Deployment of Uniswap v3 contracts on Polygon approved with 99.3% consensus

The Uniswap community approved the governance proposal aimed at deploying Uniswap v3 contracts on the Polygon PoS chain. The approval co...


The Uniswap community approved the governance proposal aimed at deploying Uniswap v3 contracts on the Polygon PoS chain. The approval comes in the form of a chain vote that saw the participation of over 72.6 million community users.

Uniswap Labs has announced the deployment of Uniswap v3 contracts based on votes reflecting over 99.3% approval consensus and will be backed by a $ 20 million – $ 15 million fund for the mining campaign. long-term liquidity and $ 5 million for the global adoption of Uniswap to Polygon (MATIC).

In addition, Bjelic also announced that now is the right time for Uniswap to deploy on Polygon, citing its position as “the second most powerful DeFi ecosystem, just after Ethereum L1”. The entrepreneur also shared his willingness to drive the adoption of Uniswap, both financially and technologically.

the proposal was published by Polygon CEO Mihailo Bjelic on November 20 and was open to voting until December 18, arguing that “deployment on Polygon PoS can bring many benefits” such as growing the user base, d ‘Huge savings for users, higher user activity, higher revenue, market capture and a return to the original DeFi vision.

Source: Uniswap

Prior to the chain vote for the UP010 governance proposal, Bjelic released a set of consensus and Temperature checks to identify the community sentiment behind the Uniswap v3 deployment:

“Consensus Test 17 was passed with 44 million (98.87%) YES votes and 500,000 (1.13%) NO votes. Temperature Control 7 was successful with 7.79 million (~ 100%) YES votes and 101 (~ 0%) NO votes. “

Related: Reddit and Polygon Co-Founder Launch $ 200 Million Web 3.0 Social Media Initiative

As Polygon strives to maintain a competitive position with the Ethereum ecosystem, the community announced a $ 200 million initiative with Seven Seven Six, a venture capital firm owned by Reddit co-founder Alexis Ohanian. .

As Cointelegraph reported, the initiative will focus on supporting and hosting gaming applications and social media platforms built on Polygon’s infrastructure. Polygon’s explosive growth this year has been supported by the launch of more than 3,000 on-chain decentralized applications and other cross-chain protocol and migration launches.