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Uniswap DAO Revolutionizes Decentralized Trading With Polygon | Crypto Calendar News

Uniswap DAO Revolutionizes Decentralized Trading With Polygon zkEVM Upgrade

Uniswap
DAO has approved a governance proposal to deploy Uniswap’s version 3 (or v3) decentralized exchange on Polygon zkEVM. Polygon zkEVM is a new ZK-Rollup solution that is compatible with the Ethereum ecosystem. This move is significant as it continues the trend of popular Ethereum apps expanding to the new wave of ZK-Rollups that have recently launched, indicating that Ethereum is growing in its ability to offer its main features at scale.

The proposal was initiated by Polygon Labs, the core team behind the development of the Polygon zkEVM. The proposal passed with over 42.4 million votes in support and nil against. This comes after Ethereum’s top lending protocol Aave had previously passed a governance proposal to release its v3 platform on Polygon zkEVM mainnet in a temperature-check phase. The approval of this proposal is a significant milestone for both Uniswap and Polygon. Uniswap v3 is a decentralized exchange (DEX) protocol that enables users to swap tokens. It is one of the most widely used decentralized finance (DeFi) applications within the Ethereum ecosystem. After the approved proposal is executed.

Source

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