TLDR: This proposal adds Lisk to the v3 deployments record and grants Lisk an Onboarding Package, which includes $250k of UNI incentives for three months on three key markets and Angle Merkl’s integration of Lisk. Lisk will match Uniswap’s incentives 1-for-1. Additionally, Lisk is committed to locking $1 million of protocol-owned liquidity (POL) for one year in exchange for $125k in additional UNI rewards, bringing the total UNI incentives to $375k matched by $250k in LSK incentives and $1 million POL locked for a full year. Separate from this proposal, Lisk has arranged for Oku to support Lisk, and the contracts have been deployed.
About Lisk
Lisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk’s founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain.
Learn more about Lisk: Link
Today, Lisk’s total value locked is ~$150 million, which makes it the sixteenth largest chain Layer 2 by TVL, according to L2beats. Having launched its Developer Mainnet in June and with the Public Mainnet scheduled for Q4, the Lisk DeFi ecosystem is very much in its infancy.
Roll Out Plan
With Lisk still in its early stages, Uniswap has the opportunity to grab the majority of its market share without spending much capital. We propose directing the requested UNI incentives to the following markets:
- USDC/USDT 0.05% - 42.5%
- WETH/USDT 0.30% - 42.5%
- LSK/ETH 0.30% - 15%
Oku has already completed integrating the contracts with its infrastructure. If the proposal passes, we will coordinate with the Lisk team, Angle Merkl, and the Accountability Committee to set up the incentives as soon as possible. As of now, we’re shooting to be live the week of October 21st. In the meantime, anyone from the ecosystem who would like the contract details can find them below, or if they want access to the staging deployment for Lisk on Oku, they can contact the Oku team.
Deployment Details
GFX Labs deployed the standard Uniswap v3 contracts and the associated peripheral contracts on Lisk. The crosschain account handles the deployment’s ownership via Lisk’s messaging system.
- v3CoreFactoryAddress: 0x0d922Fb1Bc191F64970ac40376643808b4B74Df9
- multicall2Address: 0xE3dbcD53f4Ce1b06Ab200f4912BD35672e68f1FA
- proxyAdminAddress: 0x454050C4c9190390981Ac4b8d5AFcd7aC65eEffa
- tickLensAddress: 0x38EB9e62ABe4d3F70C0e161971F29593b8aE29FF
- nftDescriptorLibraryAddressV1_3_0: 0x743E03cceB4af2efA3CC76838f6E8B50B63F184c
- nonfungibleTokenPositionDescriptorAddressV1_3_0: 0x8B3c541c30f9b29560f56B9E44b59718916B69EF
- descriptorProxyAddress: 0x6Aa54a43d7eEF5b239a18eed3Af4877f46522BCA
- nonfungibleTokenPositionManagerAddress: 0x5911cB3633e764939edc2d92b7e1ad375Bb57649
- v3MigratorAddress: 0xaa52bB8110fE38D0d2d2AF0B85C3A3eE622CA455
- v3StakerAddress: 0xdD489C75be1039ec7d843A6aC2Fd658350B067Cf
- quoterV2Address: 0x738fD6d10bCc05c230388B4027CAd37f82fe2AF2
- swapRouter02: 0x1b35fbA9357fD9bda7ed0429C8BbAbe1e8CC88fc
- Permit2: 0xB952578f3520EE8Ea45b7914994dcf4702cEe578
- Universal Router: 0x447B8E40B0CdA8e55F405C86bC635D02d0540aB8
- Limit order registry: 0x352A86168e6988A1aDF9A15Cb00017AAd3B67155
- Crosschain account: 0x81dE30A9a2816F95f2EE8DF62bafC45a095d57b2
Cost
- $375k in UNI for three months of incentives
- €20k for Angle Merkl
Two things are worth noting. First, Lisk will match Uniswap’s incentives 1-for-1. Second, Oku is not included in the costs of this proposal because Lisk already arranged for Oku to deploy and integrate the Uniswap v3 contracts.
Timeline
Below is the proposed timeline for delegates’ consideration. The timeline is an estimate and may be extended during the process as more time is required.
- Contracts deployed (completed)
- Request for Comment (RFC) ends October 6th
- Temperature check October 7th-12th
- The onchain vote review period starts on October 12th
- Onchain voting opens on October 14th
Added Comment
In addition to the proposed $250k in matching incentives, Lisk is also ready to lock protocol-owned liquidity (POL) to further enhance long-term sustainability and strategic alignment. Specifically, we propose locking $1 million of POL for a minimum duration of one year, in exchange for an additional $125k in UNI rewards.
This adjustment brings the total UNI incentives to $375k, matched by $250k in LSK incentives, alongside the $1 million POL locked for a full year.
