Dear Uniswap community,

A few weeks ago we (Blockchain at Michigan in partnership with the Celo Foundation and the Celo Climate Collective) submitted a proposal to deploy Uniswap V3 on Celo to launch “Green Asset” Liquidity Pools and expand access to Uniswap to the 6B smartphone users around the world.

We initiated the Temperature Check and Consensus Check on Snapshot, where the proposal received strong support from the Uniswap community (~100%) voted yes for the proposal. Before putting forth the formal on-chain governance proposal, we wanted to ensure we worked closely with Uniswap Labs and the Uniswap community to put forth clear documentation on the cross-chain governance bridging. We believe this proposal is a first step in a long and fruitful collaboration between the Celo and Uniswap communities—a journey we are particularly excited to embark on.

We’re excited to initiate the formal governance proposal. We’d love to receive your support in this proposal. The proposal discussion can be found here

Description

In partnership with the Celo Foundation and the Celo Climate Collective, we propose to authorize the deployment of the Uniswap protocol to Celo on behalf of the community.

Celo is a mobile-first, carbon-negative, EVM-compatible blockchain. Specifically, we propose launching Uniswap on the Celo platform to:

• Increase Uniswap’s presence through $10M in financial incentives to Uniswap users, as well as additional grant funding provided by the Celo Foundation to utilize Uniswap as a financial building block
• Bring Uniswap V3’s increased capital efficiency to the 6B smartphone users around the world
• Create green asset liquidity pools with natural capital backed assets such as tokenized carbon credits (e.g. MCO2, TCO2, and GNT) and future nature backed assets issued on Celo like land and forests
• Use Uniswap as a decentralized mechanism to rebalance the Celo Reserve with nature backed assets rather than relying on centralized exchanges
• Foster pathways for future green use cases on Uniswap

Overall, we believe the Uniswap community’s mission of creating a trustless and decentralized financial infrastructure accessible to anyone aligns with Celo’s vision of tackling climate change and achieving prosperity for all. The full proposal including information on incentives and governance bridging can be found here