The Uni-verse is expanding: Enter v4
The Tally Newsletter, Issue 102
Welcome back to the Tally Newsletter, your weekly source for DAO governance insights. I'm coolhorsegirl and I’m so happy to be here. 🟣
This week, we’re talking Uniswap v4! Uniswap is already a $1.5 trillion behemoth, and they’re just getting started. Hayden Adams recently spilled the beans on this mega upgrade, and we're here to unpack it all.
For proposals, we have a number from Nouns DAO from a YouTube kids’ channel to the Verbs team extension. And don’t forget to vote on those Arbitrum proposals that went up just before last week—you’ve got less than a week left. Well, let’s get into it 👇
🤿 Deep Dive: The Uni-verse is expanding: Enter v4
Last week, Uniswap Founder Hayden Adams dropped “Our Vision for v4.” Staying true to the “building in public” ethos we love so much in crypto, the draft code is out too. New features include limit orders, auto-compounding, dynamic fees, and TWAMM—lots of stuff to be excited about. Let’s break it down.
Uniswap v4 is all about giving you the power to tweak and tailor your pools like never before. The not-so-secret ingredient? "Hooks." These are customizable contracts that work their magic at different stages of a pool action's lifecycle. Devs, get ready to flex your creativity and build your ~own~ AMM pools with these bad boys. With v4, you could have pools supporting dynamic fees, onchain limit orders, or acting as a TWAMM to spread out those chunky orders.
So what's on the horizon for v4? It's a smorgasbord. We're talking time-weighted average market makers, dynamic fees based on volatility, onchain limit orders, and even auto-compounding LP fees back into the LP positions. The sky's the limit and Uniswap v4 is giving you the rocket to reach it.
And let's not forget efficiency. v4 uses singleton contract architecture, packing all pools into one contract. This means serious gas savings and lightning-fast efficiency. Plus, with the new "flash accounting" system, it's all about net balances. Oh, and did I mention the return of native ETH support? More gas savings, baby!
Last but not least, Uniswap v4 keeps it onchain (we love to see it) with community-driven governance, so you can still have your say. What’s up with the protocol fee, you might ask? It's still up to you to vote on that, just like in v3.
And let’s not forget, Uniswap is big news. As the largest DEX with $1.5 trillion in trading volume, they’ve made it. What they deliver next is just the cherry on top. Get keen!
⌛️ On-chain Proposals
On-chain DAOs are decentralized autonomous organizations that operate entirely on the blockchain, using smart contracts and other blockchain-based technologies for its operations and decision-making processes. Tally believes that true DAOs operate on-chain.
🟡 NounsDAO
Nounish Animations for Kids on YouTube Channel
Summary: 60k to create a library of 15 Nounish animated videos for kids. Overall goal is to build an audience of children and parents who are interested in Nouns. After 15 videos, the channel aims for self-sustainability.
Voting ends: June 24th
Verbs Team Six Month Extension
Summary: 450k USDC plus 18 ETH (same budget as the previous term) to grind the proliferation of Nouns, including Nouns Governor, collabs, and rank-choice proposals. Big success in the previous term was designing, testing, and auditing Nouns Fork.
Voting ends: June 25th
Summary: 88.6815 ETH to enable the production and delivery of a limited edition NFT Yearbook featuring a unique NOUNS DAO cover, both in digital and physical formats and placing an additional 100 NOUNS NFT Yearbooks in strategic locations around the world.
Voting ends: June 25th
💙 Arbitrum
[UPDATED] AIP-1.1 - Lockup, Budget, Transparency
Summary: A 3-prong deal regarding the 7.5% of the $ARB tokens distributed to the Foundation’s “Administrative Budget Wallet”. The Administrative Budget Wallet will be used in pursuit of the Foundation’s mission statement.
Voting ends: June 25th
AIP-1.2 - Foundation and DAO Governance
Summary: ArbitrumDAO is ready for a spring clean, proposing amendments to sweep references to AIP-1 out of the Constitution, Bylaws, and A&R M&A while sprucing up with community-suggested changes. From lowering the threshold for an AIP to be posted on-chain to clarifying the realm of the Administrative Budget Wallet, it's all about making the governance house tidier and more user-friendly.
Voting ends: June 24th
📝 10 Things To Read or Listen To
📄 “The Three Transitions” by Vitalik Buterin
📄 “Toward Equitable Ownership and Governance in the Digital Public Sphere” by Sarah Hubbard, Connor Spelliscy, Nathan Schneider, and Samuel Vance-Law
📄 “Off the Clock: Governing in Nonlinear Time” by Nathan Schneider
📄 “There are so many blockchains. And that’s totally OK, says Catalyst’s Chang” by Darren Kleine
🧵 “some unpopular opinions on the blockchain space” from Nadir Dabit
🎧 “Where on-chain governance meets claimables” from Earnifi
🎧 “Why DAOs (and crypto) need a Policy Platform more than ever, with Nathan Schneider” on The Ownership Economy
🎧 “Freedom through interoperability w/ Jimmy Chang” on On the Other Side
🎧 “AI DAO Simulator w. James Pollack” on GreenPill
🎥 Documentary on the 200M Eueler Hack from Junion
💫 DAO Talk: the regulation DAOnload || DT weekly ep. 43
🤭 Meme of the Week
Stop missing your governance votes! Tally is live on Earni.fi! You can now see if and when you are eligible for active DAO proposals while on Earnifi.
And catch Tally on ENS Interviews on Twitter Spaces this Wednesday, the 21st (set your reminder here)!
~ coolhorsegirl 🐴
p.s.- ETHCC is less than a month away! Until then, chilling on the beach in Thailand.
