- Uniswap’s governance community has decided that Uniswap will go live on two new chains: Gnosis and Moonbeam.
- Two votes passed almost unanimously last week, with more than 99.9% of votes in favor of launching on each chain.
- According to data from DeFi Pulse, Uniswap is the third largest DeFi platform, with $7.05 billion in locked value.
The DeFi platform Uniswap has announced that it will go live on two new blockchains: Gnosis Chain and Moonbeam Network.
Uniswap Comes to Gnosis, Moonbeam
During a community vote last week, governance token holders voted almost unanimously to launch Uniswap on Gnosis and Moonbeam.
Congratulations to everyone at @GnosisChain and @MoonbeamNetwork!
The proposals have passed and v3 will be deployed on both chains💫
— Uniswap Labs 🦄 (@Uniswap) May 23, 2022
Both votes passed with almost identical outcomes. 99.99% of votes were in favor of launching on each chain: 50.7 million UNI in favor of Moonbeam and 46.1 million UNI in favor of Gnosis. Only 0.01% of votes (3,080 UNI) were against each launch.
Major coinholders took part in the vote, including the Ethereum development frim ConsenSys, Crypto.com director of Partnerships Kenneth Ng, and university blockchain programs like Blockchain at Michigan and Blockchain at Columbia.
The final votes ended on May 19 and May 20, following two earlier votes—a temperature check and a consensus check. The actual launches will take place in the coming weeks.
Building the Ethereum Ecosystem
The decision to launch on each blockchain will help Uniswap reach new corners of the DeFi ecosystem.
Gnosis Chain is compatible with Ethereum’s EVM and is designed to carry out fast, low-cost transactions. Gnosis will provide $10 million to support a liquidity mining program on Uniswap.
Moonbeam Network, meanwhile, is a blockchain that aims to integrate Polkadot and Ethereum. The Moonbeam launch proposal was submitted by Nomad.xyz and Blockchain at Berkeley. Nomad will provide $2.5 million to the Uniswap Grants program.
In addition to the two new chains, Uniswap also supports four other chains: Ethereum, Polygon, Optimism, and Arbitrum.
Though most of its activity takes place on the Ethereum blockchain, Uniswap’s overall wealth means that it is a valuable addition to any blockchain that might support it.
According to DeFi Pulse, Uniswap currently has $7.05 billion in total value locked, making it the third-largest DeFi platform.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Uniswap Community Voting on Moonbeam, Gnosis Chain Deployment
Community voting is underway to decide if Uniswap, Ethereum’s most popular decentralized exchange, will deploy on Moonbeam, Polkadot’s first parachain, and on Gnosis Chain. Uniswap has deployed on several Layer…
Uniswap Deployed on Celo for Greener DeFi
The popular DeFi exchange Uniswap has been deployed to Celo following a community vote that concluded Apr. 29. Vote Succeeds Almost Unanimously This week’s vote was overwhelmingly in support of…
Uniswap Deploys on Polygon
Uniswap, one of Ethereum’s largest decentralized exchanges, has been deployed on Polygon. Uniswap Now On Polygon Uniswap, one of the largest decentralized exchanges on Ethereum, has launched on Polygon. Polygon…