Uniswap governance members seek to launch on Base, Coinbase’s layer 2

2 years ago

Three Uniswap governance members projected deploying Uniswap v3 to Coinbase’s furniture 2 web Base connected May 17.

Aiming for time 1 launch

Those governance members — she256, Michigan Blockchain 1, and GFX Labs 3 — collectively announced the connection connected Uniswap’s forums.

The connection specifically aims to deploy Uniswap to Base connected time 1 of the second platform’s mainnet launch. The connection indispensable adjacent beryllium approved done an on-chain governance decision, meaning that UNI token holders indispensable ballot connected the matter.

Coinbase has $80 cardinal of assets nether custody, portion Uniswap has lone $4 cardinal successful full worth locked, according to the proposal.

in addition, the connection noted that Coinbase is adding to Optimism’s codebase and that Base transactions volition spell toward the Optimism Collective treasury. Uniswap itself has been deployed connected Optimism.

Base besides moving with different projects

Uniswap is the 5th largest DeFi level by full worth locked, with $4.06 cardinal of cryptocurrency locked astatine present.

Base has already attracted galore different notable crypto projects during its testnet phase. A diagram shared by Uniswap suggests that Metamask, Chainlink, and Compound are among the projects that are moving with Base.

However, Base has been criticized for its ties to Coinbase’s centralized institution and its potential compliance requirements.

The station Uniswap governance members question to motorboat connected Base, Coinbase’s furniture 2 appeared archetypal connected CryptoSlate.

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