Community Voted, Why Uniswap Will Be Deployed On Polygon
Popular decentralized automated market maker (AMM) Uniswap will deploy its smart contracts on Polygon, the Ethereum scaling solution, Proof-of-Stake (PoS) chain. The announcement was made via Twitter by the official handle of Uniswap Labs after the completion of a community vote. Related Reading | Uniswap Community Reacts Against The New Proposal, Here is Why The AMM will be rollout on Polygon on its third iteration (V3), per the initial proposal. The motion was passed with 72 million votes in favor and 503,009 against which suggest the proposal has wide acceptance within UNI holders.....
Related News
The deployment of Uniswap v3 contracts will be supported by a $20 million fund for a long-term liquidity mining campaign and the overall adoption of Uniswap on Polygon. The Uniswap community has approved the governance proposal that sought deployment of Uniswap v3 contracts over the Polygon PoS Chain. The approval comes in the form of an on-chain vote that saw the participation of over 72.6 million users from the community.Uniswap Labs announced to deploy Uniswap v3 contracts based on the votes that reflected over 99.3% approval consensus and will be supported by a $20 million fund — $15....
One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain.
Uniswap to Support Polygon PoS Blockchain
In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with $1.5 billion swapped during the last day. As far as total-value locked (TVL) in defi is concerned, Uniswap has $8.6 billion on December 19, 2021. That’s the second-largest TVL below Curve Finance’s $21.8....
OpenOcean, the leading DeFi and CeFi full aggregation protocol, recently conducted a poll on its Twitter handle asking its community which network they would want to see aggregated next. The community overwhelmingly voted for Polygon Network. While 48.7% of the total votes cast went in favor of Polygon, Solana came second with a little above […]
The Polygon team promised an explanation and here it is. A few weeks ago, the Ethereum Layer 2 network hard-forked their blockchain, seemingly without explanation. As usual, NewsBTC got to the bottom of the case and presented all of the available information. The only piece missing was a promised official report from Polygon’s experts. Is this it? Apparently so. Related Reading | Community Voted, Why Uniswap Will Be Deployed On Polygon Before we get into it, let’s remember Polygon’s co-founder Mihailo Bjelic’s explanation as reported by us: “We’re making an effort to improve....
In a tweet on October 4, Sandeep Nailwail, the co-founder of Polygon, revealed that POL Contracts have been deployed on the Goerli testnet, describing the release as a significant “step on their journey of creating Polygon 2.0.” The deployment of these smart contracts also saw the release of two Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. […]