This article has been republished with permission from Binance News.
According to Foresight News, the joint proposal ‘Joint Liquidity Incentive Plan’ submitted by proactive liquidity management protocol Gamma and DeFi risk manager Gauntlet to the Uniswap Foundation has been approved and implemented. The proposal suggests distributing 1,835,000 ARB incentives to Uniswap LP and liquidity managers through Angle Protocol’s Merkl platform.
Angle Protocol Merkl is based on off-chain scripts, calculating rewards for all LPs in these pools according to specific preferences. The 1,835,000 ARB will be sent to a 3/4 multisig to distribute rewards through Angle’s Merkl contract.