Weekly Update - June 26, 2023
Welcome to the Uniswap Weekly Update, your guide to what's happening in Uniswap governance.
⌛ Key Points
The community governance process to determine how to use Uniswap's 4.4 million ARB tokens is progressing with an expected Snapshot vote on Wednesday, June 28th. The Gauntlet and Gamma teams have combined their competing liquidity incentive-focused proposals into a single joint proposal.
A Temperature Check vote to deploy Uniswap on Fantom passed on June 24th.
Summary: A proposal from Blockchain@Columbia, with the Fantom and Axelar teams, to deploy Uniswap V3 on Fantom Chain. Blockchain@Columbia argues that with Uniswap's Business Source License expiring, "it is crucial for Uniswap to establish market share in other ecosystems." Fantom's $450m TVL and steady growth makes it a worthy target market for Uniswap. According to the proposal, the Fantom Foundation and the Axelar team will handle backend deployment of the smart contracts at no cost to Uniswap, which will be responsible for frontend deployment.
Status: Passed on Saturday, June 24th
Note: An onchain proposal will be introduced once contracts have been audited.
✍️ Forum Highlights
Over the past few weeks, the Uniswap community has been deliberating what to do with the 4.4 million ARB tokens that Uniswap received in the Arbitrum airdrop. More detail on each of the proposals can be found in our previous two Uniswap governance updates, here and here.
On Wednesday, June 24th, Gauntlet and Gamma posted in the forum announcing that they are combining their competing liquidity incentive-focused proposals into one joint proposal. According to the forum post, the DefiEdge and BrincX teams, which had similar proposals of their own, "will join as liquidity managers." The proposals calls for 2m ARB for the program, just under half of the total ARB held by Uniswap.
Alastor's proposal to create a UNI-ARB working group is receiving mixed feedback from the community. While there seems to be some support for the idea, there is also concern about the complexity and accountability of the working group.
Uniswap Foundation governance lead @eek637 announced that he will introduce a "Snapshot with each proposal listed as an option," on Wednesday, June 26th, adding that "the sum of the ARB requests will be less than or equal to the total amount of the DAO’s grant" and that "delegates can vote for any, all, or none of the proposals. Each proposal with > 10m votes will move to the next round of on-chain voting."
📰 Stakeholder/Delegate News
📅 Upcoming Events
There are no upcoming events.
🔮 Upcoming Votes
A Snapshot proposal on the plan for Uniswap's ARB distribution is expected to be introduced on Wednesday, June 28th.
Onchain votes regarding Uniswap v3 deployments to Fantom and Filecoin Virtual Machine are expected in the coming weeks following audits.
Thank you for reading the Uniswap Weekly Governance Update.
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