Uniswap Foundation Proposes Governance Approach for Official Deployment after BSL Expiration

On March 31, according to official news, due to the expiration of the commercial source code license (BSL) for Uniswap v3 on April 1, 2023, the Uniswap Foundation proposed a Uniswap governance approach to determine the “official” Uniswap deployment on L1 and L2 after the expiration of the BSL on April 1, and is currently collecting feedback from the community to facilitate this process.

Uniswap Foundation: For BSL expiring tomorrow, it has proposed governance for “official” Uniswap deployments on L1 and L2

Uniswap, the popular decentralized exchange (DEX), is set to face a major transition in 2023. The Uniswap Foundation announced on March 31 that the commercial source code license (BSL) for Uniswap v3 would expire on April 1, 2023. With this expiration, the Foundation now faces the challenge of determining the “official” Uniswap deployment on L1 and L2.
To facilitate this process, the Foundation has proposed a governance approach, which is currently being reviewed and discussed by the Uniswap community. In this article, we will explore Uniswap’s BSL, the proposed governance approach, and how it will impact the Uniswap ecosystem.

Understanding Uniswap BSL

Before we dive into the proposed governance approach, let’s take a look at what the Uniswap BSL entails. BSL is a licensing model that allows users to access the source code of Uniswap v3 through a commercial license. Essentially, this licensing model is a hybrid of open-source and closed-source licensing, allowing for some code to be publicly available while other code is only available to commercial users.
With the expiration of the BSL on April 1, 2023, the entire source code of Uniswap v3 will be available to the public. This means that anyone can use and modify the code, which could potentially lead to the creation of a variety of unofficial forks or versions of Uniswap v3. As a result, the Uniswap Foundation has proposed a governance approach to ensure the official deployment of Uniswap v3 on L1 and L2.

The Proposed Governance Approach

The Uniswap Foundation has proposed a governance approach that seeks to determine the “official” deployment of Uniswap v3 on L1 and L2. This approach consists of three phases.

Phase 1: Feedback Collection

The community is being asked to provide feedback on the governance approach proposed by the Uniswap Foundation. The goal of this phase is to gather input from the community and incorporate it into the final governance approach.

Phase 2: Governance Polling

Once the feedback from the community has been collected and analyzed, the Uniswap Foundation will conduct governance polling to determine community-approved deployment configurations on L1 and L2.

Phase 3: Deployment

Once the community-approved deployment configurations have been selected, the Uniswap Foundation will deploy the official version of Uniswap v3 on L1 and L2.
It’s worth noting that the governance approach proposed by the Uniswap Foundation is not set in stone. The Uniswap community is encouraged to provide feedback and engage in the governance process to ensure a successful transition in 2023.

Impact on Uniswap Ecosystem

The expiration of the BSL and the proposed governance approach will undoubtedly impact the Uniswap ecosystem in various ways. Here are some potential scenarios that may arise.

Increase in Unofficial Forks

Once the BSL expires, anyone can access and modify the Uniswap v3 source code. This means that there could be an increase in unofficial forks or versions of Uniswap v3 that deviate from the official deployment on L1 and L2.

Fragmentation of Liquidity

The existence of unofficial forks or versions of Uniswap v3 could potentially fragment liquidity, leading to a less efficient and more complicated trading process.

Reinforcement of Governance

The proposed governance approach reinforces Uniswap’s commitment to community-driven governance. It ensures that the Uniswap community has a say in the deployment of Uniswap v3 on L1 and L2.

Conclusion

In summary, the expiration of the BSL for Uniswap v3 presents a unique challenge for the Uniswap Foundation. The proposed governance approach seeks to ensure the official deployment of Uniswap v3 on L1 and L2, while still allowing community input and feedback. The impact of the expiration of the BSL and the proposed governance approach remains to be seen, but it’s important for the Uniswap community to engage in the governance process to ensure a successful transition in 2023.

FAQs

1. What is Uniswap’s BSL?
Uniswap’s BSL is a licensing model that allows users to access the source code of Uniswap v3 through a commercial license.
2. What is the proposed governance approach by Uniswap Foundation?
The proposed governance approach by Uniswap Foundation is a three-phase process where the community will provide feedback, governance polling will be conducted, and the official deployment of Uniswap v3 on L1 and L2 will take place.
3. How will the expiration of BSL impact Uniswap ecosystem?
The expiration of BSL could potentially lead to an increase in unofficial forks, fragmentation of liquidity, and reinforces governance in the Uniswap ecosystem.
#