UNI Incentives
Understanding UNI Incentives on Oku
Uniswap v3 is constantly expanding to new chains, ensuring that users across various ecosystems can access the protocol. To jumpstart activity on these new chains, the Uniswap DAO offers UNI incentives to encourage liquidity provision and boost early participation. If you're using Oku, the primary frontend for Uniswap v3 on emerging chains, you're in the perfect position to take advantage of these rewards.
How UNI Incentives Work
When Uniswap launches on a new chain, the Uniswap DAO often allocates a portion of UNI tokens as liquidity incentives. These incentives can range from $250k-$1m per chain and are often distributed over three months. They're designed to reward users who provide liquidity to specific pools on the new chain, helping to create deep and active markets. The goal is to attract liquidity providers (LPs) early on, giving the chain a strong start and encouraging trading activity. Some rewards are offered retroactively to existing deployments.
Deploying Your Position with Oku
As a user of Oku, you're already leveraging the most efficient way to interact with Uniswap v3 on these new chains. By deploying your liquidity positions directly through Oku, you can easily participate in eligible pools that offer UNI incentives. This means that when you're choosing a pool on Oku, you can target those that have been identified by the DAO as offering rewards, maximizing your earning potential while supporting the new chain's growth.
Claiming Your UNI Rewards
Once you've deployed your liquidity, the next step is to claim your UNI incentives. After deploying the position on Oku, within 6 hours you'll be able to claim your rewards on the Merkl dashboard. Merkl monitors contract activity to issue incentives so you can deploy the position on Oku and hold the NFT in your wallet without needing to "stake" or interact with Uniswap v3 through Merkl.
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