Summary:
This proposal requests approval to temporarily pause the INT lottery and transfer existing Uniswap v3 LP positions to the protocol treasury in preparation for a migration to Uniswap v4 liquidity infrastructure.
Background:
On March 7, Uniswap activated protocol fees on additional chains including Base, introducing a minimum 1/6 fee share taken from LP fees. Since the INT protocol currently depends heavily on LP fee generation, this change materially reduces protocol revenue.
To mitigate this impact, the protocol plans to migrate liquidity from Uniswap v3 to Uniswap v4, where a custom hook can be deployed to preserve full LP fee capture.
Because this migration requires new infrastructure deployment and careful liquidity handling, the lottery will be paused during the transition.
Proposal:
This proposal therefore authorizes:
• Temporary pause of the INT lottery (by removing TradeFeeCalback and setting next lotto draw ~100 years in the future). Full removal of RewardDistributor's access roles and config will be performed later with updated contracts deployment.
• Transfer of existing Uniswap v3 LP positions to protocol treasury for controlled migration.
Additional governance proposals will follow to approve:
• Deployment of liquidity on Uniswap v4
• Initialization and configuration of updated protocol contracts
Expected transition time: approximately 2–3 weeks.