Ignas | DeFi
Ignas | DeFi|Mar 05, 2025 16:08
Worried that Uniswap rugs itself by incentivizing LPs to migrate from Ethereum/L2s to Unichain. The DAO votes to allocate $21m to attract TVL to Unichain. However, most of this money will likely come from LPs already on Uniswap's DEX. In effect, Uniswap is pressuring its users to leave Ethereum. Incentivizing TVL on Unichain -> LPs migrating from Ethereum and L2s -> decreased market share on ETH/L2s -> Competitors on Ethereum emerge Moreover, Unichain worsens liquidity fragmentation for all. Was launching Unichain truly a smart decision? Maybe Uniswap Labs should have consulted the DAO before secretly launching their own L2.
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