The governance proposal to deploy Uniswap v3 Uniswap contracts over the Polygon PoS Chain was approved by the Uniswap community. This approval was made through an on-chain vote, which saw participation from more than 72.6 million members of the community.
Uniswap Labs announced that it will deploy Uniswap v3 contract based on votes that reflected more than 99.3% approval consensus. The fund, which is $20 million in size, will support $15 million long-term liquidity mining campaign as well as $5 million to promote Uniswap on Polygon.
The Uniswap community voted to deploy v3 via @0xPolygon during the governance process. Within a few days, Uniswap Labs is going to deploy Uniswap v3 contract. Keep checking back. pic.twitter.com/LwVLwEngPl
— Uniswap Labs, December 18, 2021 (@Uniswap).
The proposal was published on Nov. 20 by Polygon CEO Mihailo Bjelic and was available for voting until Dec. 18. It argued that “deploying to Polygon PoS could bring a lot of advantages” such as increased user activity, massive savings for users and higher revenue.
Bjelic published a series of consensus and temperature tests to determine the community sentiment behind the deployment Uniswap v3 before the on-chain vote for the governance proposal UP010.
“The consensus check 17 passed with 44M votes (98.87%) and 500k votes (1.13%) no votes. Temperature check 7 passed with 7.79M YES votes (100%) and 101 (0%), NO votes.
Related: Reddit cofounder Polygon launches $200M Web 3.0 social media platform
Polygon is determined to compete against the Ethereum ecosystem and announced a $200 million partnership with Seven Seven Six Venture Capital, owned by Alexis Ohanian, Reddit cofounder.
According to Cointelegraph, the initiative will support and host gaming applications as well as social media platforms that are built on Polygon’s infrastructure. Polygon’s explosive growth in 2018 was supported by over 3,000 decentralized, on-chain applications as well as other protocol launches and cross chain migrations.
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