DeFi

The Uniswap Proposes To Launch V3 On Fantom

Key Points:

  • Uniswap community is conducting a temperature check vote on the proposal of deploying V3 to Fantom.
  • The proposal aims to deploy V3 on the Fantom chain using the cross-chain interoperability protocol Axelar.
  • The current support rate is 100%, and the voting will end on May 31.
According to the Snapshot voting site, the Uniswap community is holding a test vote on the proposal to deploy Uniswap V3 on Fantom.
The Uniswap Proposes To Launch V3 On Fantom 3

The proposal seeks to install Uniswap on the Fantom chain using the Axelar cross-chain interoperability protocol, a strategic move that will capitalize on existing market possibilities and boost Uniswap’s position in the DeFi domain.

Fantom Chain is a smart-contract platform that is extremely scalable and secure, allowing for the quick deployment of dApps. Fantom provides quick, safe, and low-cost transactions because of its unique Directed Acyclic Graph structure and powerful consensus process.

Fantom is EVM compatible, letting developers port and deploy their current Ethereum dApps on the Fantom Chain with ease. Because of this compatibility, as well as Fantom’s reduced transaction fees and quicker confirmation times, several Ethereum-based projects have chosen to grow and improve their operations on Fantom.

The Uniswap Proposes To Launch V3 On Fantom 4

The Fantom team is also dedicated to developing cooperation with Ethereum through the Axelar Network in order to facilitate asset transfers between the two ecosystems. Fantom plays a critical role in pushing the wider use and progress of blockchain technology by creating an environment that supports and improves the Ethereum ecosystem. According to the proposal, deploying V3 on Fantom Chain provides several benefits to both Uniswap Laboratories and its users.

The current support percentage is 100%, and voting will conclude on May 31.

Upon the completion of the chain vote, Axelar will be in charge of deploying the Uniswap V3 smart contract on Fantom, while Uniswap Labs will be in charge of the front-end integration. The evaluation process is expected to take 4-6 weeks.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.