Uniswap DAO Votes for Boba Network Deployment, Expanding its Community

Uniswap v3 Deployment on Boba Network

• Uniswap Community Votes in Favor of Boba Network Deployment: The Uniswap community voted overwhelmingly in favor of deploying Version 3 (v3) of the decentralized exchange on Boba Network, a separate blockchain that works atop Ethereum.
• Benefits for Both Platforms: With its deployment on Boba Network, Uniswap has the opportunity to expand its community to include the users within Boba’s multichain ecosystem, significantly increasing both its total value locked and its transaction volume.
• Boba Foundation Committed $1 Million Worth of BOBA Tokens: The Boba Foundation told CoinDesk that it had committed to $1 million worth of BOBA tokens to foster the adoption of Uniswap v3 on the Boba Network. These tokens will be sent to a multisig wallet co-owned by the Uniswap Grants Program and the Boba Foundation.

Uniswap Community Vote

The Uniswap community voted overwhelmingly in favor of deploying Version 3 (v3) of the decentralized exchange on Boba Network, a separate blockchain that works atop Ethereum. Over 51 million UNI were staked for the vote with support from FranklinDAO and Ethereum development and investment lab ConsenSys.

Benefits for Both Platforms

With its deployment on Boba Network, Uniswap has the opportunity to expand its community to include those within Boba’s multichain ecosystem, significantly increasing both its total value locked and transaction volume. As of Tuesday, Boba Network holds over $4.5 million in locked value.

Boba Foundation’s Commitment

The Boba Foundation told CoinDesk that it had committed to $1 million worth of BOBA tokens to foster adoption of Uniswap v3 on their network. These funds are allocated towards various projects aiming to boost adoption on their platform and will be distributed by a multi-signature wallet owned by both parties involved – The Uniswap Grants Program and the Boba Foundation itself.

Conclusion

The recent favorable vote from Uniswaps’community is set to have major implications for both platforms as they look forward into their futures; offering increased utility for users on both sides while also providing additional financial opportunities for projects utilizing either platform through active partnership initiatives such as this one between The Boba Foundation and The Unswaps Grants Program .