This proposal seeks approval to begin the Uniswap Liquidity Program v0.1 to migrate liquidity to v3. A detailed proposal on the Uniswap Liquidity Program can be found here.
This proposal outlines a framework for establishing a liquidity incentives program (Uniswap Liquidity Program, ULP) with the goals of: accelerating the migration of liquidity to Uniswap v3; encouraging new market participants to experiment with liquidity provision, further distributing ownership of UNI tokens, and supporting ecosystem growth over the long-term.
We propose the program start with an initial maximum budget of 1.662m UNI, to be allocated as liquidity incentives across two quarters. Continuation of the program will require an additional governance vote. Upon renewal of the program, each of the three initiatives can be broken out into separate proposals.
The program will aim to bootstrap liquidity across three different initiatives:
Note that this is just the beginning of the Uniswap Liquidity Program (v0.1). We want to start simple and evaluate the program's effectiveness before we expand it. We will provide periodic updates on ULP to Uniswap governance and seek community feedback.
Should we begin Uniswap Liquidity Program v0.1?