BOB is a unique Hybrid Layer 2 that combines Bitcoin’s security with EVM smart contracts. By placing BTC at the heart of DeFi, BOB can unlock new use cases and trillions in liquidity. This makes BOB the ideal home for Bitcoin DeFi - the best and safest place to earn yield on Bitcoin. In October, 2024, BOB became an official Uniswap V3 deployment. This proposal requests a Uniswap Onboarding Package for BOB Network and is brought to the DAO by the Uniswap Growth Program in collaboration with BOB (Build on Bitcoin).
Read the BOB Hybrid L2 Vision Paper, Hybrid L2 Technical Blueprint and the BitVM V2 Paper to learn more
BOB was awarded a 750k OP grant from the Optimism Grants Council in December 2024 to accelerate Bitcoin DeFi adoption within the Superchain. To maximize the impact of this funding, BOB launched BOB Rise, a four-month user incentive program (February – June, 2025) designed to distribute OP rewards strategically across key DeFi protocols in the BOB ecosystem.
Visit BOB Rise Dashboard (managed by Merkl).
Uniswap plays a central role in BOB’s DeFi ecosystem, as a key participant in BOB Rise, Uniswap has maintained its position as the leading protocol by TVL throughout the campaign, with consistent capital efficiency across both incentive tranches.
Uniswap’s Performance in BOB Rise (Feb 26 – Mar 24, 2025):
Incentivised Pools:
Campaign Impact as of March 24, 2025:
Return on Emission for Uniswap:
Read more on BOB’s OP grant here
Fusion is a point-based reward program designed to bootstrap ecosystem growth and deepen user engagement across DeFi verticals.
Structured across three seasons, the campaign rewarded users with BOB Spice points for meaningful on-chain activity in areas such as lending, liquid restaking, and DEXes. Currently there are over 773k users harvesting Spice points via BOB Fusion.
A core design philosophy behind Fusion was to allocate multipliers strategically to amplify incentives for high-impact behaviors. In the final season, BOB introduced specially high multipliers for DEX activity, with Uniswap (via Oku) receiving a 11 to 33x multiplier —the highest of the campaign. This was a deliberate decision to cement Uniswap as a core DEX on BOB, while also positioning BOB as the go-to place for users to trade BTC and BTC-related assets on Uniswap.
Read more about the Fusion Campaign
Check out BOB Fusion on BOB Dapp.
Fusion reward multiplier for Uniswap
Reward multiplier for trading BTC assets on Uniswap:
This structure was designed to incentivize BTC LST trading on Uniswap and establish BOB as the best place for BTC DeFi.
BOB is committed to allocating $500K to Uniswap to grow liquidity across strategic pools over the next six months. BOB will work with the Uniswap Growth Program to distribute a mix of native token emissions on BOB, partner rewards from the Babylon ecosystem, contributions from collaborating protocols, and additional OP incentives to boost liquidity and drive adoption. The $500k matching incentives stated above is subject to be materially higher based on rewards from partners like Babylon and OP. Exact amounts will be disclosed at a later date but not yet publicly available.
This proposal requests funding for BOB’s Uniswap onboarding package, which includes user incentives for UniV3 pools, as well as retroactive funding for Oku and Merkl integrations.
The total request amounts to $375k worth of UNI, broken down as follows:
Reference: https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616?u=getty *Note: The Merkl cost covered in this proposal refers solely to the Uniswap deployment for Oku incentives, with other campaigns like BOB Rise handled under separate agreements.
Classic Pairs:
Local Pairs:
No BOB token has been announced but if there would be a BOB token, the suggestion is to also set up the following market:
Allocation of the incentives subjected to re-evaluation and adjustment based on performance during the incentivised period.
Lombard BTC (LBTC)
Designed to be the stETH of Bitcoin, LBTC provides holders with a native staking yield via Babylon whilst simultaneously maintaining liquidity, enabling them to move freely through DeFi.
