# \[Merkl\] UniswapV4 BOLD-USDC incentivization proposal
**URL:** https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109
**Category:** Initiatives
**Created:** [September 17, 2025, 7:44am UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109 "2025-09-17T07:44:15Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@sogipec](https://voting.liquity.org/u/sogipec)
#### Post date: [September 17, 2025, 7:44am UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/1 "2025-09-17T07:44:15Z")
### About the Protocol
Merkl is an onchain incentive distribution platform that enables protocols, wallets, chains, and DAOs to easily launch and manage customized reward campaigns for DeFi activities.
### Proposal Overview
This initiative will incentivize a BOLD/USDC liquidity pool on Uniswap v4:
> **[BOLD/USDC on Uniswap](https://app.uniswap.org/explore/pools/ethereum/0x27eb93f973ec12bdc20f8a0959df46dfef29250bbb25c97e1ab6c96d2ad97f8e)**
### Usage of the funds
100% of the funds will be used as incentives on the pool:
- 75% for fees
- 20% for BOLD liquidity
- 5% for USDC liquidity
Merkl takes a 3% fee for this service.
### Impact for BOLD
The targeted incentives drive fresh BOLD demand, strengthen the peg, and reduce slippage by funneling more rewards to it compared to USDC. They also let BOLD tap directly into Uniswap’s deep liquidity and volume.
### Threshold & Target
There is no minimum amount of BOLD required for this proposal to be delivered.
However, if a week’s rewards are below 100 BOLD, they won’t create a campaign and will accumulate for the next epoch.
### Impact Measurement, Tracking and Key Metrics
- Stronger peg
- Lower redemption volume
- Higher liquidity and trading volume
- Reduced slippage
Claiming is done on the Merkl app: [https://app.merkl.xyz/](https://app.merkl.xyz/)
Connect your wallet and then go to ‘Dashboard’
### Practical Information
Receiving address: 0xB42448852A1BFc99d66ed53C65e2B49cF954f615
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### Author:  [@chris](https://voting.liquity.org/u/chris)
#### Post date: [September 17, 2025, 1:07pm UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/2 "2025-09-17T13:07:17Z")
Great to see a Uniswap V4 proposal, thanks @sogipec!
Can you explain this more?
> ### Usage of the funds
>
> 100% of the funds will be used as incentives on the pool:
>
> - 75% for fees
>
> - 20% for BOLD liquidity
>
> - 5% for USDC liquidity
It may be helpful to provide an illustrative example.
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### Author:  [@sogipec](https://voting.liquity.org/u/sogipec)
#### Post date: [September 17, 2025, 1:30pm UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/3 "2025-09-17T13:30:58Z")
Details on how parameters for UniV4 campaigns work on Merkl can be found [here](https://docs.merkl.xyz/merkl-mechanisms/campaign-types/concentrated-liquidity-mechanisms#reward-formula).
75% of the incentive budget will be split between LPs based on their contribution to the overall liquidity of the pool
20% based on the in range BOLD
5% based on the in range USDC liquidity
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### Author:  [@chris](https://voting.liquity.org/u/chris)
#### Post date: [September 17, 2025, 1:57pm UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/4 "2025-09-17T13:57:10Z")
Thank you! What is the rationale for having a higher weight for in-range BOLD liquidity vs USDC?
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### Author:  [@sogipec](https://voting.liquity.org/u/sogipec)
#### Post date: [September 17, 2025, 2:20pm UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/5 "2025-09-17T14:20:47Z")
People are incentivized for providing skewed liquidity positions with more BOLD than USDC so:
- lower slippage for BOLD acquisitions from USDC
- more BOLD TVL incentivized
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### Author:  [@chris](https://voting.liquity.org/u/chris)
#### Post date: [September 17, 2025, 5:15pm UTC](https://voting.liquity.org/t/merkl-uniswapv4-bold-usdc-incentivization-proposal/109/6 "2025-09-17T17:15:32Z")
Seems reasonable, but given that BOLD has limited integrations with the rest of DeFi and no CEX listings yet, strong swap liquidity out seems important. No strong opinion though. Thanks again for bringing this initiative, will be voting for it!