In Brief:
- The Uniswap community approves the proposal to deploy Uniswap V3 on the Polygon, with 99% support of votes.
- The deployment will have benefits like huge savings for users, higher user activity, higher revenue, user base growth etc.
- The initiative will support and host gaming applications and social media platforms built on Polygon’s infrastructure.
On 18 December, Uniswap Lab announced that the Uniswap community supported the proposal to deploy Uniswap V3 on the Polygon, with 99% support of votes.
A $20 million fund for a long-term liquidity mining campaign and the overall adoption of Uniswap on Polygon will also support the implementation of Uniswap v3 contracts.
According to the proposal laid down by Mihailo Bjelic, the Co-founder of Polygon, deploying to Polygon proof-of-stake has a lot of advantages. This includes huge savings for users, higher user activity, higher revenue, user base growth, market capture, return to the original DeFi vision etc.
Bjelic also said that this is the perfect time for Uniswap to deploy on Polygon as Polygon is “the second strongest DeFi ecosystem, right after Ethereum L1.” He also shared his willingness to incentivize Uniswap adoption, both financially and technologically.
The initiative will focus on supporting and hosting gaming applications and social media platforms built on Polygon’s infrastructure.
This year, Polygon saw an incredible growth as it was supported by the launch of over 3,000 decentralized on-chain applications and other protocol launches and cross-chain migrations.
Other than this, Polygon announced the acquisition of Mir protocol for $400 million in order to expand its scaling option for faster and more secured transactions.