BOB is a unique Hybrid Layer 2 that combines Bitcoin’s security with EVM smart contracts. By placing BTC at the heart of DeFi, BOB can unlock new use cases and trillions in liquidity. This makes BOB the ideal home for Bitcoin DeFi - the best and safest place to earn yield on Bitcoin. In October, 2024, BOB became an official Uniswap V3 deployment. This proposal requests a Uniswap Onboarding Package for BOB Network and is brought to the DAO by the Uniswap Growth Program in collaboration with BOB (Build on Bitcoin).
Read the BOB Hybrid L2 Vision Paper, Hybrid L2 Technical Blueprint and the BitVM V2 Paper to learn more
BOB was awarded a 750k OP grant from the Optimism Grants Council in December 2024 to accelerate Bitcoin DeFi adoption within the Superchain. To maximize the impact of this funding, BOB launched BOB Rise, a four-month user incentive program (February – June, 2025) designed to distribute OP rewards strategically across key DeFi protocols in the BOB ecosystem.
Visit BOB Rise Dashboard (managed by Merkl).
Uniswap plays a central role in BOB’s DeFi ecosystem, as a key participant in BOB Rise, Uniswap has maintained its position as the leading protocol by TVL throughout the campaign, with consistent capital efficiency across both incentive tranches.
Uniswap’s Performance in BOB Rise (Feb 26 – Mar 24, 2025):
Incentivised Pools:
Campaign Impact as of March 24, 2025:
Return on Emission for Uniswap:
Read more on BOB’s OP grant here
Fusion is a point-based reward program designed to bootstrap ecosystem growth and deepen user engagement across DeFi verticals.
Structured across three seasons, the campaign rewarded users with BOB Spice points for meaningful on-chain activity in areas such as lending, liquid restaking, and DEXes. Currently there are over 773k users harvesting Spice points via BOB Fusion.
A core design philosophy behind Fusion was to allocate multipliers strategically to amplify incentives for high-impact behaviors. In the final season, BOB introduced specially high multipliers for DEX activity, with Uniswap (via Oku) receiving a 11 to 33x multiplier —the highest of the campaign. This was a deliberate decision to cement Uniswap as a core DEX on BOB, while also positioning BOB as the go-to place for users to trade BTC and BTC-related assets on Uniswap.
Read more about the Fusion Campaign
Check out BOB Fusion on BOB Dapp.
Fusion reward multiplier for Uniswap
Reward multiplier for trading BTC assets on Uniswap:
This structure was designed to incentivize BTC LST trading on Uniswap and establish BOB as the best place for BTC DeFi.
BOB is committed to allocating $500K to Uniswap to grow liquidity across strategic pools over the next six months. BOB will work with the Uniswap Growth Program to distribute a mix of native token emissions on BOB, partner rewards from the Babylon ecosystem, contributions from collaborating protocols, and additional OP incentives to boost liquidity and drive adoption. The $500k matching incentives stated above is subject to be materially higher based on rewards from partners like Babylon and OP. Exact amounts will be disclosed at a later date but not yet publicly available.
This proposal requests funding for BOB’s Uniswap onboarding package, which includes user incentives for UniV3 pools, as well as retroactive funding for Oku and Merkl integrations.
The total request amounts to $375k worth of UNI, broken down as follows:
Reference: https://gov.uniswap.org/t/uniswap-revitalization-and-growth/22616?u=getty *Note: The Merkl cost covered in this proposal refers solely to the Uniswap deployment for Oku incentives, with other campaigns like BOB Rise handled under separate agreements.
Classic Pairs:
Local Pairs:
No BOB token has been announced but if there would be a BOB token, the suggestion is to also set up the following market:
Allocation of the incentives subjected to re-evaluation and adjustment based on performance during the incentivised period.
Lombard BTC (LBTC)
Designed to be the stETH of Bitcoin, LBTC provides holders with a native staking yield via Babylon whilst simultaneously maintaining liquidity, enabling them to move freely through DeFi.
https://gov.uniswap.org/t/rfc-uniswap-onboarding-package-for-bob/25436/10
https://gov.uniswap.org/t/she256-delegate-platform/25204/5?u=she256
https://gov.uniswap.org/t/rfc-uniswap-onboarding-package-for-bob/25436/10
https://gov.uniswap.org/t/she256-delegate-platform/25204/5?u=she256
I 💕 this idea. UNIs long term holders are providing a loyal strong base to build around.
great proposal Having own LP tokens will ensure that liquidity will never be lacking
I think you're on a valid track here, at least proposing to actively manage the UNI treasury in theory sounds like a good idea.
