and management tool for LPs in Uniswapv3 (and other AMM protocols). Part of our suite of products is an auto-compounder for UniV3 positions, which has been deployed and in use since July 2022.
Hi everyone, this is Paul Sengh from Delta One. It’s great to see some analytics on the performance of LM! We commend the liquidity managers for making the process of LP’ing easier for end users, especially on promising new venues like Optimism.
Still, I believe there is substantial room for growth in UF outlining a clearer set of KPIs for the incentives. The analysis linked here shows a fairly trivial outcome: rewards can successfully rent liquidity. I urge us as a community to push further. Some data I’d like to see: volume and liquidity per dollar of incentive spend (along with simulations), competitive analysis to other DEXs, LP profitability compared to the other protocols on Optimism (risk-adjusted), LP behavior from receiving rewards (i.e. selling of rewards), and much more.
Thank you to everyone who provided feedback and to the Liquidity Managers for posting the pools they plan to incentivize along with their rationale. We are working to disperse the remaining 650K OP tokens to the liquidity managers.
With that, we will be beginning the last phase of the Liquidity Mining Program on Wednesday, May 3rd. The program will last approximately 12 weeks and end around the first week of August. The following pools will be incentivized:
Thank you to everyone who provided feedback and to the Liquidity Managers for posting the pools they plan to incentivize along with their rationale. We are working to disperse the remaining 650K OP tokens to the liquidity managers.
With that, we will be beginning the last phase of the Liquidity Mining Program on Wednesday, May 3rd. The program will last approximately 12 weeks and end around the first week of August. The following pools will be incentivized:
OP/USDT 0.3%
OP/USDC 0.3%
WETH/USDT 0.05%
USDC/SNX 0.3%
WETH/SNX 0.3%
LUSD/USDC 0.01%
WETH/rETH 0.05%
wstETH/USDC 0.05%
WETH/UNIDX 0.3%
sUSD/USDC 0.01%
OP-WETH 1%
wstETH-DAI 0.3%
OP/USDC 0.3%
OP/WETH 0.3%
WETH/SNX 0.3%
WETH/WBTC 0.3%
OP/BOB 0.05%
Hey everyone - xToken proposes the following pools:
sUSD-USDC 0.01% (highly concentrated range) With recent increased activity on Synthetix’s Perps v2 product, sUSD liquidity on Optimism is in high demand. sUSD liquidity on Optimism is currently dominated by Velodrome, representing an opportunity for Uniswap LPs. We’ll be incentivizing the lowest fee pool to drive volume.
Hey everyone - xToken proposes the following pools:
sUSD-USDC 0.01% (highly concentrated range) With recent increased activity on Synthetix’s Perps v2 product, sUSD liquidity on Optimism is in high demand. sUSD liquidity on Optimism is currently dominated by Velodrome, representing an opportunity for Uniswap LPs. We’ll be incentivizing the lowest fee pool to drive volume.
OP-WETH 1% (full range) On the back of our highly successful OP-governance-funded 6 month LM program for the OP-WETH 0.3% pool, we wanted to experiment with a different approach for another OP LM program. We noticed there were several periods of very high volatility for the OP token over the life of the previous program. As such, for this program, we will be incentivizing the 1% pool instead of the 0.3% pool to generate some primary data on whether the 1% pool on this pair may be more profitable for LPs.
wstETH-DAI (full range) We envision a future where ETH liquid staking derivatives become the dominant liquidity pair in DeFi, instead of ETH. For LPs, earning the ~4% or so annualized return from ETH staking – on top of any trading fees and rewards – will become the default. Right now, there is currently some risk surrounding liquid staking solutions, but we believe LPs will begin trending towards LSDs now that the Shanghai upgrade is live. Programs like this one can help establish wstETH and other LSDs as key trading pairs.
Incentive Structure Rewards will be divided equally among the pools over a 12 week period.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant, we (Arrakis Finance) would like to present the pools we Arrakis Finance believe would make the most sense to reward as well as the reasoning for them.
