Summary
This proposal authorizes several temporary operational actions required to support the upcoming migration of INT protocol liquidity from Uniswap v3 to Uniswap v4.
On March 7, Uniswap activated protocol fees on additional chains including Base. These fees introduce a minimum 1/6 share taken from LP fees, which materially impacts INT protocol economics because the protocol is currently highly dependent on LP fee revenue.
To mitigate this, the protocol will migrate liquidity to Uniswap v4, where a custom hook can be deployed to preserve the intended fee structure.
To enable a safe and efficient transition, this proposal authorizes:
• Temporary pause of the INT lottery
• Transfer of Uniswap v3 LP positions to the operational multisig
• Transfer of 5 ETH to the operational multisig for initial v4 liquidity deployment
• Temporary assignment of ROLE_ADMIN and CONFIG_ADMIN roles to the operational multisig
These permissions will allow the multisig to execute the required migration steps without being constrained by governance delays.
Background
On March 7, Uniswap governance activated protocol fees across eight additional chains, including Base.
This change introduces a protocol-level fee that captures at least 1/6 of LP swap fees. Since the INT protocol currently relies heavily on liquidity fees, this directly reduces protocol revenue.
To maintain protocol sustainability, the DAO intends to migrate liquidity to Uniswap v4, which introduces programmable hooks and allows the protocol to maintain its intended economics.
Why Operational Multisig Is Needed
The migration process requires multiple sequential steps including:
• Liquidity withdrawal from Uniswap v3
• Deployment of Uniswap v4 liquidity infrastructure
• Deployment and configuration of updated protocol contracts
• Liquidity redeployment and initialization
Executing each of these steps through individual governance proposals would introduce significant delays, as Tally governance includes a ~5 day execution delay per proposal.
To ensure the migration can be executed safely and efficiently, operational control for this transition will temporarily be delegated to the protocol operational multisig:
0x0C02d2D320C62d4088840a459fE8862C802fbA78
Scope of This Proposal
This proposal authorizes the following actions:
1. Pause the INT Lottery
The INT lottery will be temporarily paused during the migration period to avoid operational complexity while protocol liquidity infrastructure is being updated.
The lottery will be restarted after the migration is completed.
2. Transfer Uniswap v3 LP Positions
Existing Uniswap v3 LP position NFTs will be transferred from the protocol to the operational multisig.
This enables controlled liquidity withdrawal and redeployment during the migration.
3. Provide Initial Liquidity Capital
A transfer of 5 ETH to the operational multisig will be authorized to support the initial liquidity deployment on Uniswap v4.
4. Temporary Administrative Permissions
The proposal grants the operational multisig the following roles:
• ROLE_ADMIN
• CONFIG_ADMIN
These permissions are required for deploying, initializing, and configuring updated protocol contracts during the migration.
Risk Considerations
The temporary delegation of administrative roles introduces limited risk to the protocol for several reasons:
• Most protocol funds are not held in the affected contracts
• Treasury funds are not controlled by these roles
• LP positions are already being migrated as part of this proposal
• The multisig is a trusted operational entity
After the migration is completed, the operational multisig will remove the assigned roles from itself, restoring the standard governance structure.
Expected Timeline
Migration preparation and execution are expected to take approximately:
2–3 weeks
Steps include:
- Liquidity withdrawal from Uniswap v3
- Deployment of Uniswap v4 infrastructure
- Contract deployment and configuration
- Liquidity redeployment
- Lottery restart
Proposal
This proposal requests DAO approval to:
- Temporarily pause the INT lottery
- Transfer Uniswap v3 LP positions to the operational multisig
- Transfer 5 ETH to the operational multisig for initial liquidity deployment
- Grant ROLE_ADMIN and CONFIG_ADMIN roles to the operational multisig
- Allow the multisig to remove these roles after migration is completed
