Conflux Initiates Proposal to Deploy Uniswap V3 on Conflux Network

04/07/2023 14:20 • Blockchain Briefs • 78 views

On April 7th, Conflux launched a proposal to deploy Uniswap V3 on the Conflux Network in the Uniswap community to introduce Web2 users to DeFi, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem. The proposal believes that the cooperation between Conflux, Xiaohongshu, and China Telecom has led to a large influx of Web2 users, and Uniswap can increase the amount of working capital and provide new trading opportunities for users by deploying on Conflux. The proposal states that after the on chain voting, the Conflux Foundation can deploy Uniswap V3 on Conflux eSpace, with an estimated time of five weeks; Subsequently, a snapshot vote will be conducted to determine the cross chain bridge solution, and Multichain will be a possible solution.

Conflux Initiates Proposal to Deploy Uniswap V3 on Conflux Network

1. Introduction: Briefly introduce Conflux’s proposal to deploy Uniswap V3 on the Conflux Network.
2. The Benefits of the Proposal: Discuss the reasons why Conflux believes that deploying Uniswap V3 on the Conflux Network will be advantageous, including introducing Web2 users to DeFi, increasing penetration in the Asian market, and entering the rapidly expanding Conflux ecosystem.
3. The Role of Conflux, Xiaohongshu, and China Telecom: Discuss the key players involved in the proposal and how their cooperation has led to a large influx of Web2 users.
4. Details of the Proposal: Provide details of how the proposal will be executed, including a timeline of five weeks for the Conflux Foundation to deploy Uniswap V3 on Conflux eSpace and a subsequent snapshot vote to determine the cross chain bridge solution.
5. Conclusion: Summarize the main points of the article and emphasize the potential benefits of deploying Uniswap V3 on the Conflux Network.
# On April 7th, Conflux Launches Proposal to Deploy Uniswap V3 on the Conflux Network
On April 7th, Conflux announced its proposal to deploy Uniswap V3 on the Conflux Network in the Uniswap community, with the goal of introducing Web2 users to DeFi, increasing penetration in the Asian market, and entering the rapidly expanding Conflux ecosystem.

The Benefits of the Proposal

Deploying Uniswap V3 on the Conflux Network offers several potential benefits. First, it can introduce Web2 users to DeFi, providing them with access to new and innovative financial services. By deploying on Conflux, Uniswap can also increase the amount of working capital and provide new trading opportunities for users.
Furthermore, deploying Uniswap V3 on the Conflux Network allows Uniswap to increase its penetration in the Asian market. Conflux has already established partnerships with key players in the region, including Xiaohongshu and China Telecom, which have led to a large influx of Web2 users.
Lastly, deploying on Conflux allows Uniswap to enter a rapidly expanding ecosystem. Conflux has been making inroads in the blockchain space, and deploying Uniswap on its network can help attract new users and developers to the platform.

The Role of Conflux, Xiaohongshu, and China Telecom

Conflux has partnered with Xiaohongshu and China Telecom to bring more Web2 users to the blockchain space. Xiaohongshu is a popular social e-commerce platform in China with over 300 million registered users, and China Telecom is one of the largest mobile service providers in the country. By leveraging their networks, Conflux has been able to attract a large influx of new users to its platform.

Details of the Proposal

After the on-chain voting, the Conflux Foundation can deploy Uniswap V3 on Conflux eSpace, with an estimated time of five weeks. Subsequently, a snapshot vote will be conducted to determine the cross-chain bridge solution, and Multichain will be a possible solution.

Conclusion

In conclusion, Conflux’s proposal to deploy Uniswap V3 on the Conflux Network has the potential to bring in new Web2 users to DeFi, increase Uniswap’s penetration in the Asian market, and help Conflux expand its ecosystem. By leveraging its partnerships with Xiaohongshu and China Telecom, Conflux has the potential to attract a large influx of new users to its platform.

FAQs

1. What is Conflux?
Conflux is a public blockchain platform that enables decentralized applications (dApps) to be built using smart contracts.
2. How does deploying Uniswap V3 on the Conflux Network benefit Web2 users?
Deploying Uniswap V3 on the Conflux Network can provide Web2 users with access to new and innovative financial services and increase the amount of working capital available for trading.
3. What is the estimated timeline for deploying Uniswap V3 on Conflux?
The estimated timeline for deploying Uniswap V3 on Conflux eSpace is five weeks.

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