Home > NEWS > Community votes to deploy Uniswap v3 on Boba Network

Community votes to deploy Uniswap v3 on Boba Network

Enya Labs co-founder Alan Chiu said that the move would allow developers to build on- and off-chain DeFi applications on top of Uniswap.

The network of members of the Uniswap community voted to deploy Uniswap v3 on the layer 2 agreement of Boba Network on Ethernet Fong.

The proposal submitted by the Boba Charitable Foundation and FranklinDAO to deploy Uniswap v3 on the network in Boba received more than 51 million yuan of votes. This means that Boba Internet will become the sixth drive chain for the deployment of Uniswap v3, which is planned to be carried out in the coming weeks. This move has been applied by several physical objects, such as GFX Labs, BlockChain, Gauntlet and Consensys in Michigan.

According to co-founder and CEOAlan Chiu of Enya Labs, one of the key promoters of Boba Network, this move will enable developers in the ecosystem to build a new generation of on-chain and off-chain decentralized financial (Defi) applications on the premise of Uniswap. Zhao Xiaolan explained:

Although the Uniswap agreement will remain licensed without consent, developers will be able to establish a compliance management above to take advantage of existing TradFi-friendly KYC/AML services projects using hybrid computing. "

Therefore, Qiu Tenghua stressed that decentralized trading centers will be easier to be recognized by a wider range of organizational sales markets. In addition, the Boba Network elite team also believes that this opens a good opportunity for Uniswap to expand into important Asian markets, showing that Boba Network has won a strong driving force in Seoul and is slowly expanding into Japan.

In addition, during a recent kitchen chat, AAVE founder Stani Kurekov communicated with Alex Vorster, executive editor of Cointelegraph, to discuss the choice of Defi. According to Kurekov, more choice of a long-term stable payment system could lead to a deeper improvement in the Defi industry. The AAVE founder noted that allowing consumers to add stablecoins would put them at the point where they could finally introduce Defi.

At other news reporting levels, a result from DappRadar shows that Defi got off to a good start in 2023. According to the information from the statistics website, the total amount locked in the Defi agreement increased significantly in January.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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