By GFX Labs & ConsenSys
This proposal seeks to deploy a 1bp fee tier for UniswapV3 on Arbitrum. This will allow users to trade with lower fees, making it more accessible and competitive with other decentralized exchanges. The optionality of a 1bp fee tier is useful for stable-to-stable swapping and can often be found among the top ten liquidity pools on each of Uniswap’s respective deployments.
Since the launch of the 1bp fee tier on mainnet, Polygon, and Optimism, the 1bp fee tier has directly led to growth in Uniswap’s DEX market share and directly competes with stablecoin DEX protocols.
Benefits:
Favorable outcomes from deploying the 1bp fee tier on all other existing Uniswap v3 deployments make this an uncontroversial upgrade of the Arbitrum deployment.
Arbitrum has a thriving ecosystem of DeFi dapps that will benefit from less stable-to-stable friction. The Uniswap deployment on Arbitrum currently has ~200M of TVL and ~160M of volume. With Curve’s liquidity bribing mechanism losing efficiency, Uniswap is in a strong position to compete for traders’ flow and LPs’ liquidity by providing more competitive fee tiers.
Outlined from the discussion + additions.
Target: Arbitrum Delayed Inbox Function: createRetryableTicket
By GFX Labs & ConsenSys
This proposal seeks to deploy a 1bp fee tier for UniswapV3 on Arbitrum. This will allow users to trade with lower fees, making it more accessible and competitive with other decentralized exchanges. The optionality of a 1bp fee tier is useful for stable-to-stable swapping and can often be found among the top ten liquidity pools on each of Uniswap’s respective deployments.
Since the launch of the 1bp fee tier on mainnet, Polygon, and Optimism, the 1bp fee tier has directly led to growth in Uniswap’s DEX market share and directly competes with stablecoin DEX protocols.
Benefits:
Favorable outcomes from deploying the 1bp fee tier on all other existing Uniswap v3 deployments make this an uncontroversial upgrade of the Arbitrum deployment.
Arbitrum has a thriving ecosystem of DeFi dapps that will benefit from less stable-to-stable friction. The Uniswap deployment on Arbitrum currently has ~200M of TVL and ~160M of volume. With Curve’s liquidity bribing mechanism losing efficiency, Uniswap is in a strong position to compete for traders’ flow and LPs’ liquidity by providing more competitive fee tiers.
Outlined from the discussion + additions.
Target: Arbitrum Delayed Inbox Function: createRetryableTicket
really support this proposal.We need 1bp fee tier on optimism.
Totally for that idea as well! I even mentioned it in my proposal. However as of now each rollup has it's own cross-chain governance implications and can't be bundled into a single UIP. Thus the focus on Optimism for the scope this proposal.
really support this proposal.We need 1bp fee tier on optimism.
Totally for that idea as well! I even mentioned it in my proposal. However as of now each rollup has it's own cross-chain governance implications and can't be bundled into a single UIP. Thus the focus on Optimism for the scope this proposal.
1bps fee tier has turned out to be a positive on Ethereum mainnet. Expanding it to other chains is a no-brainer & on an L2, the impact will be even more positive in terms of price slippage to traders.
This is a great proposal Millie! This will give Layer 2 LPs optionality to provide liquidity in a competitive way with sustainable swap volume!
1bps fee tier has turned out to be a positive on Ethereum mainnet. Expanding it to other chains is a no-brainer & on an L2, the impact will be even more positive in terms of price slippage to traders.
This is a great proposal Millie! This will give Layer 2 LPs optionality to provide liquidity in a competitive way with sustainable swap volume!
Great proposal! But why not expand to all chains? I’d prefer editing this to include Arbitrum and (potentially, not sure if we’d want to wait on a unified bridge as per OtherInternet) Celo, Moonbeam, and Gnosis Chain.
cc @tobyshorin per the unified bridge, would love your thoughts about how we should proceed with non-L2 governance and to know about any updates
This proposal can help uniswap go further. I support it～
Great proposal! But why not expand to all chains? I’d prefer editing this to include Arbitrum and (potentially, not sure if we’d want to wait on a unified bridge as per OtherInternet) Celo, Moonbeam, and Gnosis Chain.
cc @tobyshorin per the unified bridge, would love your thoughts about how we should proceed with non-L2 governance and to know about any updates
This proposal can help uniswap go further. I support it～
Just noting here that the 1bp fee tier has been enabled on Optimism. See tx here.
Just noting here that the 1bp fee tier has been enabled on Optimism. See tx here.
