• Uniswap, the world’s largest decentralized exchange, is launching a version of its platform on Polkadot’s Moonbeam parachain.
• The proposal was passed near-unanimously and smart contracts have been deployed.
• Polkadot provides high performance, scalability, security and interoperability to Uniswap users.
Uniswap Coming to Polkadot
The decentralized exchange Uniswap will soon be available on Moonbeam, a parachain of Polkadot, according to an approved proposal on the governance forum. The smart contracts for the exchange have already been deployed to Moonbeam (GLMR).
Proposal Vote Results
The proposal was put forward by educational group Blockchain at Michigan and passed with near-unanimous support from UNI token holders. The only task left to fully launch it are “front-end integration updates and including Moonbeam to the auto router,” according to the proposal.
Initial liquidity on the exchange may be low as the market conditions are tumultuous. However, Blockchain at Michigan is exploring applying for a Moonbeam grant in order to provide liquidity as soon as possible on behalf of the DAO.
According to Omar Elassar from Parity Technologies, Polkadot is a strong fit for Uniswap due its high performance, scalability, security and interoperability that it offers users.
Moonbeam is specifically focused on providing a developer environment similar to Ethereum’s in order for developers to easily port their apps over into the Polkadot ecosystem. Chainlink also integrates with Moonbeam in order for price data related services in connection with Polkadot projects.