The successful governance vote will result in the deployment of Uniswap V3 on the Boba Network in the coming weeks.
“Boba Network’s Hybrid Compute will make it possible for ecosystem developers to build a new generation of hybrid on-chain/off-chain DeFi applications atop of Uniswap. While the Uniswap protocol will remain permissionless, developers will be able to build a compliant layer atop of it that leverages Hybrid Compute to tap existing, TradFi-friendly KYC/AML services. As a result, Uniswap will become more accessible to the larger institutional market.
According to Boba, the deployment will allow Uniswap to enhance its presence in major Asian markets, with the project already seeing strong adoption among South Korean users and expanding into Japan and several other countries from the region.The layer 2 protocol noted that as part of the development, Uniswap will “enhance the gaming infrastructure on Boba Network being a trusted and premium DEX to facilitate token transfers.
To foster the usage of Uniswap v3 on the Boba, the Boba Foundation has pledged to provide $1 million BOBA tokens, which will be sent to multisig wallets co-owned by the Uniswap Grants Program and the foundation. “The funding is primarily intended to incentivize liquidity on Uniswap v3 on Boba Network, but any project that promises to boost adoption can apply for a grant,” Boba said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A16z Exerts Control Over Uniswap by Downvoting BNB Chain DeploymentThe VC giant has used its overwhelming voting power in an attempt to quash a proposal by Uniswap governance.
Les mer »
Apparently, Uniswap Is Secretly Controlled by Only One EntityApparently a significant amount of $UNI tokens are controlled by Andreessen Horowitz, which makes decentralization enthusiasts worry a bit more about their favorite platform
Les mer »
Crypto Markets Lose $30B as Bitcoin Slipped to Weekly Lows (Market Watch)Uniswap has lost the most value from the larger-cap alts after the recent a16z development.
Les mer »
a16z votes against proposal to deploy Uniswap V3 on BNB ChainVenture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge.
Les mer »