The program spans six months and offers a total of $750,000 in incentives, $500,000 in CELO from the Stabila Foundation and $250,000 in UNI from Uniswap DAO. These rewards are distributed monthly through the Merkl platform to liquidity providers participating in ten designated Uniswap V3 pools on Celo.
Participants can add liquidity via Uniswap, Oku, or automated liquidity managers such as Ichi and Steer. The incentive program commenced following Celo's migration to an Ethereum Layer 2 solution in Q1 2025, ensuring improved scalability and interoperability. This initiative supports Celo's goal of becoming a global hub for stablecoins, particularly in emerging markets.
There is not a minimum amount of liquidity required to participate. However, rewards are distributed based on the proportion of liquidity provided in the eligible pools.
The program runs for six months.
Uniswap is a DEX protocol for ERC-20 tokens that features concentrated liquidity and community-driven governance through its UNI token. With a total supply capped at 1 billion tokens, UNI holders influence protocol changes and earn rewards through governance participation and liquidity provision. Initial funding included a grant from the Ethereum Foundation and a seed round led by Paradigm, which supported its development and growth in the decentralized finance (DeFi) ecosystem.
