The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near-unanimous support, with only a single UNI token being used to vote against it.
1/ @Uniswap – the most popular decentralized exchange by daily traded volume – is coming to Polkadot via the @MoonbeamNetwork parachain, increasing volume & liquidity across the ecosystem! pic.twitter.com/lKaceLv6ce
— Polkadot (@Polkadot) May 17, 2023
The smart contracts for the exchange have already been deployed to Moonbeam (GLMR), and the only tasks left to fully launch it are “front-end integration updates and including Moonbeam to the auto router,” the proposal stated.
Initial liquidity on the exchange may be low, as the proposal warns that “[d]ue to tumultuous market conditions, promises of liquidity bootstrapping have been temporarily excised.” However, it also states that Blockchain at Michigan is exploring the idea of applying for a Moonbeam grant to provide liquidity as soon as possible. If a grant is approved, it would be “on behalf of the DAO,” the proposal said, implying that funds would be…
