Uniswap Foundation’s Proposal for Cross-Chain Deployment and Creation of New Uniswap.eth Subdomains

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, 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 subdomains after the expiration of Commercial Source Code License (BSL). The proposal comes as a response to the need for official Uniswap deployments on various chains as well as to maintain the consistency of the governance process.

Background

Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade tokens without relying on a central authority. However, as the popularity of Uniswap grew, it became evident that there was a need for official deployments on various chains. At present, Uniswap V3 is only available on Ethereum mainnet, while V2 is available on several chains, including Binance Smart Chain, Polygon, and others.
To address this issue and provide security guarantees for users, the Uniswap Foundation has proposed creating official Uniswap V3 deployments for each chain after the BSL expires.

Proposal Details

According to Erin Koen, the Uniswap Foundation recommends creating a new ENS subdomain v3.deployments.uniswap.eth to track the official deployment of Uniswap V3 on L1 and L2. The subdomain will act as a reference point for tracking the deployment of Uniswap V3 as well as clarifying Uniswap governance.
Furthermore, the Uniswap Foundation has recommended creating new Uniswap.eth subdomains for each chain to avoid confusion and ensure a standardized naming scheme. For example, if Uniswap V3 were to be deployed on Binance Smart Chain, the new subdomain would be bsc.v3.uniswap.eth.

Benefits

The proposal has several benefits. First, it will provide users with a reference point to verify the legitimacy of Uniswap deployments and ensure that they are using the official version of the protocol.
Second, creating new subdomains for each deployment will standardize the naming scheme and avoid confusion between different chains. This will make it easier for users to find and use Uniswap on their preferred chain.
Lastly, the proposal will maintain the consistency of the governance process recommended after the BSL expires. This will ensure that Uniswap remains decentralized and community-driven, with transparent and secure governance.

Conclusion

The Uniswap Foundation’s proposal for cross-chain deployment and the creation of new Uniswap.eth subdomains is a crucial step towards providing users with secure and transparent decentralized exchanges on multiple chains. The proposal will ensure the integrity of Uniswaps governance process, diminish confusion between deployments on different chains and give users peace of mind when trading on Uniswap.

FAQ

1. What is Uniswap V3?
Uniswap V3 is the latest version of the Uniswap decentralized exchange protocol that was released in May 2021. It boasts of several features that give users more control over their trades.
2. What is the BSL License?
BSL is a commercial source code license that restricts further distribution of the software as commercial offerings. Uniswap Foundation received a lot of backlash from the developer community when it introduced BSL License in late March 2021.
3. What is a decentralized exchange (DEX)?
A decentralized exchange is a platform that operates on a blockchain network without the input of a central authority. Decentralized exchanges usually feature high security, transparency and are not subject to the control of authorities, which makes them unique when compared to centralized exchanges.