• Uniswap token holders voted unanimously to deploy Uniswap on Polygon zkEVM.
• The deployment will be a way for UNI token holders to vote on upgrades and changes in the protocol.
• This move is expected to benefit both Uniswap and Polygon users, as it will reduce transaction fees and increase security.
Uniswap Token Holders Vote to Deploy on Polygon zkEVM
Uni token holders have voted unanimously to deploy Uniswap on Polygon zkEVM. This move is being seen as an upgrade of the existing protocol which will allow UNI token holders to vote on upgrades and changes in the platform.
Benefits of Deployment
The deployment of Uniswap on Polygon zkEVM is expected to bring a number of benefits for both users of the platform. By reducing transaction fees and increasing security, this move should prove beneficial for all parties involved. Additionally, it could potentially lead to further adoption of DeFi protocols due to the increased scalability offered by zk-rollups technology.
What Is Polygon?
Polygon is an Ethereum scaling solution that allows developers to build decentralized applications (dApps) with high throughputs and low costs. It also supports layer-2 solutions such as Plasma Cash, Optimistic Rollups, ZK-Rollups, Validium etc., allowing developers and users alike access more secure and cost-effective services than what is available through Ethereum itself.
What Is Uniswap?
Uniswap is a decentralised exchange protocol developed by Hayden Adams which enables users to trade tokens directly with each other without any third party intermediaries or middlemen taking a cut from trades or transactions conducted using the platform. It has become one of the most popular platforms used in DeFi due its ease of use and its ability to support custom tokens with liquidity pools that can be filled by anyone who holds them while still maintaining full control over their funds at all times.
By deploying Uniswap onto Polygon’s zk-rollups technology, UNI token holders are able to benefit from lower transaction fees as well as increased security when trading or transacting with each other via the platform. This should result in greater adoption of DeFi protocols which rely on these technologies for their functioning going forward into future developments within this space.