This proposal proposes deploying Uniswap v3 on X Layer. GFX Labs is sponsoring this proposal on behalf of X Layer.
X Layer is a zkEVM Layer 2 network built on Ethereum, powered by Polygon CDK, a zkEVM stack for building Ethereum L2 scaling solutions. Developers can easily deploy their existing contracts on zkEVM, and users can move their assets from Ethereum and conduct transactions off-chain. These transactions are bundled into groups with zero-knowledge proofs to verify their validity.
Deploying an instance of Uniswap v3 on X Layer provides numerous opportunities for Uniswap to gain millions of new users from the OKX ecosystem which comprises of approximately 50m. This deployment will be a win-win for both parties as it provides Uniswap with a new user base and revenue stream and X Layer the chance to offer its users access to a battle tested DeFi primitive, which is Uniswap v3.
Boundless scalability: 100% EVM compatibility and easy-to-use developer tools for deployment.
X Layer is Powered by OKX: seamless integration to all OKX products, all-in-one Web3 gateway, and access to 50M+ users in the OKX ecosystem.
Security: rely on robust secure mechanisms from Ethereum, with trustless interoperability.
Low fee: same coding experience as Ethereum but 100x cheaper.
Portal to Web3: enter the world of Web3 via OKX Wallet, built with compact infrastructure modules to create innovative DApps.
The following list of stakeholders is present to transparently communicate which entities and individuals are involved in proposal creation and implementation.
This entity is responsible for authoring the proposal & managing the governance process
This entity is responsible for the technical deployment of the contracts on the target chain
The initial frontend where users can interact with the new Uniswap v3 deployment
Note: Oku Trade has become the DAO’s go-to third party front-end for Uniswap deployments since the canonical front-end is owned and operated by Uniswap Labs
X Layer mainnet bridge allows you to seamlessly move value between Ethereum and X Layer mainnet and can also be used to send and claim messages to and from Ethereum and X Layer.
This is the chain that v3 contracts are deployed on
This entity has >1M UNI and is therefore eligible for administering the onchain vote
X Layer commits $1M worth of liquidity to Uniswap pools on X Layer for a minimum of 6 months. All liquidity will be provided on the day of launch. The tokens will be deployed on Uniswap through the X Layer integration with Oku Trade. All liquidity will be provided immediately upon deploying an instance of Uniswap v3 on X Layer. Pools and liquidity commitment:
The liquidity committment made by X layer will be sent to a Gnosis Safe on X Layer prior to launch with signers from OKX, Oku Trade and select Uniswap Delegates.
The Uniswap representatives for the multsig will be PGov (Jun) and Arana (Abdullah).
If no major points of contention are posed by the DAO during the RFC, the Accountability Committee will
July 2024: RFC
August 2024: Liquidity commitment Temp Check
August 2024: Onchain vote to approve onboarding package
September 2024: Uni v3 contracts, as well as the front end on Oku Trade, will be deployed by GFX Labs
The Event Horizon Community Voted to Support this Proposal ehUNI-31: EventHorizon.vote/vote/uniswap/ehUNI-31
https://gov.uniswap.org/t/curia-delegate-platform/24140/6
https://gov.uniswap.org/t/seedgov-delegate-platform/23987/5
Deploying Uniswap v3 on X Layer expands market reach, users, and leverages zkEVM technology for scalable, low-cost trading.
https://gov.uniswap.org/t/tane-delegate-platform/24164/8
