Uniswap proposal to launch on Polygon zkEVM is set to pass
April 13. 2023
By Brayden Lindrea
All 191 UNI token holders voted in favor of the proposal to launch the DEX on Polygon's zkEVM.
Decentralized exchange Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon.
While Uniswap (UNI $6.35) tokenholders have until April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass has already been reached, with over 42.4 million votes recorded in favor of the integration.
All 191 Ethereum addresses voted in favor of the proposal, with financial modeling platform Gauntlet and Ethereum infrastructure provider ConsenSys leading with over 7 million votes each, according to Tally, a voting dashboard for decentralized finance projects.
The author of the proposal, Polygon Business Development Lead Jack Melnick, argued that now is the “right moment” to make Uniswap v3 available on Polygon’s zkEVM because it is “EVM equivalent” — meaning that there is no need to recompile EVM smart contracts:
“There’s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place as the number one DEX and a thought leader.”
The integration will also provide validation and fast finality for off-chain transactions, said Melnick.
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