Uniswap proposal to launch on Polygon zkEVM is set to pass

Decentralized speech (DEX) Uniswap is seemingly acceptable to motorboat connected the caller zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution supplier Polygon.

While Uniswap (UNI) token holders person until April 14 astatine 9:05 p.m. UTC to vote connected the connection to motorboat Uniswap v3 connected the zkEVM, the 40 cardinal ballot threshold needed for the connection to walk it has already been reached — with implicit 42.4 cardinal votes recorded successful favour of the integration.

All 191 Ethereum addresses voted successful favour of the connection with fiscal modeling level Gauntlet and Ethereum infrastructure supplier ConsenSys starring the voting tally with implicit 7 cardinal votes each according to Tally, a voting dashboard for decentralized concern projects:

Top votes successful favour of integrating Uniswap v3 connected Polygon zkEVM. Source: Tally

The writer of the proposal, Polygon Business Development Lead Jack Melnick, explained that present is the “right moment” to marque Uniswap v3 disposable connected Polygon’s zkEVM due to the fact that it is “EVM equivalent” — meaning that determination is nary request to recompile EVM astute contracts:

“There’s important worth successful Uniswap being disposable connected an EVM compatible ZK rollup. Deploying aboriginal connected zkEVM helps solidify Uniswap’s spot arsenic the fig 1 DEX and a thought leader.”

The integration volition besides supply validation and accelerated finality of off-chain transactions, said Melnick.

In addition, the precocious level of adoption that Polygon has managed to harness makes integrating connected Polygon’s zkEVM a “priority,” helium explained.

As for what factors volition marque this deployment a roar oregon bust, Melnick pointed to respective cardinal on-chain metrics:

“A palmy zkEVM deployment will, successful an integrated and sustained manner, turn Uniswap’s Total Addressable Market crossed TVL, unsocial interacting wallet, volumes, and integration with spouse dApps.”

“As request for zk-blockchains and proximity to Ethereum rises, users and builders volition progressively look to zkEVM solutions to physique and trade,” helium added.

Melnick is assured the integration volition airs “minimal risks” astatine slightest “relative” to different blockchains due to the fact that the Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum’s security.

The Polygon Bridge has been “disintermediated” and information volition beryllium sourced from “reputable” Oracle providers, Melnick added, which helium expects volition lone fortify information astatine the protocol level.

Polygon’s zkEVM had its official mainnet launch connected March 27.

Related: Uniswap’s archetypal governance ballot fails... Despite 98% enactment

In a akin move, Uniswap v3 integrated with the BNB Chain — a astute declaration blockchain built by Binance — connected March 15.

The governance ballot wasn’t arsenic stark though, arsenic lone 65% voted successful favour of the proposal.

United States task superior steadfast Andreessen Horowitz (a16z) — the largest UNI token holder — voted against the BNB connection with its 15 cardinal UNI tokens.

Magazine: ZK-rollups are ‘the endgame’ for scaling blockchains, Polygon Miden founder