Uniswap Foundation Proposes Governance Approach for Official Uniswap Deployment on L1 and L2

On March 31, according to official news, due to the expiration of the commercial source code license (BSL) for Uniswap v3 on April 1, 2023, the Uniswap Foundation proposed a Uniswap governance approach to determine the “official” Uniswap deployment on L1 and L2 after the expiration of the BSL on April 1, and is currently collecting feedback from the community to facilitate this process.

Uniswap Foundation: For BSL expiring tomorrow, it has proposed governance for “official” Uniswap deployments on L1 and L2

Introduction

On March 31, the Uniswap Foundation announced that the commercial source code license (BSL) for Uniswap v3 will expire on April 1, 2023. To ensure a smooth transition, the foundation has proposed a governance approach to determine the “official” Uniswap deployment on L1 and L2 after the expiration of the BSL. The Uniswap community is currently providing feedback to help facilitate this process.

What is Uniswap?

Uniswap is a decentralized exchange built on the Ethereum blockchain, which enables users to trade cryptocurrencies without a central authority. Instead, Uniswap uses automated market-making (AMM) to enable users to exchange tokens based on their relative value. Uniswap became popular due to its user-friendly interface and ability to provide liquidity to any ERC-20 token.

Uniswap v3 Commercial Source Code License

The Uniswap v3 commercial source code license (BSL) was introduced to protect the intellectual property of the Uniswap development team. The BSL granted users the right to use and modify the code for free as long as they did not operate it as a service. However, after the expiration of the BSL on April 1, 2023, users will have more freedom to use and modify the code as they see fit.

Governance Approach for Official Uniswap Deployment

To ensure that there is an “official” Uniswap deployment on L1 and L2 after the expiration of the BSL, the Uniswap Foundation has proposed a governance approach. The approach involves the creation of a Uniswap Governance Forum, which would be responsible for overseeing the deployment of Uniswap on various networks. The forum would consist of community members, developers, and other stakeholders who would work together to determine the best course of action for the Uniswap protocol.

Uniswap Governance Forum

The Uniswap Governance Forum is still in its planning stages, but it is expected to be similar to other decentralized autonomous organizations (DAOs). Members of the Uniswap community would be able to propose changes and vote on proposals related to the deployment of Uniswap on various networks. The Uniswap Foundation would play an advisory role and would not have direct control over the forum’s decisions.

Feedback from the Uniswap Community

The Uniswap Foundation is currently collecting feedback from the Uniswap community to help facilitate the creation of the Uniswap Governance Forum. The feedback will help the foundation to determine the best approach for the forum and ensure that it meets the needs of the community.

Conclusion

The Uniswap Foundation’s proposed governance approach for the official deployment of Uniswap on L1 and L2 after the expiration of the BSL is an important step towards ensuring a smooth transition for the Uniswap protocol. With the help of the Uniswap Governance Forum and feedback from the community, the Uniswap Foundation is well-positioned to ensure that the future of Uniswap remains in the hands of its users.

FAQs

1. What is a decentralized exchange?
A decentralized exchange is a type of exchange that operates on a distributed network without a central authority. Users are able to exchange cryptocurrencies without the need for an intermediary.
2. What is the Uniswap Governance Forum?
The Uniswap Governance Forum is a proposed decentralized autonomous organization (DAO) that would be responsible for overseeing the deployment of Uniswap on various networks. The forum would consist of community members, developers, and other stakeholders who would work together to determine the best course of action for the Uniswap protocol.
3. When will the Uniswap v3 commercial source code license expire?
The Uniswap v3 commercial source code license will expire on April 1, 2023. After this date, users will have more freedom to use and modify the code as they see fit.