Popular decentralized exchange Uniswap has officially deployed its v3 on the Polygon network after the Uniswap community voted in favor of the move.
On December 21, Uniswap Labs announced plans to adopt polygon blockchain and deploy its Uniswap v3 smart contracts platform on the network, a month after Polygon submitted its proposal.
The proposal was voted upon by the Uniswap decentralized community. More than 72 million community members voted in favor of the move versus 503,009 against the deployment. With Polygon adoption, users can now swap tokens using its blockchain through Uniswap’s official interface.
As per reports by crypto media outlet Blockworks, Uniswap also plans to launch incentivizing schemes such as liquidity mining and yield farming on Polygon. A source familiar with the matter said:
“Uniswap is going to launch on Polygon with yield farming and on there the farming governance tokens will be MATIC. So they’ll pay for the liquidity mining when it launches, but you won’t get UNI tokens, you’ll get MATIC.”
Polygon is currently the 7th largest chain in terms of TVL. With Uniswap deployment news, Polygon soared to its All-time high of $ 2.66 on December 22.
