Motivation
Redacted has a long and close relationship with Bunni and Timeless. Because of this close relationship, we want to have Bunni and Uni v3 as one of our primary venues for crucial pxETH liquidity. An LST is only as good as it’s peg. Therefore for pxETH to be successful, significant liquidity is required. With a gauge, Redacted plans to use bribes to direct emissions to the gauge and incentivize crucial pxETH liquidity on Uni v3, allowing for higher volumes in the LP and also generating fees for veLIT holders.