- The exchange will start rolling out in about a month
- Uniswap promises multiple benefits over previous versions of the protocol
Uniswap Decentralized Exchange integrates Polkadot to its ecosystem through the Moonbeam Parachain. The decision to integrate came after a nearly unanimous vote. The deployment of the protocol version 3 to Polkadot will begin in about a month. The company promises a variety of benefits over previous versions, such as more efficient use of capital, a more flexible fee structure, and an improved user experience.
A Uniswap spokesperson wrote:
“Because UNI is always at the forefront of DeFi innovation, it has always been our intention to deploy Uniswap on Polkadot in some form or form or form.”
He also added that it was Moonbeam who took the initiative in 2022 to reach out to Polkadot and let them run Uniswap V3 smart contracts on the parachain. The proposal was accepted mainly for two reasons: Moonbeam has the highest DeFi activity in Polkadot, and the platform architecture is the most EVM-friendly.
After the FTX crash, users are wondering which exchanges are safer, decentralized or centralized. Unlike CEX, Uniswap does not interact with banks at all. Clients must have cryptocurrency in their accounts in order to use the exchange, this can complicate the work on the exchange. However, if DEXs lack ease of use, they give clients more control over their assets than CEXs.