Unanimous Support from Token Holders
All 191 UNI token holders voted in favor of the proposal to launch the decentralized exchange (DEX) on Polygon’s zkEVM. Over 42.4 million votes have been recorded in support of the integration, surpassing the 40 million vote threshold needed for the proposal to pass. Financial modeling platform Gauntlet and Ethereum infrastructure provider ConsenSys led the vote with over 7 million votes each.
The Right Moment for Integration
Polygon Business Development Lead Jack Melnick believes that now is the “right moment” to make Uniswap v3 available on Polygon’s zkEVM. Melnick emphasized the importance of deploying early on zkEVM to solidify Uniswap’s position as the leading DEX and a thought leader in the industry.
Benefits of Integration
The integration will provide validation and fast finality for off-chain transactions, while also increasing Uniswap’s Total Addressable Market across key on-chain metrics, such as total value locked (TVL), unique interacting wallets, volumes, and integration with partner dApps.
Minimal Risks and Enhanced Security
Melnick is confident that the integration will pose “minimal risks” as the Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum’s security. With the disintermediation of the Polygon Bridge and data sourced from reputable oracle providers, security at the protocol level is expected to be strengthened.
Recent Developments and Past Votes
Polygon’s zkEVM had its official mainnet launch on March 27. In a similar move, Uniswap v3 integrated with the BNB Chain on March 15. However, the governance vote for the BNB Chain integration was less decisive, with only 65% voting in favor of the proposal.
The overwhelming support for Uniswap’s proposal to launch on Polygon’s zkEVM demonstrates the growing demand for efficient and secure scaling solutions in the decentralized finance ecosystem. With faster transactions, enhanced security, and increased market reach, this integration is expected to solidify Uniswap’s position as the leading DEX and promote further adoption of zkEVM technology. As the DeFi landscape continues to evolve, it will be interesting to observe how Uniswap and other projects leverage these advanced scaling solutions to drive innovation and meet the needs of their users.