Summary
0xPlasma Labs propose to deploy the fork of Uniswap v3 to Gnosis Chain and build a separate Gnosis AMM v3 UI, aiming to provide the most advanced DEX for Traders and Protocols on Gnosis Chain.
Abstract
The initial proposal to implement Uniswap v3 on the Gnosis Chain, which received community approval in April 2022, has unfortunately encountered some unexpected issues, particularly regarding bridge infrastructure. Let’s delve into the historical context of this original proposal:
Temperature Check Snapshot: Snapshot
Given the indefinite standstill of the present proposal and its execution, we suggest proceeding with an alternative course of action: establishing Gnosis Chain’s own Automated Market Maker (AMM) featuring concentrated liquidity.
Motivation
The DeFi protocols currently active on the Gnosis Chain require a more capital-efficient DEX with concentrated liquidity. In light of the expiration of the Uniswap v3 license, our team proposes to undertake the full responsibility of deploying, integrating, and developing a new DEX. This initiative aims to offer the Gnosis community, associated protocols, and traders access to the state-of-the-art Automated Market Maker v3. To further optimize user experience, we plan to create a distinct user interface specifically for the Gnosis Chain, which will be hosted on a separate domain.
About 0xPlasma Labs
0xPlasma Labs has built a notable reputation in the DeFi landscape, credited for the multitude of protocols it has designed and subsequently incorporated into the Plasma.Finance platform. 0xPlasma Labs is a team focused on creating a universal platform to unite robust market protocols and provide easy access to services and assets on all EVM blockchains. Plasma.Finance is designed to simplify the DeFi market and supports 8 chains with the ambitious goal of attracting 1 billion users to the world of decentralized finance.
Proposal Implementation Plan:
-
Phase 1 (Approximately 2-3 weeks): The initial phase will focus on the deployment of Uniswap v3 contracts and the development of associated subgraphs.
-
Phase 2 (Approximately 1-2 months): The second phase will concentrate on adopting the original Uniswap UI (swap, liquidity, info, analytics) to Gnosis Chain. This stage will also encompass integration with DeFiLlama analytics to ensure transparent and comprehensive tracking of the DEX’s performance, enabling better user decision-making.
-
Phase 3 (Approximately 12 months): The final phase will be dedicated to the consistent support and maintenance of the platform, ensuring its robust operation and efficiency. During this period, a concerted effort will be made towards marketing activities, aiming to increase awareness of the platform and attract substantial liquidity. This phase ensures the platform’s relevance, competitiveness, and ability to effectively serve the Gnosis community.
Funding Requested
In order to facilitate the execution of this initiative, we are seeking a grant amounting to $150,000 in GNO tokens from the treasury. These funds will be allocated towards contracts deployment, the development and ongoing maintenance of the new DEX platform, ensuring its smooth operation over the forthcoming 12 months.
We extend an invitation to the Gnosis community to engage in a robust discussion concerning this proposal. We encourage your input on the proposal’s deliverables, as well as the best possible methods for its swift and efficient execution. Your involvement and collaboration are paramount in shaping the trajectory and success of this initiative.
Looking forward,
0xPlasma Labs
Twitter: https://twitter.com/0xPlasma
TG: Telegram: Contact @ilia_0x