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
🦄
It was lots of hard work for us… so it can be practically no work for you!
Uniswap users can go to the Uniswap Web App or Uniswap Wallet to experience the speed
And for devs, Flashblocks are ready to integrate in minutes (just 1 line of code!)👇
https://t.co/IU6nHnqnc2
Everyone thinks blockchains are slow and can’t compete with traditional apps
But Flashblocks just made @unichain 5x faster, with block pre-confirmations in 200ms⚡️
Here's how Unichain became one of the fastest blockchains in the world, without sacrificing transparency 🧵
With Flashblocks inside TEEs, our users now enjoy:
+Better price discovery, therefore, more efficient routing
+Near-instant txn confirmations and updates in the UI
+MEV-protected transactions
And research has shown LPs on faster chains earn around 20% more than on ETH L1 too!
Uniswap v4 is here🦄
Users can LP on v4 through the Uniswap web app and swapping is rolling out over the coming days on web and wallet as liquidity migrates to v4
Live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network
AI agents buying tokenized products onchain is inevitable
Here's why:
AI agents are inevitable
They're evolving from simple automation tools to complex economic decision-makers.
AI agents transacting onchain is inevitable
Traditional payment rails restrict them from true financial engagement. Onchain, they follow rules, settle instantly, avoid fees, eliminate chargeback risks, and keep everything auditable.
Product tokenization is inevitable
Soon, AI agents will drive more commerce than humans do. This will push sellers to tokenize their products, making them easily accessible to these AI buyers. When products are tokenized, AI agents can work together on tasks and prove they own what they've bought. And as more businesses adopt standards like ERC721, we'll see a thriving ecosystem where AI agents can seamlessly buy, sell, and trade.
Crossmint makes the inevitable possible today
We are building the onchain infra to empower agents as true financial participants.
It was an honor leading our fearless engineering team who made this happen!
Can't wait for mainnet 🦄
In the meantime, if you want to start building on unichain, dive into our (pink) dev docs at https://t.co/hOynkPSvh3
At Uniswap Labs, we're focused on creating reliable, safe products that create the best experiences for our users
We're bringing that same approach to @unichain, creating a reliable chain that provides faster, cheaper, easier access to liquidity of the Superchain (and beyond)
Introducing @unichain — a new L2 designed for DeFi ✨
Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network
Built to be the home for liquidity across chains
When I first dove into crypto, I could sense that democratizing financial products was the end goal, but the path to get there was unclear to me
By innovating at the chain level, Unichain is doing its part in making the roadmap clearer and our dream more attainable 🫡
Say hello to the most expansive Limit Order offering in DeFi
Buy and sell any token at your price, on your terms, without having to watch the market
Now LIVE in the Uniswap web app 🦄
In 1994, Jeff Bezos famously spotted a stat that made him leave his high-paying PE job to start Amazon:
💡 The Internet was growing 2300% per year.
What are the generation-defining stats of today?
I'll post a few to kick things off...
Bigotry is just grouping people together with dehumanizing stereotypes. And it comes in more forms than racial or ethnic.
"Lefty commies"
"Tech bros"
"Artsy queers"
"Rightwing loons"
"Snowflakes"
"Moron anti-vaxxers"
Bigotry never feels like bigotry when you're doing it.