LP Incentives on Base: Uniswap + Gamma

Incentives should be provided on Base soon to avoid a cold-start scenario, where substantial liquidity for the new UP token is not reached quickly, which leads to a lack of motivation for new lps. Gamma is a trusted tool with a long track-record. I recommend using Gamma rather than the proposed Ichi single-sided liquidity, in order to keep things simple.

• DEX Selection: Uniswap
• Tool Recommendation: Gamma.xyz, wide position
• Proposal and Timeline: Begin incentives on Monday, October 14th.

Start with $8k per month for an initial period of 2 months. Given the current mainnet price for UDT is $7.20, at 1000 UP / 1 UDT ratio, the initial price of UP would be $0.0072

$8,000 / $0.0072 = 1,111,111 UP rewards per month For a total of 2,222,222 UP (0.22% of supply)

Other considerations: The bridge and swap app https://up-swap.unlock-protocol.com/ should be updated to recommend adding liquidity to earn rewards. Instructions should be clear that liquidity should be added using the Gamma app in order to receive rewards.

See discord thread for discussion