In a significant development, Moonbeam, Polkadot’s leading platform for multi-chain applications, has unveiled the integration of Uniswap on its network. This marks a milestone as Uniswap, a decentralized exchange commanding over $3 billion in TVL (total value locked), ventures onto the Polkadot ecosystem for the first time. The groundbreaking integration offers users access to Uniswap v3 contracts through the intuitive Oku front-end, joining the ranks of renowned protocols like Optimism, Polygon, and Arbitrum.
The timing of this announcement is impeccable, coinciding with the upcoming massive DOT unlock this October. With nearly 100 million DOT from December 2021’s first five crowdloans becoming transferable, users are set to explore diverse means to harness the token’s potential across Polkadot and its various parachains.
Initiated by Michigan Blockchain and receiving the green light from the Uniswap community in May, this incorporation comes to life. Wormhole emerged as Uniswap DAO’s preferred cross-chain protocol for deployments on Moonbeam, Celo, BNB, and Gnosis, having demonstrated unparalleled security in Uniswap Bridge Assessment Committee’s evaluation.
This collaboration underscores Moonbeam’s pivotal role in the multi-chain landscape, joining elite platforms like Ethereum, Polygon, Avalanche, and BNB Chain that boast Uniswap v3 deployments. Moonbeam’s rapid finality and innovative connected contract approach have established it as the go-to for cross-chain integrations.
Moonbeam’s community also recently sanctioned a grant for Gamma, enabling concentrated liquidity on its trio of prominent DEXes – Uniswap, Stellaswap, and Beamswap. This liquidity infusion ensures users enjoy heightened control over their capital’s allocation.
In enhancing the trading experience on Moonbeam, Oku emerges as the sophisticated interface for Uniswap v3 interactions. Crafted by the GFX Labs team with a generous $1.6 million grant from the Uniswap Foundation, Oku promises top-tier trading UX. It mirrors the user-friendliness of centralized exchanges like Binance, boasting features like order books, live trade logs, limit orders, and an extensive order history. Impressively, Oku introduces a streamlined listing process for Uniswap v3’s pools, and its inclusion of limit orders empowers users with superior trading strategy customization.
The latest iteration of Uniswap boasts multiple fee tiers, catering to the needs of liquidity providers more effectively. It facilitates low-slippage trades for optimum pricing and provides liquidity providers with a specific price range setting. Additionally, v3’s oracle functionalities are more cost-effective and user-friendly, further enhancing Moonbeam’s proposition for its user base.