• Uniswap’s Version 3 (v3) was approved to be deployed on Boba Network following a favorable community vote.
• The deployment of Uniswap on Boba Network provides the opportunity for Uniswap to expand its user base and increase its value locked and transaction volume.
• The Boba Foundation has committed $1 million worth of BOBA tokens to foster the adoption of Uniswap v3 on the Boba Network.
Uniswap DAO Approves Boba Network Deployment in Latest Community Vote
Uniswap’s Version 3 (v3) was recently approved by its decentralized autonomous organization (DAO) for deployment on Boba Network after an overwhelmingly positive community vote.
What Does This Mean?
This move allows the users within Boba’s multichain ecosystem to have access to Uniswap, significantly increasing both its total value locked and its transaction volume.
The Commitment from The Boba Foundation
The Boba Foundation has committed a total of $1 million worth of BOBA tokens for fostering the adoption of Uniswap v3 on the Boba Network. These funds will be distributed to projects that are aiming to boost the adoption of Uniswap v3 in the network.
Why It Matters
Through this deployment, users benefit from cheaper and faster transactions with no third-party involvement, as well as access to financial services such as lending and borrowing.