Uniswap Community Votes in Support of Cross-Chain Deployment and New Uniswap ETH Subdomains

On April 14th, it was reported that the Uniswap community’s temperature check vote on the proposal for “Cross chain deployment and creation of new Uniswap. eth subdomains after the expiration of a commercial source code license (BSL)” has ended and has been approved with 100% support.

The temperature check vote for Uniswap on “Cross chain deployment and creation of new Uniswap. eth subdomains after BSL expiration” has been passed

Introduction

On April 14th, the Uniswap community conducted a temperature check vote regarding the proposal for “Cross chain deployment and creation of new Uniswap. eth subdomains after the expiration of a commercial source code license (BSL).” The vote has since ended and the outcome is in – the proposal has been approved with 100% support from the community.

What is Uniswap?

Before delving into the specifics of the community’s vote, it’s important to cover the basics of Uniswap. Uniswap is an automated market maker (AMM) on the Ethereum blockchain that enables individuals to easily exchange ERC-20 tokens without the need for order books or an intermediary. Uniswap has emerged as one of the most popular decentralized exchanges (DEX) with a market share of over 50%.

What is the Proposal for Cross-Chain Deployment and New Uniswap ETH Subdomains?

The proposal at hand addresses the expiration of a commercial source code license called the Business Source License (BSL). The license requires those who wish to use Uniswap’s codebase to disclose the source code for any derivative works created within a year of use. This clause has led to concerns that Uniswap’s codebase may become less accessible and less flexible for developers.
The proposal suggests that Uniswap should explore solutions that would allow for cross-chain deployment, which would essentially mean that Uniswap’s liquidity pools could be accessible on various blockchains. The proposal also suggests creating new ETH subdomains to ensure that Uniswap can remain accessible and flexible for developers, even after the expiration of the BSL.

Why is Cross-Chain Deployment Important?

Cross-chain deployment would enable Uniswap to reach a wider audience by allowing liquidity to flow between various blockchains. This would also allow for greater flexibility for users, as they could choose the blockchain that best suits their needs. Additionally, cross-chain deployment could improve the overall security and decentralization of Uniswap as it would not be limited to just one blockchain.

What Does the Approval of the Proposal Mean for Uniswap and the Community?

The approval of the proposal means that the Uniswap community is in favor of exploring solutions that would allow for cross-chain deployment and the creation of new ETH subdomains. This outcome not only shows the community’s support for greater accessibility and flexibility within Uniswap, but it also highlights the strength of the Uniswap community in actively participating and shaping the future of the platform.

Conclusion

The Uniswap community’s approval of the proposal for cross-chain deployment and the creation of new ETH subdomains is a significant step towards a more accessible and flexible Uniswap. It’s important to note that while the proposal has been approved, the specifics of its implementation have yet to be hashed out. However, this outcome shows that the Uniswap community is forward-thinking and actively engaged in shaping the future of decentralized finance (DeFi).

FAQs

1. What is the Business Source License (BSL)?
The Business Source License (BSL) is a commercial source code license that requires those who wish to use Uniswap’s codebase to disclose the source code for any derivative works created within a year of use.
2. What are the benefits of cross-chain deployment for Uniswap?
Cross-chain deployment would allow for greater accessibility and flexibility for Uniswap users by enabling liquidity to flow between various blockchains. It would also improve the overall security and decentralization of Uniswap as it would not be limited to just one blockchain.
3. What does the approval of the proposal mean for the Uniswap community?
The approval of the proposal shows that the Uniswap community is in favor of exploring solutions that would create a more accessible and flexible Uniswap. This outcome highlights the strength of the Uniswap community in actively participating and shaping the future of the platform.