In practice I'm not sure that it will be easy to coordinate managing the UNI treasury, given the barriers to passing proposals for this project in particular.
I think you're on a valid track here, at least proposing to actively manage the UNI treasury in theory sounds like a good idea.
In practice I'm not sure that it will be easy to coordinate managing the UNI treasury, given the barriers to passing proposals for this project in particular.
Are there any governance token projects with community distribution that actively manage their treasury? Would be cool to see how others are doing it.
EDIT: Looks like AAVE and SNX might actually do this - still need to learn more though, reading about it here: https://forum.makerdao.com/t/maker-stability-module-inspired-by-aave-and-synthetix/5912
Maybe we can put UNI in a Maker vault, and then lend the Dai on Compound.
Thank you, we totally agree with your policy.
Respectfully yours: Director of the publishing house "Owl Fairy Tail" - individual entrepreneur Zelinsky Evgeny Petrovich.
Swap treasury for ETH and BTC and lock permanent liquidity. This way, we will grow with ETH and BTC, we will earn more and more fees every day...
It's interesting that no one is interesting in this!
Accumulating ETH and BTC sounds more like an investment, UNI price at the moment is pure speculation as there is not anything certain that allows us to make evaluation.
I 💕 this idea. UNIs long term holders are providing a loyal strong base to build around.
great proposal Having own LP tokens will ensure that liquidity will never be lacking
I think you're on a valid track here, at least proposing to actively manage the UNI treasury in theory sounds like a good idea.
In practice I'm not sure that it will be easy to coordinate managing the UNI treasury, given the barriers to passing proposals for this project in particular.
I think you're on a valid track here, at least proposing to actively manage the UNI treasury in theory sounds like a good idea.
In practice I'm not sure that it will be easy to coordinate managing the UNI treasury, given the barriers to passing proposals for this project in particular.
Are there any governance token projects with community distribution that actively manage their treasury? Would be cool to see how others are doing it.
EDIT: Looks like AAVE and SNX might actually do this - still need to learn more though, reading about it here: https://forum.makerdao.com/t/maker-stability-module-inspired-by-aave-and-synthetix/5912
Maybe we can put UNI in a Maker vault, and then lend the Dai on Compound.
Thank you, we totally agree with your policy.
Respectfully yours: Director of the publishing house "Owl Fairy Tail" - individual entrepreneur Zelinsky Evgeny Petrovich.
Swap treasury for ETH and BTC and lock permanent liquidity. This way, we will grow with ETH and BTC, we will earn more and more fees every day...
It's interesting that no one is interesting in this!
Accumulating ETH and BTC sounds more like an investment, UNI price at the moment is pure speculation as there is not anything certain that allows us to make evaluation.
Accumulating ETH and BTC sounds more like an investment, UNI price at the moment is pure speculation as there is not anything certain that allows us to make evaluation.
I agree that's a great idea if we talk about BTC and ETH LPs but that is a few months away.
Let's not waist our assets on liquidity mining because:
It's an interesting idea, but I wouldn't advocate doing it with UNI, it seems like we'd be selling our most valuable asset at a discount to do that. Instead I would like to explore taking the fees that accumulate to the UNI in the treasury to re-invest in LP pools
PS - I'm saying this assuming that we stop doing large scale liquidity mining...
Accumulating ETH and BTC sounds more like an investment, UNI price at the moment is pure speculation as there is not anything certain that allows us to make evaluation.
I agree that's a great idea if we talk about BTC and ETH LPs but that is a few months away.
Let's not waist our assets on liquidity mining because:
It's an interesting idea, but I wouldn't advocate doing it with UNI, it seems like we'd be selling our most valuable asset at a discount to do that. Instead I would like to explore taking the fees that accumulate to the UNI in the treasury to re-invest in LP pools
PS - I'm saying this assuming that we stop doing large scale liquidity mining...
