Intro
UNI Letters is community run bi-weekly newsletter backed by the UGP subcommittee The Stable. It is envisioned as a digest of the most relevant updates from the Uniswap ecosystem. This includes governance discussions, proposals, product and UGP grantee updates and more.
Governance
Upgrade Governance Contract to Compound's Governor Bravo proposal has passed unanimously with 63 million UNI for and thus executed on chain, which introduces native upgradability, ability to attach voting text string, formally abstain from voting, and more. Later there was minor issue discovered that would made first 8 votes ineffective, which was imminently resolved by making 8 dummy votes.
“The 7 days voting period is likely not sufficient time for thorough security reviews.” – @haydenzadams
Uniswap Liquidity Program v0.1 proposal to introduce framework for liquidity incentivisation program on top of v3 was canceled by the proposing team, but nevertheless it generated at lot of valid concerts, ideas and discussions surrounding using incentivisation and its mechanics, that could be helpful for any future liquidity mining programs proposals.
Support Stable UNI consensus check is currently live on snapshot, checkout the initial temperature check discussions and ICHI team’s introduction post who are behind the $oneUNI stable coin, the proposal is to deposit 998,788 $UNI to the $oneUNI community treasury as a loan to lower the minting ratio from 98% $USDC and 2% $UNI to $80% USDC and 20% UNI.
Updates
Uniswap contracts have been deployed on Arbitrum (a L2 scaling solution based on an optimistic rollups) which brings instant confirmation, lower gas fees and inherits L1 security, its is currently in alpha, to find more out more read this twitter thread
Index coop are one of the first ones to start a v3 liquidity mining program for DPI-ETH 0.3% pair which uses the uniswap-v3-staking contracts, the announcement
DEF (DeFi Educational Fund) has announced first wave of their grant recipients, which included a mix of organisations and individuals working to advance policymakers’ understanding of the DeFi ecosystem, read more
For our beloved and careful readers, you can claim genesis edition POAP ⭐️ just DM us on twitter and we will send you the link!
On 1st of September Uniswap on Optimism has set a record daily trading volume of $6.9 million
UGP & Grantees
UGP have sponsored Gitcoin’s grants round 11 with a $50k matching pool, for those project that support and/or advice Uniswap protocol and its community, find more
Valve finance (previously SimpleID) have published their findings on Uniswap’s v2 routing inefficiencies, clearly identifying the latter, they also identified strategies to solve and improve efficiencies in the future (i.e multi paths, which splits trades across multiple token pairs) and how it would benefit users (i.e reduce price slippages) as well as interactive playground and demos.
UIT (Uniswap Integration Tools) updated uniswap-simple-sdk with support for trade prices to accumulate for gas costs and you can also now integrate uniswap into your dapp with single line by using uniswap-dapp-integration-monorepo
DeFi Alliance have launched a gaming accelerator, applications end by 19th of September
This newsletter came out as a result of a twitter thread discussion on the need to improve communications and help community stay updated, especially with the governance, at the time when it felt like everyone in the community missed out on community enabled analytics fund discussions and proposal
Same goes for introduction of an awesome twitter governance bot build by @thanpolas, it is already live 🎉 and posts to twitter all the Uniswap snapshot activities.
If you consider doing or already work in DeFi research and advocacy in the following areas: policy-maker education, thought leadership and academic research, legal research, messaging, grassroots advocacy, and DeFi best practices. Consider applying to DEF grant
If you are building something awesome on top of Uniswap, or have ideas how to improve the protocol or help the community, also consider applying for UGP grant
Uniswap labs is also hiring
Edition #1 Project
As a mean of promoting public good in the ethereum ecosystem as whole, we would like to use this opportunity and communication channel to raise awareness on what we see a fundamental or just an awesome project that does good, thus saying our little thanks to them!
For first edition it is Hardhat, hope they don’t mind! It is a ethereum developing environment and tooling, that helps buidlers write awesome contracts! P.S if you decide to do a contribution, consider doing so in after 8 of September 2021 so that your donation will be matched by the quadratic funding matching pool
Thank you for reading!
Please, feel free to DM or tag us on twitter with any feedback or with resources for the upcoming letters
Much love @B0R444 and @wijuwiju0x