Community votes to deploy Uniswap v3 on Boba Network

Members of the Uniswap assemblage voted successful favour of deploying Uniswap v3 connected Boba Network's layer-2 protocol connected Ethereum. 

Gaining implicit 51 cardinal votes, the connection submitted by Boba Foundation and FranklinDAO to deploy Uniswap v3 successful Boba Network passed. This means that the Boba Network volition beryllium the sixth concatenation to deploy Uniswap v3, with the deployment scheduled to proceed successful the coming weeks. The determination was backed by respective entities specified arsenic GFX Labs, Blockchain astatine Michigan, Gauntlet and ConsenSys.

According to Alan Chiu, the co-founder and CEO of Enya Labs, a halfway contributor to Boba Network, the determination volition alteration developers wrong the ecosystem to make a caller procreation of connected and off-chain decentralized concern (DeFi) applications connected apical of Uniswap. Chiu explained that:

“While the Uniswap protocol volition stay permissionless, developers volition beryllium capable to physique a compliant furniture atop of it that leverages Hybrid Compute to pat existing, TradFi-friendly KYC/AML services.”

As a effect of this, Chiu noted that the decentralized speech volition beryllium much accessible to the broader organization market. In addition, the Boba Network squad besides believes that this opens an accidental for Uniswap to grow into the cardinal Asian markets, highlighting that Boba Network gained a batch of traction successful South Korea and is dilatory expanding to Japan.

Related: Wormhole wins 2nd ‘temp check’ to go span for Uniswap governance

Meanwhile, successful a caller fireside chat, Aave laminitis Stani Kulechov spoke with Cointelegraph’s managing exertion Alex Cohen to sermon DeFi adoption. According to Kulechov, much adoption of payments and stablecoins could pb to much maturation successful the DeFi space. The Aave laminitis highlighted that onboarding users successful stablecoins enactment them successful a presumption wherever DeFi tin yet beryllium introduced.

In different news, a DappRadar study revealed that DeFi is disconnected to a bully commencement successful 2023. Data from the statistic tract highlighted that DeFi protocols saw important growth successful their full worth locked successful January.