Dear Uniswap Community,

A few weeks ago, Voltz submitted a proposal to request for an “Additional Use Grant” from the Uniswap Community. This would allow Voltz to use aspects of the v3 code that is subject to a “Business Source License”. Voltz recognises the significant R&D that went into v3 and as a result is offering Uniswap Governance 1% of Voltz future tokens, alongside a number of non-financial benefits. The full proposal is available here https://gov.uniswap.org/t/should-uniswap-provide-voltz-with-v3-additional-use-grant/15669?u=simonj

We were delighted and humbled by the response from the Uniswap Community to our Temperature Check vote, with >99% voting in favour of our proposal! The Temperature Check also met the 25k UNI Yes threshold required to pass. https://snapshot.org/#/uniswap/proposal/0x4f42b3215c4028edd947dc69980a9b8ba837ffbe3d0caa60d999406d634c8e79

We are now kicking off the Consensus Check - the 2nd of 3 votes, which requires 50k UNI Yes votes to pass - with the community. https://gov.uniswap.org/t/consensus-check-should-uniswap-provide-voltz-with-v3-additional-use-grant/16012?u=simonj

We’re excited to see how the community votes! And we’re excited to make this happen and set a precedent for DeFi!

Voltz TL;DR

Voltz is a new DeFi primitive, bringing interest rate swaps to DeFi in a manner that is up to 3000x more capital efficient than alternative models. Voltz, therefore, is not a competitor to Uniswap but instead is complementary; interest rate swaps are a core pillar of well-functioning financial systems - so as Voltz grows it should help DeFi grow, which in turn should have second order benefits to Uniswap.