The proposal to deploy Uniswap V3 on Avalanche has been voted and is expected to be deployed within 5 weeks

It is reported that Uniswap has passed the vote on deploying Uniswap V3 on Avalanche, with a approval rate of 95.08%. This proposal takes into account that the commercial protection of the copyright of Uniswap V3 core code will expire on April 1, when many projects will have the legal right to copy Uniswap V3 and branch the code for commercial purposes. Therefore, Uniswap V3 has decided to deploy on Avalanche in advance before a large number of imitation products appear to ensure that Uniswap can seize the Avalanche DEX market and compete with the DEX Trader Joe on Avalanche. According to the plan, the contract deployment is expected to take 5 weeks to complete.

Interpretation of this information:

The news is out! Uniswap has successfully passed the vote to deploy Uniswap V3 on Avalanche, with an approval rate of 95.08%. This move was made in view of the fact that the commercial protection of the copyright of Uniswap V3 core code will expire on April 1. With the expiry of protection, many projects will be legally allowed to copy Uniswap V3 and branch the code for commercial purposes. Therefore, Uniswap V3 has decided to deploy on Avalanche in advance to ensure that they can seize the Avalanche DEX market and compete with the DEX Trader Joe on Avalanche.

The proposal takes into account that there may be a large number of imitation products that could come up in the market. As such, deploying on Avalanche in advance will ensure that Uniswap can protect its market share from competition. The deployment of the contract is expected to take about five weeks to complete.

Overall, this move by Uniswap shows that the platform has anticipated potential competition and is taking proactive measures to protect its market share. This action shows a level of agility that is required in today’s fast-paced market.