GIP-42: Should $10M in GNO be used to foster the usage of Uniswap v3 on Gnosis Chain?

GIP-42: Should $10M in GNO be used to foster the usage of Uniswap v3 on Gnosis Chain?

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GIP:42
title:Should $10M in GNO be used to foster the usage of Uniswap v3 on Gnosis Chain?
author:Stefan George
type:Funding
created: 2022-05-05) 

The proposal to deploy Uniswap v3 on Gnosis Chain opens for voting on May 7 and ends on May 13, 2022.

https://app.uniswap.org/#/vote/2/17?chain=mainnet

A large directive for the Gnosis Chain is to increase the user base and on-chain activity by strategically allocating funds from the GnosisDAO treasury to promote adoption. An ecosystem fund has been created for this purpose, and we propose to use a portion of these funds to promote Uniswap v3 on Gnosis Chain. We propose providing up to $10M to incentivize the adoption of Uniswap v3 on Gnosis Chain.

Details for incentivized Adoption of Uniswap v3

The $10M will be provided in GNO to foster the usage of Uniswap v3 on Gnosis Chain. The incentives should be designed together with other projects, which are operating on top of Uniswap v3 such as Perpetual Protocol, Gelato, or Stakewise. This should allow for more sustainable utilization of Uniswap as Gnosis Chain doesn’t have a team dedicated to Uniswap v3. The GNO can be used to incentivize liquidity but should not be limited to this use case. Anything increasing usage of Uniswap v3, including building new applications on top of Uniswap v3 should be supported. The goal is to spend the $10M in the time period of 2 years. Funds not used after two years would go back to GnosisDAO. The spending is limited to $10M and the transferred amount of GNO as part of the proposal. GnosisDAO can decide to top up this amount based on the outcome of this initiative.

3 Likes

I understand this proposal is not limited to incentivizing liquidity, as there are some protocols that are built on top of UniswapV3 that we would like to bring to Gnosis Chain.

But I’m particularly interested in what kinds of liquidity goals we have in mind in this proposal, as we from TickDAO might be able to help!

We’ve been running a market maker for CowSwap on the mainnet that generated 8MM in volume in the ETH/USDC pair, and we are discussing a closer integration with their team on a settlement improver architecture. So we may be able to help Gnosis Chain achieve some strategically important liquidity goals, especially for major CEX-listed tokens. :slight_smile:

4 Likes