TLDR:

The proposal to deploy Uniswap on Redstone has completed the 7-day RFC phase. All contracts have been deployed and verified. This deployment has therefore been optimistically approved by the Uni DAO. We will now turn to a temperature check to vote on whether or not the DAO would like to employ the Uniswap Onboarding Package to help incentivize Uniswap pools on Redstone. This vote also includes a veto option, allowing any delegates who hold a dissenting opinion to veto this deployment altogether.

• Redstone will not be providing any incentive matching, nor will they be bootstrapping liquidity on their end.

Onboarding Package:

The purpose of the Uniswap Onboarding Package is to allow new deployments of Uniswap v3 to get set up with three months’ worth of liquidity incentives, a frontend, and an incentive distribution tool like Merkl. These resources will help position Uniswap to have a formidable presence on new EVM chains.

Criteria for Package Adoption:

This off-chain vote will be used to determine how much in incentives–if any–the DAO would like to allocate to this deployment. The options are as follows:

• Incentivize $250k
• Incentivize $500k
• Incentivize $750k
• Incentivize $1M
• Deploy without incentives
• Veto this deployment altogether

This temp check will be considered met as long as the total number of votes cast for the funding options is over >10M. If there isn't a clear winner for which level of incentives the chain should receive, a discussion can be had before the onchain proposal. All incentives will be distributed to LPs in terms of $UNI on the target chain.

Further Details:

• Incentivized pools will primarily be blue chips like wETH-USDC–and any local pools if applicable. The onchain vote will include the final details for pool info.
• The Accountability Committee will escrow the inflight incentives.
• The DAO will not be using the funds from this vote for front-end integration and maintenance since Redstone has covered this cost.
• Angle Merkl will be paid for incentive distribution. The fixed integration cost going to Merkl for this deployment is €20k.
• Angle Merkl charges 3% on incentives distributed with their system. They have offered a 25% discount on their base 3% fee for incentives distributed between $2.5m-$5m, a 50% discount on incentives distributed between $5m-$10m, and a 75% discount on all incentives above $10m in a 365-day period. The Accountability Committee will be responsible for ensuring that the DAO attains properly discounted rates.
  • Example scenario: if $500k of incentives are voted in, and the Merkl take rate is 3%, then the grand total that’ll be requested from the DAO during the onchain vote will be $500k + $15k + €20k = ~536,664