We are pleased to provide an update on the $379,000 Innovation grant committed to Panoptic in July 2024. The grant supported the development of gRHO, a liquidity interface for Uniswap v4 passive liquidity provisioning. The interface will be made open source and forkable in Q2 2025.

The objective of the Uniswap Foundation’s Innovation vertical is to fund grants to make the Uniswap protocol more accessible to everyone in the community. Based on user feedback expressing interest in more passive LP options, we allocated a grant to Panoptic in July 2024 to develop the gRHO platform. We are excited to report that the gRHO platform has successfully launched on Uniswap v4, delivering on key grant deliverables and introducing supporting liquidity providers in the Uniswap community. The new interface intends to expand Uniswap v4's capabilities by introducing additional ways to participate in liquidity provision, enabling users to earn yield passively by making their liquidity available for more active LPs.Learn more from Panoptic’s announcement here.

Enhanced Accessibility for Passive LPs

The gRHO interface aims to simplify the liquidity provision process on Uniswap v4 by eliminating the need for price range selection and manual rebalancing, enabling single-sided token deposits, removing exposure to impermanent loss, and automating yield reinvestment for compound returns.

The gRHO interface leverages Uniswap v4's latest features: Hooks for enhanced liquidity management, native token support which eliminates the need for wrapped ETH (WETH), and streamlines deployment of new pools and options markets.

Community Impact

We believe the launch of gRHO advances several key objectives for the Uniswap community:

• Broadens accessibility to Uniswap's liquidity pools

• Creates new yield opportunities for passive participants

• Enables active LPs to borrow assets for leveraged positions

Looking Forward

The successful deployment of gRHO marks a significant milestone towards making passive liquidity provisioning on Uniswap more accessible to the broader community. The platform is now live on Ethereum mainnet, with vanilla, standard fee tier pools supported. Support for non-standard fee tiers and hook pools will be added next. In Q2 2025, the interface will be made open source and forkable, furthering our commitment to fostering innovation and enabling developers across the ecosystem to build upon and adapt the platform.

We will continue to monitor the platform's impact through public Dune analytics dashboards, tracking key metrics including total value locked (TVL), number of passive liquidity providers, new pool creation rates, and general user adoption.