Decentralized exchange Uniswap has said it fully supports Ethereum’s transition to Proof-of-Stake (PoS) as a method to reduce the environmental impact and scale the blockchain.
Uniswap announced that after the merger, Ethereum does not intend to support its forks based on the Proof-of-Work (PoW) algorithm. The project team also warned users that when implementing The Merge upgrade – the final step in the transition of Ethereum to PoS – they do not need to take any action. Uniswap will continue to operate as normal during the upgrade, but is not responsible for its partners.
“If any of the third-party infrastructure providers, such as a node provider, goes down, some users may experience short periods of unavailability of the app.uniswap.org application,” the exchange warned.
In addition, the project team informed users about two new vulnerabilities related to Uniswap v3 oracles and the permissions mechanism. Using the first exploit, attackers can form a giant pool of validators to inflate and reset the price. Using the second exploit, hackers can clone signatures in a forked chain to steal assets from users’ wallets.
In the run-up to the Ethereum merger, cryptocurrency companies have split into two camps. Some are ready to support Ethereum forks on PoW, while others declare only loyalty to the chain on PoS. For example, the NFT trading platform OpenSea has indicated that it does not intend to support PoW forks, while the Binance exchange is ready to support both the main blockchain and its forks.
Source: Bits
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