Incentive Package for Sonic (Formerly Fantom)

Overview:

The deployment of Uniswap on Sonic has sucessfully be completed. This is a vote to gauge whether we should match $250k of incentives for Sonic's $500k committment.

About:

Sonic is an EVM layer-1 blockchain platform focused on delivering exceptional performance, enabling developers to scale their applications without limits while ensuring smooth user experiences with benefits such as:

Native Bridge from Ethereum - Sonic Gateway
10,000 Transactions per Second
Sub-Second Finality
Fee Monetisation
100% EVM Compatible
Solidity/Vyper Support

Key Benefits of Sonic and synergy with Uniswap:

Scalability and Speed: Sonic boasts the ability to process 10,000 transactions per second (TPS) with sub-second transaction finality, ensuring fast and irreversible transactions. This makes it highly efficient for applications requiring high throughput and low latency.
Availability of Key Infrastructure: Sonic Labs has confirmed integration of key infrastructure partners such as Alchemy, Safe, Etherscan, Chainlink, Gelato, Biconomy, Dune, etc., making it extremely easy to onboard new builders.
Cost Efficiency: Operating on Sonic is cost-effective, with a 66% reduction in validator node costs and up to a 96% reduction in large-scale RPC node costs compared to previous solutions. This is coupled with advanced live-pruning capabilities that streamline node management.
EVM Compatibility: Sonic is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing smart contracts without modifications. This ensures seamless migration from other chains and expands the potential for onboarding new applications.
Innovative Funding and Airdrop: Sonic will have an airdrop campaign of 190,500,000 $S tokens to incentivize users and applications. Additionally, the Sonic Labs Innovator Fund offers up to 200,000,000 $S from the Sonic Foundation treasury to expedite the immediate adoption of apps to the Sonic chain and support innovative ventures.
Fee Monetization (FeeM): The FeeM program on Sonic offers developers up to 90% of the fees their apps generate, providing them with sustainable income and retaining talented creators.
Advanced Infrastructure: With enhanced node synchronization (10x faster than alternatives) and a significantly smaller database size, Sonic provides a robust and scalable foundation for blockchain operations.

Proposal Stakeholders

Proposer: Sonic Labs
Deployer: GFX Labs
Bridge Provider: Wormhole
Target Chain: Sonic
Front-end: Oku
Proposal Sponsor: @PGov

Deployment Details

As with all canonical v3 deployments, this deployment will be subject to Ethereum Layer 1 Uniswap Protocol governance and control. The text record of the uniswap.eth ENS subdomain titled v3-deployments.uniswap.eth will be amended by the Accountability Committee to include references to the stated v3 contracts.

Deployed Addresses:

v3CoreFactoryAddress: 0xcb2436774C3e191c85056d248EF4260ce5f27A9D
multicall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435
... (list continues with other deployed addresses)

Incentive Plan:

We propose that Uniswap DAO allocate $250k worth of $UNI tokens as liquidity mining rewards for a period of 6 months from the date of launch. Concurrently, Sonic Labs will provide $500k in $S tokens to the DAO. Here are some prospective pools:

$USDC/$USDT
$WETH/$solvBTC
$S/$USDC

Voting Options:

$250k incentive match
Do not match
Abstain

start

December 20, 2024

3:00 AM

end

December 25, 2024

3:00 AM

Voting ends in

Voting

off-chain

Voting type

single-choice

Voters

198

Votes

26,321,856

Current Votes

active

$250k Incentive Match

26.3M UNI

100%

Do Not Match

54.8 UNI

Abstain

6.1 UNI

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%