Pools to Incentivize:
Rationale:
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant, we (Arrakis Finance) would like to present the pools we Arrakis Finance believe would make the most sense to reward as well as the reasoning for them.
Pools to Incentivize:
Rationale:
Incentive Structure: The pools will all be incentivized equally, over a period of 3 months.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant. We at DefiEdge, would like to propose the following pools:
**| Pool | Fee Tier |**
**|-----------|---------:|**
**| OP/USDC | 0.30% |**
**| OP/WETH | 0.30% | **
**| WETH/SNX | 0.30% |**
**| WETH/WBTC | 0.30% |**
**| OP/BOB | 0.05% |**
Rationale for these pools: The choice of our above tokens is to choose the high TVL pools with different co-relations while targeting the tokens that usually are held generally outside UniswapV3 as well, e.g. WETH, WBTC, etc. The diversity ensures to attract users of different risk appetites with Stable-Stable, Stable-Volatile and Volatile-Volatile pairs both with high and low correlations between the two pools tokens.
For the 3rd Phase of the Uniswap Optimism Liquidity Mining Grant. We at DefiEdge, would like to propose the following pools:
**| Pool | Fee Tier |**
**|-----------|---------:|**
**| OP/USDC | 0.30% |**
**| OP/WETH | 0.30% | **
**| WETH/SNX | 0.30% |**
**| WETH/WBTC | 0.30% |**
**| OP/BOB | 0.05% |**
Rationale for these pools: The choice of our above tokens is to choose the high TVL pools with different co-relations while targeting the tokens that usually are held generally outside UniswapV3 as well, e.g. WETH, WBTC, etc. The diversity ensures to attract users of different risk appetites with Stable-Stable, Stable-Volatile and Volatile-Volatile pairs both with high and low correlations between the two pools tokens.
We would love the suggestions/feedback from the community for our selected pools. We have tried to keep a good balance between blue chip pairs and good established pairs. To ensure manifold benefits to the OP ecosystem along with providing diverse choice of pools for the DeFi community.
Hi @wario and @paulsengh, thank you for your interest and ideas in the Uniswap Optimism Liquidity Mining Program. We are always looking to iterate and experiment with new ideas that could further increase the effectiveness of liquidity mining programs.
We believe that these would be great ideas to explore with the Uniswap DAO’s Arbitrum Airdrop from the Arbitrum Protocol Airdrop Program! Conversations regarding how to best utilize the airdrop will begin soon so please keep an eye out for that in the forums.
When is Phase 3 starting please?
Hi @honn24x, thanks for the proposal and continued recommendation for liquidity mining on Optimism.
I'm the founder of Revert (https://revert.finance/) we are an analytics and management tool for LPs in Uniswapv3 (and other AMM protocols). Part of our suite of products is an auto-compounder for UniV3 positions, which has been deployed and in use since July 2022.
Hi everyone, this is Paul Sengh from Delta One. It’s great to see some analytics on the performance of LM! We commend the liquidity managers for making the process of LP’ing easier for end users, especially on promising new venues like Optimism.
Still, I believe there is substantial room for growth in UF outlining a clearer set of KPIs for the incentives. The analysis linked here shows a fairly trivial outcome: rewards can successfully rent liquidity. I urge us as a community to push further. Some data I’d like to see: volume and liquidity per dollar of incentive spend (along with simulations), competitive analysis to other DEXs, LP profitability compared to the other protocols on Optimism (risk-adjusted), LP behavior from receiving rewards (i.e. selling of rewards), and much more.
Hi @honn24x, thanks for the proposal and continued recommendation for liquidity mining on Optimism.
I'm the founder of Revert (https://revert.finance/) we are an analytics and management tool for LPs in Uniswapv3 (and other AMM protocols). Part of our suite of products is an auto-compounder for UniV3 positions, which has been deployed and in use since July 2022.
