Uniswap v3 implementation on Polygon is approved by 99.3% of the community

Uniswap v3 implementation on Polygon is approved by 99.3% of the community

The Uniswap community approved a governance proposal difficult the implementation of Uniswap v3 contracts on Polygon. The approval was obtained by means of a vote attended by greater than 72.6 million customers of the decentralized change (DEX).

Uniswap Labs introduced the implementation of the Uniswap v3 contract after receiving 99.3% of the votes in favor of the proposal. The implementation can be backed by $20 million in funding – $15 million for long-term liquidity mining actions and $5 million for widespread adoption of Uniswap at Polygon (MATIC).

The Uniswap community voted to deploy v3 to @0xPolygon by means of the governance course of.

⚡️ Uniswap Labs will implement the Uniswap v3 contract in a number of days.

keep tuned.

– Uniswap Labs (@Uniswap)

Additionally, Bjelic introduced that the time was proper for Uniswap to combine with Polygon, calling the second-tier community “the second-strongest DeFi ecosystem in the trade after Ethereum.” The entrepreneur additionally shared his willingness to encourage adoption. Uniswap Finance and Technology in the Network.

The proposal, revealed by Polygon CEO Mihailo Bjelic on November 20 and open for voting till December 18, argues that “implementing Uniswap v3 on Polygon can deliver many advantages” reminiscent of increasing the person base and saving customers loads of cash , improve community exercise, improve income, dominate the market and return to the unique DeFi imaginative and prescient.

Source: Uniswap

earlier than voting on-chain In order to approve governance proposal UP010, Bjelic launched a set of consensus and temperature checks to find out the community’s opinion on the chance of implementing Uniswap v3:

“Consensus verify 17 handed with 44 million (98.87%) sure and 500,000 (1.13%) no votes. Temperature verify 7 handed with 7.79 million (~100%) sure and 101 (~0%) no votes.”

As Polygon struggles to take care of a aggressive place with the Ethereum ecosystem, the community introduced plans to associate with 776, a enterprise capital agency owned by Reddit co-founder Alexis Ohanian, on a $200 million plan.

As Cointelegraph reported, the initiative will focus on supporting and internet hosting gaming purposes and social media platforms primarily based on Polygon’s infrastructure. Polygon’s explosive progress this 12 months has been pushed by the launch of greater than 3,000 decentralized on-chain purposes and the launch and migration of different protocols. Cross-chain.

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