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
and off topic, but also a little in... Welcome to Uniswap Governance dear @0xbuzzlightyear ! Hope you enjoy it here and have many more proposals to discuss with us.
Agreed. This is the clearest yes a proposal could ever receive.
and off topic, but also a little in... Welcome to Uniswap Governance dear @0xbuzzlightyear ! Hope you enjoy it here and have many more proposals to discuss with us.
Agreed. This is the clearest yes a proposal could ever receive.
Not necessary. There isn't enough incentive to LPs.
Not necessary. There isn't enough incentive to LPs.
This was executed in proposal 32: https://app.uniswap.org/vote#/vote/2/32
Thank you to everyone who participated in the temperature check. The proposal has been moved to onchain and is now in its review period. Proposal link
Thanks @GFXlabs for formalising this proposal and putting it up for a Snapshot!
We are in full support and think the 1bp implementation is important for Uniswap's competitiveness on Arbitrum.
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
This was executed in proposal 32: https://app.uniswap.org/vote#/vote/2/32
Thank you to everyone who participated in the temperature check. The proposal has been moved to onchain and is now in its review period. Proposal link
Thanks @GFXlabs for formalising this proposal and putting it up for a Snapshot!
We are in full support and think the 1bp implementation is important for Uniswap's competitiveness on Arbitrum.
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
Agreed. Thanks for proposing, this is a no-brainer.
Agreed! Let's make it happen.
Agreed. Thanks for proposing, this is a no-brainer.
Agreed! Let's make it happen.