We would like to throw our hat into the ring and propose that individual LPs be also incentivized to provide liquidity via the auto-compounder. We have experience doing this as we have already done an incentives program funded directly with the Optimism Collective.
We have built a landing page to distribute the rewards via Merkel distributor contract which could be reused for another period if the community supports this idea. You can check it out here.
Worth noting that it in this case the incentives would only apply to the suggested pools, which would not be a problem, but one big advantage of including this is that incentives would also go to individual LPs instead of only trough liquidity managers. As you know individual LPs represent a majority of the liquidity in the protocol so it would be great to include them.
Appreciate your feedback on this.
Hi everyone, this is Paul Sengh from Delta One. It’s great to see some analytics on the performance of LM! We commend the liquidity managers for making the process of LP’ing easier for end users, especially on promising new venues like Optimism.
Still, I believe there is substantial room for growth in UF outlining a clearer set of KPIs for the incentives. The analysis linked here shows a fairly trivial outcome: rewards can successfully rent liquidity. I urge us as a community to push further. Some data I’d like to see: volume and liquidity per dollar of incentive spend (along with simulations), competitive analysis to other DEXs, LP profitability compared to the other protocols on Optimism (risk-adjusted), LP behavior from receiving rewards (i.e. selling of rewards), and much more.
As someone who has worked in the liquidity management space for 2+ years, I’d be happy to dive deeper into this analysis if the community believes it is worthwhile.
Hi @honn24x, thanks for the proposal and continued recommendation for liquidity mining on Optimism.
I'm the founder of Revert (https://revert.finance/) we are an analytics and management tool for LPs in Uniswapv3 (and other AMM protocols). Part of our suite of products is an auto-compounder for UniV3 positions, which has been deployed and in use since July 2022.
We would like to throw our hat into the ring and propose that individual LPs be also incentivized to provide liquidity via the auto-compounder. We have experience doing this as we have already done an incentives program funded directly with the Optimism Collective.
We have built a landing page to distribute the rewards via Merkel distributor contract which could be reused for another period if the community supports this idea. You can check it out here.
Worth noting that it in this case the incentives would only apply to the suggested pools, which would not be a problem, but one big advantage of including this is that incentives would also go to individual LPs instead of only trough liquidity managers. As you know individual LPs represent a majority of the liquidity in the protocol so it would be great to include them.
Appreciate your feedback on this.
Hi everyone, this is Paul Sengh from Delta One. It’s great to see some analytics on the performance of LM! We commend the liquidity managers for making the process of LP’ing easier for end users, especially on promising new venues like Optimism.
Still, I believe there is substantial room for growth in UF outlining a clearer set of KPIs for the incentives. The analysis linked here shows a fairly trivial outcome: rewards can successfully rent liquidity. I urge us as a community to push further. Some data I’d like to see: volume and liquidity per dollar of incentive spend (along with simulations), competitive analysis to other DEXs, LP profitability compared to the other protocols on Optimism (risk-adjusted), LP behavior from receiving rewards (i.e. selling of rewards), and much more.
As someone who has worked in the liquidity management space for 2+ years, I’d be happy to dive deeper into this analysis if the community believes it is worthwhile.
Thanks for the update @honn24x !
From the Gamma side, these are the following pools we will be incentivizing:
Rationale for choosing these pools:
Thanks for the update @honn24x !
From the Gamma side, these are the following pools we will be incentivizing:
Rationale for choosing these pools:
Happy to take feedback from the community, and I believe Arrakis, xToken, and DefiEdge are all doing different pairs, so we don't overlap and cover a good number of pairs to attract volumes for Uniswap!
Thanks for the update @honn24x !
From the Gamma side, these are the following pools we will be incentivizing:
Rationale for choosing these pools:
Thanks for the update @honn24x !
From the Gamma side, these are the following pools we will be incentivizing:
Rationale for choosing these pools:
Happy to take feedback from the community, and I believe Arrakis, xToken, and DefiEdge are all doing different pairs, so we don't overlap and cover a good number of pairs to attract volumes for Uniswap!