RIP-03: Migrate POL to Rubicon CLMM, Allocate Inflation, and Replenish Aquila Yield Farms

đź“ś Proposal Discussion
1

RIP-03: Migrate POL to Rubicon CLMM, Allocate Inflation, and Replenish Aquila Yield Farms

Summary

This proposal does three things:

  1. Migrates Protocol-Owned Liquidity to Rubicon’s new in-house CLMM. The two Uniswap V3 POL positions (RUBI/ETH, RUBI/USDC) deployed under RIP-02 are pulled and redeployed as new positions on Rubicon’s CLMM, on Base.

  2. Replenishes the Aquila RUBI/WETH and RUBI/USDC yield farms with reduced emissions.

  3. Releases all currently-vested community RUBI (~168M) and bridges it to the Trusted Base Multisig, allocated 60% to new POL on the Rubicon CLMM and 40% to upcoming liquidity campaigns.

Trading rewards continue uninterrupted at 40,000 RUBI/day, funded by this proposal for the 6-month window.

This is the follow-on to RIP-02, which explicitly stated:

“the long-term goal is to migrate POL onto Rubicon’s own order book / AMM stack as soon as it makes sense.”

That time is now.

Motivation

1. Rubicon’s CLMM is Live and Should Hold Rubicon’s POL

The Rubicon CLMM (a fork of Uniswap V3) and the vault layer (a fork of Gamma’s v1 vaults) are live in the app today. Hosting the DAO’s flagship POL on Uniswap V3 while running a competing AMM is incoherent. Migrating POL in-house builds native, DAO-controlled liquidity in line with Rubicon’s founding mandate and bootstraps the CLMM with credible flagship depth from day one.

2. Vesting Outpaces Operational Demand

Per the tokenomics, 66% of total supply (~6.6B RUBI) emits linearly over ~16 years (~34M/month). Currently releasable: ~168M RUBI.

Operational demand over the next 6 months:

  • Trading rewards (40k/day Ă— 180): 7.20M

  • Aquila yield farms: 56.25M

  • Total: 63.45M

Releasing 168M and committing 60% to POL sizes the 40% bucket to cover all operational draw and seed upcoming liquidity campaigns.

3. Build Native, DAO-Controlled Liquidity

Allocating 60% of the released RUBI to POL reflects Rubicon’s founding mandate: build as much native, DAO-controlled liquidity as possible. The one-sided long-range design from RIP-02 means RUBI appreciation reflexively accumulates ETH and USDC into the treasury, deepening DAO-owned liquidity over time. The remaining 40% covers Aquila replenishment, 6 months of trading rewards, and an earmark for upcoming campaigns — most likely the Rubicon vault system and partner projects.

Specification

A. POL Migration

The Trusted Base Multisig will, in batched Gnosis Safe transactions:

  1. Withdraw the two existing Uniswap V3 POL NFTs (RUBI/ETH, RUBI/USDC, 0.3% fee tier).

  2. Collect any accrued fees to the multisig.

  3. Mint two new positions on the Rubicon CLMM:

  • RUBI/ETH 0.3% — recovered RUBI + RIP-03 allocation

  • RUBI/USDC 0.3% — same pattern

  1. Range: matches RIP-02 — single-sided RUBI starting at current market price, same 100× upper bound.

  2. Set fee accrual to the DAO multisig / Collector.

B. New POL from Released Inflation (60% bucket)

  • 70.56M RUBI → RUBI/ETH on Rubicon CLMM

  • 30.24M RUBI → RUBI/USDC on Rubicon CLMM

Combined with RUBI recovered from the V3 positions in step A.

C. Aquila Yield Farm Replenishment (40% bucket)

Sized at 75% of RIP-01:

  • RUBI/WETH: 45.000M over 6 months

  • RUBI/USDC: 11.250M over 6 months

  • Total: 56.250M

Distributed via the existing staking contracts using the notifyRewardAmount pattern from RIP-01. The multisig is already the rewardsDistributor.

D. Trading Rewards (40% bucket)

7.20M RUBI (40k/day × 180) transferred from the multisig to the trading-rewards distributor — rubicon.eth cold wallet (0x3204AC6F848e05557c6c7876E09059882e07962F).

E. Liquidity-Campaign Earmark (40% bucket residual)

~3.75M RUBI held in the multisig as a discretionary earmark for upcoming liquidity campaigns — most likely on the Rubicon vault system and with partner projects. Redirectable by future RIPs.

Implementation Details

L1 Governance Payload

Three calls:

  1. vestingWallet.release(RUBI) → ~168M to L1 Authorized Executor

  2. RUBI.approve(L1_ERC20_BRIDGE, ~168M)

  3. L1_ERC20_BRIDGE.bridgeERC20To(BASE_MULTISIG, ~168M)

No sendMessage — all Base-side actions are executed by the multisig directly. The multisig is already the rewardsDistributor on the Aquila staking contracts (set in RIP-01) and owns the existing V3 POL NFTs (from RIP-02).

