Hello, hope you are well during these dark times, my thoughts are with those defending their freedoms around the world
Metrics
For week 8 & 9 (percentage change given against previous 2 weeks)
UNI price closed at $8.65 (-7.68%)
v3 volume on mainnet $25.54 billion (+18.4%)
v3 volume on polygon $1.3 billion (+4%)
mainnet LPs earned $30.9 million in fees (+1.3%)
polygon LPs earned $961k $1.1 million in fees (-12%)
Governance
Temperature check to fund Nomic Foundation (team behind the hardhat, popular smart contract development tooling) to get $5 million worth of UNI to further empower Ethereum developers, their goal is to secure a total of $30 millions, they are already backed by EF, Vitalik and others in space, the vote has passed with (100%) 2.5m UNI votes FOR
Nomic Foundation proposal is now in active at consensus check stage, where you can go and vote. Too find out more about, visit the governance post
Active onchain vote #11 to grant Voltz team with v3 Additional Use Grant with ~63 million UNI voting FOR and almost none against, meaning that it will most likely succeed, thus enabling Voltz team to user v3 for their product. P.S it seems some bot farm have identified onchain voting as a potential eligibility for an airdrop, well that is the only reason I can think of for all the votes
Updates
Uniswap Labs have created a donate interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction
Unigrants Community Analytics bounty winners and memorable submissions have been published
Revert finance have build a what it seems a very interesting product, the Initiator – it aims to provide an accurate measure of the amount of fees you would capture with any position based on a specific set of parameters, along with any loss incurred by price divergence and to show volume and liquidity trends for the explored asset pairs
Euler finance have promoted UNI to collateral collateral tier. Meaning an increase of UNI collateral factor to 0.66, an increase of UNI borrow factor to 0.76 and it enabled cross borrowing
Optimism newest upgrade should further lower the transaction fees, you can also check what are the current leaders and how does the L2 fees game look right now at l2fees.info
Content
Gamma transforms: How to hedge squeeth using Uni v3 article by Guillaume Lambert describes how to use v3 to perfectly hedge a squeeth, options, or any positive convexity instrument over an arbitrary range
DEF have published second edition of their DeFi policy series, where they’re looking at some of the specifics related to law enforcement tactics and sanctions compliance within the DeFi
Events
Community Call #22 will be held on Wednesday February 23rd 16:00 EST on discord with an agenda of discussing Nomic Foundation funding proposal and DeFiEdge team
Uniswap Labs office hours happens on their twitter space every Thursday at 1 pm EST
Round 2 of the Unigrants Community Analytics program bounties is now live! Two new bounties are now open for community contribution with prizes of values up to $1500. Submit yours by 11th of March
Project #14
As a Russian, I am a bit lost, as current situation when my country is unjustly waging war on an independent Ukraine, I feel and understand the need to support Ukraine financially to help their people obtain not just common goods and humanitarian aid, but weapons to defend their sovereignty, but myself I can only willingly donate to those organisations that help Ukrainians without the latter, as it would literally mean that im supporting javelins burning my fellow countrymen, many of whom have been brainwashed or unwillingly thrown into a war on behalf of what it seems a very delusional set of goals and interests. All I hope is that this dumb war (cold war thinking of spheres of interests) would vanish as it is not just Ukrainians, whom are victims, but Belarusians, Georgians, Chechens, Russians and many other peoples of various ethnics, nationalities, beliefs, thoughts and so on across not just the decaying soviet empire, but elsewhere in the world and we could collaboratively build prosperous future and tackle real world problems of climate change, inequality and more.
P.S if you want to help Russians to fight for their freedoms at our home, I’ve compiled a small list of organisations whom help defend human rights
Uniletters twitter,
Much love & peace ✌️ @wijuwiju