With Unichain mainnet on the horizon, the Uniswap Foundation is excited to share more on how Unichain chain revenue will grow DeFi.
Driving decentralization and impact
Upon its launch, the Unichain Validation Network (UVN) is designed to advance Unichain’s decentralization and enable faster finality. The UVN is composed of a network of full nodes that will monitor and verify blocks the sequencer posts to mainnet. The validators which run these nodes, as well as their stakers, will be compensated in return for their efforts. Specifically, 65% of Unichain net chain revenue will be earned by UVN validators and stakers for their work in securing the network.
A look at the road ahead
In the next few months, an initial test version of the UVN will go live on the Unichain Experimental testnet for stability and performance testing. After testing has completed, the UVN will go live. At this point, 65% of Unichain net chain revenue will be earned by UVN validators and stakers for their work.
In the interim, as the validator network develops and the UVN is tested, the UF will direct this chain revenue to support Unichain growth efforts through a Unichain Growth Reserve. The UF will allocate these funds, net of applicable taxes, towards accelerating developer growth and subsidizing onchain activity.
If you’re interested in becoming a validator for the UVN, reach out here. We will send more on how we plan to support you over the next few weeks and months.
Build on Unichain
Since Unichain testnet launch, there have been 94 million test transactions and over 13.3 million test contracts deployed on the network. If you’re looking to get started, you can access a full suite of resources through the Unichain Builder Toolkit, and apply for Unichain Developer Grants. Unichain belongs to you: the DeFi community.
Get Started
As a condition to Unichain’s inclusion in the Superchain, the Optimism Collective will receive the greater of (i) 2.5% of Unichain’s gross chain revenue and (ii) 15% of Unichain’s net chain revenue (i.e., gross chain revenue minus L1 gas fees). The sequencer operator (currently Uniswap Labs) will receive any chain revenue not allocated to the Optimism Collective, the Unichain Growth Reserve, or the UVN as described above (i.e., the sequencer operator will receive approximately 20% of net chain revenue).
Reporting on Unichain Growth Reserve inflow and expenditure will be provided in the Uniswap Foundation’s regular Quarterly Reports, and posted to the Uniswap Governance Forum.