Decentralized exchange Uniswap is preparing to launch a new zero-knowledge Ethereum Virtual Machine (zkEVM) solution from scaling solution provider Polygon.
While Uniswap token holders have until 12:05 PM on April 14 to vote on the proposal to launch Uniswap v3 on zkEVM, the threshold of 40 million votes required for the proposal to pass has already been reached and more than 42.4 million votes in favor of integration have been registered. . According to Tally, a voting tool for decentralized finance projects, all 191 Ethereum addresses voted in favor of the proposal, with financial modeling platforms Gauntlet and ConsenSys topping each with more than 7 million votes.
Jack Melnick Informed About the Details
Polygon Business Development lead Jack Melnick, who was the architect of the proposal, argued that the time is right to make Uniswap V3 available in Polygon’s zkEVM because it is the EVM equivalent, so there is no need to recompile EVM smart contracts.
Melnick continued his words as follows: “The fact that Uniswap is available in an EVM-compatible zk-Rollup has significant value. Early deployment on zkEVM helps solidify Uniswap’s position as the number one DEX and a thought leader.”
Melnick said the integration will also provide verification and fast settlement for off-chain transactions. In addition, the high level of adoption Polygon has achieved makes integration into Polygon’s zkEVM a priority.
Melnick is confident that the integration will pose minimal risk, at least relative to other blockchains, as Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum’s security.
Polygon’s zkEVM made its official mainnet launch on March 27. In a similar move, Uniswap V3 integrated with BNB Chain, a smart contract blockchain built by Binance, on March 15.
However, the governance vote was not so definitive, with only 65 percent voting in favor of the proposal. The largest UNI Token holder, venture capital firm Andreessen Horowitz (a16z), voted against the BNB proposal with 15 million UNI tokens.
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