Uniswap will deploy on Polkadot parachain Moonbeam

The decentralized exchange gets a Polkadot version via the Moonbeam network.

The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near-unanimous support, with only a single UNI token being used to vote against it.

The smart contracts for the exchange have already been deployed to Moonbeam (GLMR), and the only tasks left to fully launch it are “front-end integration updates and including Moonbeam to the auto router,” the proposal stated.

Initial liquidity on the exchange may be low, as the proposal warns that “[d]ue to tumultuous market conditions, promises of liquidity bootstrapping have been temporarily excised.” However, it also states that Blockchain at Michigan is exploring the idea of applying for a Moonbeam grant to provide liquidity as soon as possible. If a grant is approved, it would be “on behalf of the DAO,” the proposal said, implying that funds would be held by Uniswap’s decentralized autonomous organization.

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