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NewsBTC 2021-12-18 22:00:49

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. 🗳 The Uniswap community has voted to deploy v3 on @0xPolygon through the governance process. ⚡️ Uniswap Labs will deploy Uniswap v3 contracts within a few days. 👀 Stay tuned. — Uniswap Labs 🦄 (@Uniswap) December 18, 2021 Presented on November 19th by Mihailo Bjelic, one of Polygon’s co-founders, claiming it’s “the right moment” to carry on this community driven initiative. Bjelic claimed Polygon has one of the “strongest DeFi ecosystem”, that the implementation could boost Uniswap’s user base, and promised users that they will incentive adoption to achieve that goal. We initiated the final phase of the governance process – On-chain Vote: If the vote passes, the deployment is officially approved. 🤗 Huge thanks to the Uniswap community for the overwhelming support so far! Let&...

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