Author: IGNAS
Compiled by: Tim, Panews
The Uniswap Foundation voted to pass a huge investment plan of $165.5 million. Why? ,Why?
Because the performance of Uniswap v4 and Unichain after the release is far from market expectations.
In more than a month:
Uni V4's total lock value (TVL) is only $85 million
Unichain's TVL is only $8.2 million
To promote growth, the unistwap Foundation proposes allocation of 1.655::
$95.4 million is used for funding (developer project, core contributor, validator);
$25.1 million is used for operations (team expansion, governance tool development);
$45 million is used for liquidity incentives.
As you can see, uni v4 dex is a liquidity platform, and hooks are the application built on it.
Hook should promote the ecological growth of uni v4, so this process needs to be accelerated through funding programs. , therefore, this process needs to be accelerated through funding programs.
Detailed allocation instructions for funding budget:
The $45 million liquidity provider (lp) incentive will be used for:
$24 million (subsidized in 6 months): to incentivize liquidity to move from other platforms to uni v4;
$21 million (3 months of distribution): Promotes Unichain (TVL) from currently $8.2 million to $750 million.
By comparison, airports cast lp (LP) incentives worth about $40 million to $50 million per month.
The proposal has passed the temperature check phase, but it still faces some criticism:
As the industrial landscape changes, Aave proposes to repurchase $1 million in aave tokens every week, and manufacturers plan to repurchase $30 million per month, but uni holders are like they are about to be squeezed out of value. "The value of their tokens has never been captured." The value of their tokens has never been captured.
UNI tokens have not enabled the fee sharing mechanism, and UNISWAP LABS has earned $171 million through front-end fees in two years.
The key to the entire system lies in the organizational structure design of uniswap:
UNISWAP LABS: Focus on protocol technology development;
UNISWAP Foundation: Promote ecological growth, governance and funding plans (such as funding grants, liquidity incentives).
What a smart legal team.
Aave and manufacturers have established a closer interest binding relationship with token holders, and I don't understand why Uniswap's front-end fees cannot be shared with Uniswap.
In short, other criticisms mainly focus on three aspects: high salaries of core teams, gauntlets are responsible for liquidity incentive execution, and establishing new centralized dao (dao duna).
As a representative of uniswap's small governance, I voted in favor of this proposal.
However, I am a huge fan of Uniswap and highly recognize that it has grown in defi uni v4 v4 and unichain which requires the introduction of incentives to promote development. , They need to introduce incentives to promote development.
The next uni voting should focus on the value capture mechanism of uni tokens.
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