It seems Uniswap is now officially a multichain protocol with over $120mil TVL locked in v3 LPs across L2s (Optimism & Arbitrum) and Polygon PoS chains, curios if this means that community will decide to adopt approach of my other DeFi protocols out there of deploying to various L1s and rollups and leave the markets to decide which one will succeed in the long term.
Governance
Interesting governance proposal to use v3 licence by the Voltz team
Onchain vote to deploy on Polygon was successful with a total 75 address votes, with 72.13mil UNI (99.31%) for and 503.1k against, and Labs team have already deployed contracts to the Polygon.
Updates
Labs team have released auto router update (v2) featuring real-time gas costs, L2 support, best prices across both v2 and v3 pools, and developers can also consume thru a npm package. It introduced along with UI improvements, which were discussed by community and the labs design team on discord, where we voted for preferred options.
Great explanation video by finematics.eth on how the perp’s v2 uses Uniswap LP’s to enable trading of perpetuals (supports ETH and BTC markets) on Optimism. imho this (dapps variety) is the only way for scaling solution to gain user adoption.
More on leverage gearbox.fi have launched on mainnet, enable leverage trading on DeFi, one of the initial protocol supports is Uniswap v2 and v3 (successfully voted by the DAO), meaning you can now trade with leverage, I presume it also supports opening a LP, but would need to research that a bit further.
There is also adoption of direct onramp solutions to L2’s, i.e Transak have added support for Optimism and Arbitrum.
Reads
If you are using visor.finance for active liquidity management, beware they have been recently exploited, one of their contracts allowed an infinite mint of rewards, resulting in 8.8mil VISR withdrawal, no user funds are at risk it seems, not sure about the reputation and price thou, but there is a new VISR token so check if you need to take further actions.
Events
Community Call #17 will be held today, Wednesday December 29th 16:00 EST on discord reviewing year of the 2021
Edition #9 Project
I love clean and precise explanations videos for the space by finematics.eth, always learn something new wether chain scaling or protocol insights, and share these with my non web3 curios friends, thanks finematics.eth for the fine work, really appreciate it 💜
Thank you for reading, stay safe and wish you a nice 2022 🎉🎄
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