BlocksInform
The uniswap community voted for the deployment of uniswap v3 on the layer 2 protocol of the boba network over ethereum.
Gaining over 51 million votes, the proposal submitted by Boba Foundation and FranklinDAO to deploy Uniswap v3 on Boba Network passed. This means that the boba network will be the sixth channel to be deployed uniswap v3, with deployment planned within the next few weeks. The movement has been supported by several entities, such as gfx labs, Michigan blockchain, glove and consequential.
In Alan Chiu's opinion, co-founder and ceo of enya labs — a core contributor to boba network — the move will enable developers within the ecosystem to create a new generation of on- and off-chain decentralized finance (defi) applications on top of uniswap. Chiu explained:
“While the Uniswap protocol will remain permissionless, developers will be able to build a compliant layer atop of it that leverages Hybrid Compute to tap existing, TradFi-friendly KYC/AML services.”
Chiu therefore pointed out that decentralised exchange will be more accessible to the wider institutional market. In addition, The boba team also sees this as paving the way for the expansion of uniswap in key Asian markets, Stressing that the boba network has gained much ground in South Korea and is slowly spreading into Japan.
Related: Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
During this time, during a recent informal conversation, Aave founder Stani Kulechov spoke with Cointelegraph editor Alex Cohen to discuss the adoption of the challenge. According to Kulechov, more adoption of payments and stablecoins could lead to more growth in the DeFi space. The founder of aave has emphasized that the integration of users on stablecoins places them in a position where defi can finally be presented.
In other news, a dappradar report revealed that the challenge is well on its way to 2023. Data from the statistics site highlighted that DeFi protocols saw significant growth in their total value locked in January.
