[Temp Check] Onboard Uniswap to Redstone

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

start

May 13, 2024

9:51 AM

end

May 18, 2024

9:48 AM

Voting

off-chain

Voting type

single-choice

Voters

491

Votes

34,934,936

Final Votes

closed

Incentivize $250k

3K UNI

0.01%

Incentivize $500k

67 UNI

Incentivize $750k

50.7 UNI

Incentivize $1M

200.9 UNI

Deploy without incentives

34.9M UNI

99.99%

Veto this deployment altogether

7 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%