Uniswap v3 will deploy contracts on Polygon (Side chain of the Ethereum blockchain), and the community has approved a governance proposal that sought deployment of the contract. The vote saw participation by over 72.6 million community users of the Polygon platform.
Uniswap announced that it will support the deployment of Uniswap contracts based on the consensus from the community vote. This was done to provide liquidity for the network as well as increase adoption of Polygon as L2 solution. The $15 million long term liquidity mining program aims to further increase Uniswap adoption and liquidity throughout the network.
The proposal was published by Polygon CEO Mihailo Bjelic on November 20th, and it was open for voting until December 18th. He stated: “deploying to Polygon PoS can bring a lot of benefits” such as user base growth, huge savings for users, higher user activity, higher revenue, market capture and return to the original DeFi vision”
Polygon explosive growth this year was supported by the launch of over 3,000 decentralized on-chain applications and other protocol launches and cross-chain migrations.
Integration with Polygon will lead to better, faster transactions and way cheaper gas fees on Uniswap DEX platform.