UIP-4

Good Sanai

Published in

Uniwhale

2 min readApr 27, 2023

Short Name

UIP-4

Long Name

Arbitrum Deployment and UNW Bridging to Arbitrum

Area of Impact

Uniwhale

Logistics

Where: Uniwhale space at Snapshot.org
When: 2PM UTC Apr 28, 2023–2PM UTC May 1, 2023
To participate, you must unstake esUNW before the Snapshot.org snapshot.

Proposal Description

UIP-4 asks our community if Uniwhale should deploy on Arbitrum.

If UIP-4 passes,

Uniwhale contracts will be deployed on Arbitrum One,
10m UNW will be bridged over to Arbitrum (via Wormhole) to be locked at a new contract called “BridgedVault”, to support our tokenomics there. See UNW Bridging to Arbitrum below for more details

Voting

The voting will take place at the Uniwhale space at Snapshot.org.

The voting will start at 2PM UTC Apr 28, 2023 and end at 2PM UTC May 1, 2023

To participate, you must unstake esUNW before the Snapshot.org snapshot. You can stake your esUNW again after your vote is recorded. You are recommended to unstake at least 30 minutes before the intended voting start, to ensure the Snapshot.org nodes can capture your unstaked esUNW.

Snapshot.org is a 3rd-party platform we use to facilitate off-chain voting. In accessing and/or using Snapshot.org, you acknowledge and agree that you shall have no claim against Uniwhale or its affiliates in respect of any loss suffered by you in relation to or arising from your access and/or use of Snapshot.org.

UNW Bridging to Arbitrum

The bridging of UNW is required to ensure that UNW circulated across BNB and Arbitrum are fungible and that the max supply is capped at 100m. By bridging 10m UNW over to Arbitrum, the max supply of UNW/esUNW on Arbitrum is capped at 10m (i.e. 25% of the total emission).

The Uniwhale team worked closely with Wormhole team for the product design.