Decentralized change Uniswap is seemingly set to launch on the brand new zero-knowledge Ethereum Digital Machine (zkEVM) roll-up answer from scaling answer supplier Polygon.
Whereas Uniswap (UNI) tokenholders have till April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold wanted for the proposal to move has already been reached, with over 42.4 million votes recorded in favor of the combination.
All 191 Ethereum addresses voted in favor of the proposal, with monetary modeling platform Gauntlet and Ethereum infrastructure supplier ConsenSys main with over 7 million votes every, in accordance to Tally, a voting dashboard for decentralized finance initiatives.
The writer of the proposal, Polygon Enterprise Growth Lead Jack Melnick, argued that now’s the “proper second” to make Uniswap v3 obtainable on Polygon’s zkEVM as a result of it’s “EVM equal” — that means that there isn’t any have to recompile EVM good contracts:
“There’s important worth in Uniswap being obtainable on an EVM appropriate ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place because the primary DEX and a thought chief.”
The combination can even present validation and quick finality for off-chain transactions, stated Melnick.
As well as, the excessive degree of adoption that Polygon has managed to harness makes integrating on Polygon’s zkEVM a “precedence,” he defined.
As for what elements will make this deployment a growth or bust, Melnick pointed to a number of key on-chain metrics:
“A profitable zkEVM deployment will, in an natural and sustained method, develop Uniswap’s Whole Addressable Market throughout TVL, distinctive interacting pockets, volumes, and integration with accomplice dApps.”
“As demand for zk-blockchains and proximity to Ethereum rises, customers and builders will more and more look to zkEVM options to construct and commerce,” he added.
Melnick is assured the combination will pose “minimal dangers” not less than “relative” to different blockchains as a result of the Polygon zkEVM makes use of zero-knowledge proofs to inherit Ethereum’s safety.
The Polygon Bridge has been “disintermediated,” and knowledge will likely be sourced from “respected” oracle suppliers, Melnick added, which he expects will solely strengthen safety on the protocol degree.
Polygon’s zkEVM had its official mainnet launch on March 27.
Associated: Uniswap’s first governance vote fails… Regardless of 98% assist
In an identical transfer, Uniswap v3 built-in with the BNB Chain — a wise contract blockchain constructed by Binance — on March 15.
The governance vote wasn’t as stark although, with solely 65% voting in favor of the proposal.
United States enterprise capital agency Andreessen Horowitz (a16z) — the biggest UNI token holder — voted towards the BNB proposal with its 15 million UNI tokens.
Journal: ZK-rollups are ‘the endgame’ for scaling blockchains, Polygon Miden founder