Multisig Actions (Base, Post-Execution)

In Gnosis Safe transactions:

  • POL Migration: decrease / collect / burn the two V3 NFTs, then approve + mint two CLMM positions.

  • Aquila Replenishment: approve + notifyRewardAmount on each staking contract (45M WETH-pair, 11.25M USDC-pair).

  • Trading Rewards: transfer 7.20M to rubicon.eth.

  • Earmark: hold 3.75M in the multisig.

Contract Addresses

Ethereum Mainnet (L1)

  • L1 Base Cross-Chain Messenger: 0x866E82a600A1414e583f7F13623F1aC5d58b0Afa

  • Rubicon Governance: 0xbc0F42BDc9491180742c4b4e9Ce84DbBeC2FfD86

  • Authorized Executor: 0x80E429285e1a847eDC2f3258a40F5df5622d9986

  • L1 Community Vesting Contract: 0xF81C5CfaA3736d728406a7800625f923494B17eE

  • L1 ERC20 Bridge (→ Base): 0x3154Cf16ccdb4C6d922629664174b904d80F2C35

  • L1 RUBI Token: 0x7483e83b481c69a93cb025395194e0dc4F32d9C4

Base Mainnet (L2) — Stable

  • Bridge Executor: 0x4E973a2CDC9b73B794139B0f7f57E379f5ccFe2A

  • RUBI Token: 0xb3836098d1e94EC651D74D053d4a0813316B2a2f

  • Trusted Multisig: 0x8c1ACB63a021BD8c990744C07bc53A3Ec3C03af4

  • WETH: 0x4200000000000000000000000000000000000006

  • USDC: 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913

Base Mainnet (L2) — Rubicon CLMM

(canonical, deployed 2026-03-31)

  • RubiconV3 Factory: 0xB5E5A9e628FEF819150A6E5127aB481cee5d6Ca9

  • NonfungiblePositionManager: 0x620b7445f2e36D291dfAe08306eB2749655e46c5

  • SwapRouter: 0x8814575bBFf6F7F8084A34b6776660CBC7344c3c

  • QuoterV2: 0xff53aA370D66459bf7672014EB3A279d342c5a8f

Base Mainnet (L2) — Existing Positions / Aquila Farms

  • Uniswap V3 NPM (where RIP-02 POL lives): 0x03a520b32C04BF3bEEf7BEb72E919cf822Ed34f1

  • RUBI/USDC Aquila Staking: 0x1bcBc996fc9e57AB4D3b08A1e7A54B7AE030329C

  • RUBI/WETH Aquila Staking: 0xF967db129324556D4fD83CE679b2B86FD8D5F26B

Risks

Migration Execution (Low)

Withdraw → mint is batched in a single Safe TX. Pre-Existing LPs are out of range.

CLMM Maturity (Medium)

The Rubicon CLMM was deployed 2026-03-31 — forked from Uniswap V3 and audited as part of the broader Rubicon stack, but with less live volume history than upstream.

Market Volatility / IL (Medium)

POL on a CLMM is exposed to IL and toxic order flow like any AMM position. Wide ranges and the reflexive 70/30 ETH/USDC weighting reduce but don’t eliminate the risk. Same posture as RIP-02.

Multisig Management (Low)

Same posture as RIP-01 and RIP-02 — the Trusted Base Multisig remains the security bottleneck for POL and earmarked inflation. Governance retains the ability to rotate, pivot, or migrate at any time.

Benefits

  • Native, DAO-controlled liquidity — durable, long-term liquidity owned by the DAO, in line with Rubicon’s founding mandate

  • Reflexive treasury accumulation — RUBI appreciation deepens DAO-owned ETH and USDC over time

  • Liquidity-campaign dry powder — vault and partner programs can be seeded without a fresh governance cycle

  • CLMM bootstrap — credible flagship liquidity from day one of the new AMM

Success Criteria

  • Uniswap V3 POL positions withdrawn

  • New POL positions live on Rubicon CLMM with combined RUBI

  • Aquila farms replenished and distributing

  • 7.20M trading-rewards top-up delivered to rubicon.eth

  • Earmark held in multisig

  • Trading rewards continue uninterrupted at 40k/day

Important Reminder — :police_car_light: RISKY :police_car_light:

  • RUBI is very risky. All users must accept risks and our Terms of Use.

  • Rubicon is risky, only invest or use it with assets you can afford to lose.

  • We are on a very uncertain march towards decentralization and scale as a movement. Be careful and good luck.

Ad Victoriam.

Proposal ID: 2

Author: Benjamin Hughes

Date: 4/26/26