Key Takeaways
- Uniswap’s governance group has determined that Uniswap will go reside on two new chains: Gnosis and Moonbeam.
- Two votes handed nearly unanimously final week, with greater than 99.9% of votes in favor of launching on every chain.
- Based on information from DeFi Pulse, Uniswap is the third largest DeFi platform, with $7.05 billion in locked worth.
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The DeFi platform Uniswap has introduced that it’s going to go reside on two new blockchains: Gnosis Chain and Moonbeam Community.
Uniswap Involves Gnosis, Moonbeam
Throughout a group vote final week, governance token holders voted nearly unanimously to launch Uniswap on Gnosis and Moonbeam.
Congratulations to everybody at @GnosisChain and @MoonbeamNetwork!
The proposals have handed and v3 can be deployed on each chains?
— Uniswap Labs ? (@Uniswap) May 23, 2022
Each votes handed with nearly similar outcomes. 99.99% of votes have been in favor of launching on every chain: 50.7 million UNI in favor of Moonbeam and 46.1 million UNI in favor of Gnosis. Solely 0.01% of votes (3,080 UNI) have been towards every launch.
Main coinholders took half within the vote, together with the Ethereum growth frim ConsenSys, Crypto.com director of Partnerships Kenneth Ng, and college blockchain packages like Blockchain at Michigan and Blockchain at Columbia.
The ultimate votes ended on May 19 and May 20, following two earlier votes—a temperature verify and a consensus verify. The precise launches will happen within the coming weeks.
Constructing the Ethereum Ecosystem
The choice to launch on every blockchain will assist Uniswap attain new corners of the DeFi ecosystem.
Gnosis Chain is suitable with Ethereum’s EVM and is designed to hold out quick, low-cost transactions. Gnosis will present $10 million to help a liquidity mining program on Uniswap.
Moonbeam Community, in the meantime, is a blockchain that goals to combine Polkadot and Ethereum. The Moonbeam launch proposal was submitted by Nomad.xyz and Blockchain at Berkeley. Nomad will present $2.5 million to the Uniswap Grants program.
Along with the 2 new chains, Uniswap additionally helps 4 different chains: Ethereum, Polygon, Optimism, and Arbitrum.
Although most of its exercise takes place on the Ethereum blockchain, Uniswap’s total wealth implies that it’s a helpful addition to any blockchain which may help it.
Based on DeFi Pulse, Uniswap at the moment has $7.05 billion in complete worth locked, making it the third-largest DeFi platform.
Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different cryptocurrencies.
