Add an earn ecosystem pool for mUSDC/USDC pair that is powered by G-UNI.
G-UNI is a fungible (ERC20) wrapper around an LP Position on a Uniswap V3 trading pair. Fees earned by the position are automatically reinvested into the position by Gelato automation for compounding effects. Liquidity is added into the G-UNI Pooled Position and G-UNI tokens are minted. These G-UNI tokens have the ability to be staked into liquidity mining programs such as mStable’s ecosystem pool program to earn MTA.
G-UNI mUSDC/USDC will be a fixed range position that does not change. At first, the pool will be managed by the Gelato multisig but will be handed off to the mStable team shortly after.
Example G-UNI mUSDC/USDC specs
Fee Tier: 0.05%
Position Lower Bound: 1 mUSDC = 0.9901 USDC (tick = -100)
Position Upper Bound: 1 mUSDC = 1.0101 USDC (tick = 100)
The G-UNI user-experience is simple and intuitive. It essentially turns Uniswap v3 into v2 again from a user perspective. No need to actively manage positions, just “set and forget”. Also, liquidity is aggregated from a wider pool of users who would otherwise not use Uniswap v3, increasing the size of it overall. Furthermore G-UNI helps boost FOX’s Uniswap v3 oracle standing and accuracy making it more attractive in being added to DeFi lending protocols in the future.
G-UNI is a third party service and although there is always a risk of smart contract failure, hacks, etc, G-UNI has been audited multiple times including by Certik and has been battle-tested on mainnet for months now.
We welcome any feedback you may have! The Gelato team will be here to help every step of the way in the onboarding process. Thank you again for the opportunity to present my proposal to the forum.