@Uniswap approved extending protocol fees and
$UNI burns to
@arc,
@circle's Layer 1 live since September 16th, and rotating
@gauntlet_xyz's emergency keys on the DAO-owned
@Morpho vaults behind Uniswap Earn.
Arc would be the twelfth chain beyond Ethereum mainnet with fees on. Searchers claim Arc fees by paying a bridged, synthetic UNI, which is burned and matched by a burn of canonical UNI on Ethereum through
@wormhole's bridge.
Registering a chain with that bridge was permissionless on Polygon and BNB Chain, but not anymore. "Those contracts now exist and are governance owned, so registering a new chain against them requires an onchain vote," Uniswap Labs wrote.
L2BEAT voted For, citing its support for earlier fee expansions, and plans to have its research team review the final executable at the onchain stage.
The second vote swaps three Sentinel addresses after Gauntlet upgraded its signing setup. A Sentinel is an emergency brake that can lower caps or undo a pending curator action, but cannot drain a vault. Depositors don't need to act.
382 wallets cast 20.2M UNI on Arc: 100.0% For, quorum cleared at 202.2%. An onchain vote follows.
383 wallets cast 18.2M UNI on the Sentinel rotation: 100.0% For, quorum cleared at 182.2%. Timelock execution is expected in early October.
Proposals:
snapshot.box/#/s:uniswapgove…