Three Uniswap governance members proposed deploying Uniswap v3 to Coinbase’s layer 2 community Base on Could 17.
Aiming for day one launch
These governance members — she256, Michigan Blockchain 1, and GFX Labs 3 — collectively introduced the proposal on Uniswap’s boards.
The proposal particularly goals to deploy Uniswap to Base on day one of many latter platform’s mainnet launch. The proposal should subsequent be authorised by way of an on-chain governance resolution, that means that UNI token holders should vote on the matter.
Coinbase has $80 billion of belongings beneath custody, whereas Uniswap has solely $4 billion in complete worth locked, in keeping with the proposal.
as well as, the proposal famous that Coinbase is including to Optimism’s codebase and that Base transactions will go towards the Optimism Collective treasury. Uniswap itself has been deployed on Optimism.
Base additionally working with different initiatives
Uniswap is the fifth largest DeFi platform by complete worth locked, with $4.06 billion of cryptocurrency locked at current.
Base has already attracted quite a few different notable crypto initiatives throughout its testnet section. A diagram shared by Uniswap means that Metamask, Chainlink, and Compound are among the many initiatives which are working with Base.
Nonetheless, Base has been criticized for its ties to Coinbase’s centralized firm and its potential compliance necessities.
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