Uniswap v3 Now Available on Bitcoin Scaling Protocol Rootstock
The popular Ethereum-based automated market maker (AMM), Uniswap, has launched its version 3 (v3) on the Rootstock blockchain protocol. This deployment was carried out by the GFX Labs team, the development hub of the trading platform Oku. With this launch, smart contract-powered transactions can now be executed on the world’s largest blockchain protocol, expanding the use cases of decentralized finance (DeFi). Rootstock operates as a layer-2 scaling solution on the Bitcoin network and is compatible with all Ethereum Virtual Machine (EVM) powered decentralized applications (dApps). Users can tap into liquidity using the wrapped version of Bitcoin known as smart BTC (RBTC).
Uniswap Collaborates with Rootstock to Enhance Token Swaps and Yield Opportunities
The collaboration between Uniswap and Rootstock introduces new possibilities for on-chain token swaps, liquidity depth, and yield opportunities. The deployment of Rootstock on various Ethereum-powered networks, including Polygon, Arbitrum, and Optimism, allows for seamless integration and increased accessibility. Additionally, Uniswap has expanded its deployments to include other networks such as BNB Smart Chain and Coinbase’s Base network. This partnership aims to enhance the decentralized economy and provide users with more options for trading and earning on the DeFi platform.
Uniswap Launches Mobile App for Easy ERC-20 Token Exchange
Uniswap has launched a mobile app that serves as a crypto wallet, enabling users to exchange ERC-20 tokens seamlessly. The app supports multiple languages and currencies, catering to a diverse global audience and promoting widespread crypto adoption. Users can now trade their preferred digital tokens while on the go, further solidifying Uniswap’s position as a leading decentralized exchange in the crypto landscape. The Trustless Market, developed by a team of developers, also allows for direct swapping of BRC-20 tokens on the Bitcoin network, expanding the platform’s offerings beyond desktop token swapping.
Hot Take: Uniswap Expands Its Reach and Functionality with Rootstock Integration
The integration of Uniswap v3 with the Rootstock blockchain protocol marks an important milestone in the world of decentralized finance. By leveraging Rootstock’s layer-2 scaling solution on the Bitcoin network, Uniswap now offers enhanced token swaps, liquidity depth, and yield opportunities. This collaboration expands the use cases of the DeFi ecosystem and further establishes Uniswap as a leader in the industry. Additionally, Uniswap’s launch of a mobile app brings greater accessibility and convenience to users, allowing them to exchange ERC-20 tokens on the go. With these developments, Uniswap continues to innovate and drive adoption in the crypto space.
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