Temperature Check - Deploy Uniswap V3 on Harmony through an Additional Use Grant to Hermes DeFi
Dear Uniswap community,
Since our initial proposal submission 9 days ago to bring Uniswap V3 technology to Harmony, we have seen an extremely positive response from both the Harmony and Uniswap communities. We have integrated community feedback and compiled a revised proposal and have posted it on the Uniswap governance forum: https://gov.uniswap.org/t/temperature-check-deploy-uniswap-v3-on-harmony-through-an-additional-use-grant-to-hermes-defi/16128
In summary, Hermes DeFi is requesting an Additional Use grant from Uniswap to deploy Uniswap V3 based smart contracts to power a new AMM/DEX on the Harmony blockchain.
In exchange for this permission, the Uniswap DAO will receive:
- A 10% allocation of HERMES tokens
- 25% of platform trading fees, returned as IRIS (decreasing 5% each year for the next 5 years)
- 50% of platform trading fees for the IRIS/1UNI pair, which will have a dedicated farm for the foreseeable future.
- 2% of IRIS supply (governance token of Hermes).
- Lending and borrowing support for 1UNI upon the launch of our lending market.
- The ability to bond 1UNI to earn HERMES as a mechanism of protocol-owned liquidity.