Community Members DEX Uniswap suggested deploy the third version of the protocol in Base, the second-level network of the Coinbase crypto exchange.
The she256, Michigan Blockchain, and GFX Labs users who submitted the issue for discussion are members of the decentralized autonomous organization.
Once the proposal is approved, GFX Labs will take over the technical aspects.
As a core developer, Uniswap will partner with OP Labs, the Optimism network team.
In February, Coinbase launched the Base testnet based on the OP Stack architecture. Representatives of the company emphasized that the creation of the platform does not imply a new token.
The community believes that deployment on a layer 2 network will help increase the total amount of locked funds in the protocol, improve scalability, and empower developers.
The proposal will be considered within 7 days, after which a “temperature check” among the community members will begin. As soon as Base launches on the mainnet, the official voting will begin.
Uniswap 3 is currently available on multiple protocols including Ethereum, Celo, BNB Chain, and Arbitrum. The DEX community has also welcomed the Polygon zkEVM deployment.
According to a recent research Uniswap Labs, half of surveyed users CeFi motivated to experiment with DeFi protocols in the next 12 months. However, the main obstacles for them are the difficulty in using and misunderstanding of the technology itself, as well as high commissions.
In April, the number of active users on Uniswap reached 84,796 for the first time since May 2021. Probably, the growth of protocol indicators is associated with a new wave of popularity of mem-tokens.
Source: Cryptocurrency
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