Uniswap v3 to be Deployed on Boba Network
• Uniswap’s community voted in favor of the deployment of Version 3 (v3) of the decentralized exchange on Boba Network, a separate blockchain that works atop Ethereum and allows for cheaper and faster user transactions.
• The proposal was backed by FranklinDAO and Ethereum development and investment lab ConsenSys.
• The Boba Foundation has committed to $1 million worth of BOBA tokens to foster the adoption of Uniswap v3 on the Boba Network.
Uniswap CommunityVote
The Uniswap community overwhelmingly voted in favor of deploying Version 3 (v3) of its decentralized exchange onto Boba Network, a separate blockchain that works atop Ethereum. This move was supported by FranklinDAO and Ethereum development and investment lab ConsenSys, with over 51 million UNI being staked for the vote.
Advantages for Uniswap
With its deployment on Boba Network, Uniswap has the opportunity to expand its community to include the users within Boba’s multichain ecosystem, significantly increasing both its total value locked and its transaction volume. As such, this could lead to an increase in liquidity for traders looking to use this platform.
Boba Foundation Commitment
The Boba Foundation has also committed $1 million worth of BOBA tokens in order to foster adoption of Uniswap v3 on the Boba Network. These tokens will be sent to a multisig wallet co-owned by both parties which will then distribute funds to promising projects aiming at boosting adoption.
In conclusion, with this new partnership between Uniswap and Boba Network, there is potential for increased liquidity due to an expanded user base as well as opportunities for more projects looking to boost their usage of Unisawp v3 on the network through funds provided by the Boba Foundation.