Uniswap Labs, the software development company behind the decentralized exchange (DEX) Uniswap, was served with a Wells Notice by the US Securities and Exchange Commission (SEC) on Wednesday, which could result in an Enforcement Action.
Amid these regulatory challenges, Uniswap Labs has partnered with Across, a cross-chain protocol, to propose a new standard for cross-chain intents.
Uniswap Labs And Across Collaboration
The joint proposal announced Thursday introduces a new standard for cross-chain intents that enables end-to-end interoperability between intent-based systems through a universal filler network.
Cross-chain intents involve transferring or interacting with assets and protocols across multiple blockchain platforms.
To initiate the process of creating an Ethereum Request for Comment (ERC) around this standard, Uniswap Labs and Across plan to present the standard to the CAKE Working Group for further discussion and review.
Furthermore, UniswapX, the upcoming project by Uniswap Labs focusing on cross-chain functionality, will be the first adopter of the new ERC. By integrating support for cross-chain functionality, UniswapX aims to improve the user experience and expand the scope of its services.
Intent-Based Systems
The Uniswap Labs team stated that cross-chain protocols have traditionally adopted various…
