• The Boba Foundation on behalf of the Boba Network community has successfully voted to deploy Uniswap v3 on the Boba Network L2 on Ethereum.
• 51.01 million out of the required 40 million voted in favor of the proposal, with reputable groups like FranklinDAO, GFX Labs, Blockchain at Michigan, Gauntlet and ConsenSys supporting it.
• Boba Network’s Hybrid Compute technology enables interoperability between Web2 and Web3 and brings the power of Web2 on-chain.

Boba Network Votes to Deploy Uniswap v3

The Boba Foundation on behalf of the Boba network community is pleased to announce that a majority vote—51.01 million out of the required 40 million—was successful in approving a proposal to deploy Uniswap v3 on the Boba Network layer-2 blockchain scaling solution for Ethereum. Reputable groups such as FranklinDAO (formerly Penn Blockchain), GFX Labs, Blockchain at Michigan, Gauntlet and ConsenSys supported this move by the foundation.

Uniswap v3 Now Supported By 5 Chains

Uniswap V3 is now supported by five chains and soon it will be deployed onto the Boba Ethereum Network in upcoming weeks. As an optimization platform for decentralized applications (dapps) built on layer-1 blockchains, Uniswap allows users to access liquidity pools quickly and easily trade digital assets with low fees compared to other DEXs. It is also known for its support for multi-chain networks like Avalanche, Binance Smart Chain (BSC), Moonbeam and Fantom–allowing users to take advantage of fast transaction speeds while keeping their costs low.

Hybrid Computing Technology Makes Interoperability Possible

Boba Network’s Hybrid Compute technology makes it possible for developers to build hybrid on-chain/off-chain DeFi applications atop of Uniswap while still maintaining a high degree of interoperability between web2 and web3 services. This technology brings together advanced smart contracts as well as off-chain computation powering improved experiences with decentralized apps while providing lightning-fast transactions with fees about 40 – 100 times cheaper than layer-1 solutions available today. Enya Labs serves as primary contributor for this project–as a software framework specializing in distributed systems engineering and application development founded by Stanford academics & alumni aiming at enabling blockchain technology usage towards an open & connected world.

Groups Showing Support For The Proposal

Several entities have shown support towards this initiative including FranklinDAO (formerly Penn Blockchain), GFX Labs, Blockchain at Michigan, Gauntlet & ConsenSys who all backed up this proposal set forth by The Boba Foundation & FranklinDAO when asked to do so by community members voting over this matter.

Conclusion

With its unique capabilities empowering dApps developers provide better experiences through smart contracts that allow off chain computations plus real world data use–Boba Networks looks forward towards continuing its commitment towards unlocking more potential from rollup technology & facilitate seamless communication within different blockchains through its multichain Layer 2 scaling solution based over Optimism protocol engine which allows transactions happen lightning fast while ensuring they stay cheap too!