The Uniswap Foundation Proposes Cross Chain Deployment and New Uniswap Sub Domains After BSL Expiration

On April 7th, Erin Koen, the new governance director of the Uniswap Foundation, released a heat check proposal on cross chain deployment and the creation of new Uniswap. eth sub domains after the expiration of the Commercial Source Code License (BSL). Erin Koen stated that it would be beneficial to determine an official Uniswap V3 deployment for each chain after the BSL expires, in order to provide security guarantees for users and clarify Uniswap governance. In addition, in order to maintain consistency with the governance process recommended after the BSL expires, the Uniswap Foundation recommends creating a new ENS sub domain v3 deployments. uniswap.eth to track the official deployment of Uniswap v3 on L1 and L2. The deadline for this vote is April 14th at 06:29.

Uniswap Foundation serves as the governance director and issues a heat check proposal for cross chain deployment after the expiration of commercial source licenses

On April 7th, 2021, Erin Koen, the new governance director of the Uniswap Foundation, released a proposal regarding cross chain deployment and the creation of new Uniswap.eth sub domains after the expiration of the Commercial Source Code License (BSL).

Background Information

Uniswap is a decentralized trading protocol that enables users to swap ERC-20 tokens without an order book or an intermediary. It was launched in November 2018 and has since become one of the leading DeFi protocols on Ethereum. However, in 2020, the Uniswap team decided to switch to a commercial license, which caused some controversy among the community.
The BSL license allows the Uniswap team to charge a fee on Uniswap V3 trades made by market makers, while individual users can still trade for free. However, the license also limits the ability to create forks or modifications of the Uniswap code without permission from the team.

Cross Chain Deployment Proposal

Erin Koen proposed that Uniswap should determine an official Uniswap V3 deployment for each chain after the BSL expires, in order to provide security guarantees for users and clarify Uniswap governance. Currently, Uniswap V3 is only available on the Ethereum mainnet, but there is a growing demand to deploy it on other chains such as Binance Smart Chain or Polygon.
The proposal suggests that Uniswap should collaborate with other chains to ensure that Uniswap V3 is deployed with the same level of security and functionality across all chains. This would enable users to seamlessly move assets across different chains and access the same liquidity as they would on Ethereum.

Creation of New Uniswap.eth Sub Domains

In addition, to maintain consistency with the governance process recommended after the BSL expires, the Uniswap Foundation recommends creating a new ENS sub domain v3 deployments.uniswap.eth to track the official deployment of Uniswap V3 on L1 and L2. The purpose of this new sub domain is to provide users with a clear and easy way to identify the official deployment of Uniswap V3 on different chains.
The Uniswap Foundation proposes the creation of additional sub domains with suffixes such as .avax, .bsc, .polygon, and .sol for future Uniswap V3 deployments on other chains. This would help distinguish the official deployments from any unauthorized forks or modifications.

Vote Deadline

The proposal is currently up for a vote, and the deadline for this vote is April 14th at 06:29. The Uniswap community will decide whether to approve this proposal or not.
If approved, Uniswap will continue to expand its reach beyond Ethereum and provide users with more options to swap their assets in a decentralized manner. It would also establish a clear governance process and ensure that Uniswap remains secure and reliable across different chains.

Conclusion

The Uniswap Foundation’s proposal for cross chain deployment and the creation of new Uniswap.eth sub domains is an important step for the Uniswap protocol. By expanding its reach and ensuring clear governance, Uniswap will continue to be a leading DeFi protocol in the cryptocurrency space.

FAQs

Q1. What is the Commercial Source Code License (BSL)?
A1. The BSL is a license that allows the Uniswap team to charge a fee on Uniswap V3 trades made by market makers, while individual users can still trade for free. It also limits the ability to create forks or modifications of the Uniswap code without permission from the team.
Q2. What is Uniswap V3?
A2. Uniswap V3 is the latest version of the Uniswap protocol, launched in May 2021. It introduces several new features such as concentrated liquidity, multiple fee tiers, and range orders.
Q3. What is an ENS sub domain?
A3. An ENS sub domain is a domain that is owned by an Ethereum Name Service (ENS) registrar and is used to assign human-readable names to Ethereum addresses. It can be used to access various Ethereum services and dApps.