Tally’s Voting Page Shows 100% Support for Uniswap V3 deployment to Polygon zkEVM

On April 14th, Tally’s voting page showed that the Uniswap community is conducting an on chain vote on the governance proposal to deploy Uniswap V3 to Polygon zkEVM. The vote started on April 9th and will end today at 19:11, with a current support rate of 100%.

The vote on the proposal to deploy Uniswap V3 to Polygon zkEVM will end tonight, with a current support rate of 100%

Introduction

On April 9th, the Uniswap community initiated an on-chain vote on the governance proposal to deploy Uniswap V3 on Polygon zkEVM. As of April 14th, Tally’s voting page showed a current support rate of 100%. This article will delve into the details of the proposal and its potential impact on both Uniswap and Polygon.

Why Uniswap V3 on Polygon?

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum. It aims to offer faster, cheaper transactions by building a network of sidechains that can handle a high volume of transactions. Uniswap V3 is the latest iteration of the popular decentralized exchange (DEX) and offers new features such as concentrated liquidity and multiple fee tiers.
By deploying Uniswap V3 on Polygon, users will be able to take advantage of both the speed and cost benefits of the Layer 2 solution while also accessing the advanced trading features of the DEX.

The Governance Proposal

The governance proposal for deploying Uniswap V3 on Polygon was submitted by the Polygon team on March 31st. The proposal calls for setting up a custom deployment of Uniswap V3 on Polygon zkEVM, which will allow users to trade assets with near-instant finality and low fees.
The proposal also outlines the technical requirements for implementing the deployment, including the deployment of smart contracts, integration of the Polygon Bridge, and testing of the deployment on testnet.
The proposal requires a minimum of 40 million votes in favor to be implemented. As of April 14th, Tally’s voting page indicates that the proposal has received full support.

Potential Benefits

Deploying Uniswap V3 on Polygon could offer significant benefits for both platforms. For Uniswap, it could allow for greater adoption and usage of the DEX by users who are deterred by the high gas fees on the Ethereum mainnet.
For Polygon, it could attract more users to the platform, who are interested in using the advanced trading features of Uniswap V3. It could also serve as a demonstration of the capabilities of the Layer 2 solution, potentially leading to more projects considering Polygon as a scaling solution.

Conclusion

The Uniswap V3 deployment proposal on Polygon zkEVM has received 100% support from the community. If implemented, it has the potential to provide significant benefits to both platforms. The integration of advanced trading features with near-instant finality and low fees could open up new opportunities for users and developers alike.

FAQs

Q1. What is Tally’s voting page?
A1. Tally is a blockchain governance platform that facilitates secure, transparent, and efficient on-chain voting.
Q2. What is Polygon zkEVM?
A2. Polygon zkEVM is a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to provide near-instant finality and low fees.
Q3. How will the Uniswap V3 deployment on Polygon benefit users?
A3. It will allow users to take advantage of both the speed and cost benefits of the Layer 2 solution while also accessing the advanced trading features of the DEX.