Polygon Alpha Podcast - Episode 0023 - November 10th, 2022Mario Zavala - Revert FinanceLinkTree - https://linktr.ee/polygonalphapodcastYouTube - https://www.youtube.com/c/PolygonTVApple - Follow the show on Apple Podcast!Spotify - Follow the show on Spotify!RSS feed - https://api.substack.com/feed/podcast/863588.rssRevert Finance - Time-vested incentives programs for Uniswap v3 - While Uniswap v2 was prime farming land in the summer of 2020, incentivizing liquidity on Uniswap v3 has not yet taken off. - Revert develops analytics and management tools for liquidity providers in AMM protocols. - Incentivizing liquidity in Uniswap v3 has not really worked out as well as a lot of us expected. - The v3staker is a brilliant mechanism, and security-wise it also leaps ahead of what we had in the Uni v2 days. - Instead of a thousand different forks, one for each farm, we have a canonical contract where any project can create an incentive program and any LP can stake. - This contract can (and has been) audited, and there is no need to verify each new reward contract individually. - The problem is that by deploying liquidity in a very narrow price range, a proportionally small amount of capital can capture most of the rewards - The dominating strategy, as seen in the Ribbon liquidity mining program, is to automate the creation of very narrow positions to maximize rewards capture. - This leads to mercenary liquidity instead of rewarding long term holders and LPs. - We think there’s a simple solution to this problem: having a reward vest over a certain period. - This prevents the ultra-concentrated strategy from being successful as it would quickly go out-of-range and without having vested their rewards - Revert is going to test this out by incentivizing 8 Uniswap V3 pools on Polygon with 150k MATIC over 28 days, ending on December 21.~~~~Thank you so much for watching the video, if you’ve not subscribed to the channel please do! We’ll continue to bring new videos to you!Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing securityPolygon official channel: Website: polygon.technologyTwitter: twitter.com/0xPolygon Telegram Community: t.me/polygonofficial Telegram announcement: t.me/PolygonAnnouncements Reddit: www.reddit.com/r/0xPolygon/ Discord: discord.com/invite/polygonFacebook: www.facebook.com/0xPolygon.Technology/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com