Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk
This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem
Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading
UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!
This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted
This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value
At a high level, the proposal:
1. Turns on protocol fees and uses them to burn UNI
2. Sends @unichain sequencer fees to the UNI burn
3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch
4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol
5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources
6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests
^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol
7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury
8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position
I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth
@Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top
I'm so grateful to the community that has made this all possible, and excited for what's next
🦄
Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni.
The recent exploit has forced Bunni's growth to a halt, and in order to securely relaunch we'd need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don't have. It'd also take months of development & BD effort just to get Bunni back to where it was before the exploit, which we cannot afford. Thus, we have decided it's best to shut down Bunni.
Here's what will happen:
- Bunni users will still be able to withdraw assets via the Bunni website until further notice.
- We intend to distribute the remaining treasury assets to BUNNI, LIT, and veBUNNI holders based on a snapshot. However, the validation of the legal process is ongoing, and the exact details of the distribution will be shared at a later date once the legal process is finalized. Team members will be excluded from the snapshot.
- The Bunni v2 smart contracts have been relicensed from BUSL to MIT, enabling everyone to utilize our innovations such as LDFs, surge fees, and autonomous rebalancing. We have pushed the AMM space forward by a generation, and it would be a shame if our efforts went to waste.
- We will continue working with law enforcement to recover the stolen funds from the exploiter.
Thank you to everyone who has supported us throughout our journey to push DeFi forward.
Introducing Hook Atlas 🌐
A curated source of production examples, integration ideas, & opportunities.
It’s a public resource for anyone exploring the world of Uniswap v4 hooks.
See what’s live, what’s possible, and who’s building it.
Flaunch Groups are LIVE!
Any token on @Base be imported to Flaunch, creating an onchain economy where users can share in the upside.
Your token is just the beginning.
@agaperste@Uniswap@UniswapFND@AtriumAcademy Looks like smth related to memes based on single liquidity pool on base & ethereum
However hook on arbitrum has eth/usdc sol/usdc
Don't know anything about them