Yep, it is already 6th week of the ‘22, but in crypto time does not adhere to usual human perception of it, for what I know we could into it couple of dozens of lifespans for multimillion NFT project. But I can be sure that flippers be flipping, observers observe, haters hate, buidlers buidl. Oh, btw Uniswap is now the largest DEX by volume on Polygon PoS :) and it took it 6 weeks to become number one. Now it does around half a billion in volume in dollar bills on weekly basis
Metrics
With help from dune wizard Roman Zinovyev I’ll try to introduce some (in future hopefully easier to visually grasp) metrics to show key dynamics of protocol and community at the start, really appreciate the help. P.S if UGP or its stable or analytics subsidiary want to retrospectively fund the guy I can sent you his wallet.
For week 4 & 5 (percentage change given against previous 2 weeks)
UNI price closed at $11.25 (+1.4%)
v3 volume on mainnet $25.15 billion (-10%)
v3 volume on polygon $1 billion (+3%)
mainnet LPs earned $32.2 million in fees (-35%) v3 mainnet
polygon LPs earned $1.07 million (+0.04%)
Will try to introduce L2 data in next iteration, also DM if you have some nice ideas for metrics
Governance
Consensus check to grant Voltz team v3 license permission for a 1% is now live on snapshot
Another proposal discussions has started to provide additional grant use, this time for an AMM build by Hermes DeFi team on a Harmony L1, in return for 10% of tokens vested over a year. Super interested how this plays out
I’ve started a proposal discussion to adopt 🦄 on UNICODE, imho might turn out into something pretty cool
Updates
Personally one thing got me very exited is whitelist launch of DeFiEdge Protocol, that is a decentralised, permission-less and non-custodial asset management protocol built for v3, tldr it means that anyone can now turn their LP range skills into a professional fund, be your own strategy manager and earn fees from performance & management fees. It is already deployed on mainnet and polygon, with limited access to public, but anyone can submit the form to start using it, don’t forget to DYOR.
New dune analytics dashboard for v3 by KARDOD
Gamma’s published immediate roadmap — audits, strategies, new liquidity venues and market making
Content
Uniswap v3 TWAP oracles 101 workshop by Omer Goldberg of Chaos Labs
Another awesome office hours recording by the Connor Martin from Labs, this time discussing LPing and delta neutral positions with Guillaume Lambert
Also Guillaume posted flow charts to help beginners deployment and manage capital on v3
Twitter thread on Opyn’s crab strategy by Amethyst² breaking down some of its risks and profitability
Twitter space AMA recording discussing Hermes DeFi, Uniswap, and Harmony v3 license application
Grants
UGP have launched community analytics program. If you are a data lover with a passion for unicorns? Do you know SQL, GraphQL, etc., and are you obsessed with Defi? Do you love to tell a story using numbers and charts? Then step right up and join the Unigrants Community Analytics program’s bounties competition!
DEF have launched weekly roundup newsletter, first edition is already out with a twitter tldr thread
Area Technology have published heraldic shield generator NFT product as what it seems a spinoff from their initial grant, that they have received to build identity for the UGP and its grantees. They’ve have donated 400 of them back to the UGP, so if you are one of the grantees you should be eligible to claim one, probably best to reach out to UGPs twitter
Events
Community Call #20 will be held today, Wednesday February 9th 16:00 EST on discord discussing governance refactor and general Q&A
Edition #12 Project
I’ve discovered this support feature on github the other day, there are tonne of builders maintaining core libraries enabling and significantly making it easier to build web3. I’ve just drop whom i’ve already stated sponsoring but please free to research the field further and do DM me if i’ve missed someone
Our twitter,
Much love @wijuwiju