0xbec643bd…c51csent to0x408ed635…24c3·#17,791,689·view on Etherscan
ITU Blockchain expresses its sincere gratitude to the esteemed members of the Uniswap Governance Committee and DAO for their unwavering dedication to enhancing Uniswap governance. We have gone through the proposal thoroughly and decided to vote in favor of this proposal due to the following reasons.
First, let's take a quick look at the new features of Uniswap V3. Uniswap V3 has introduced significant improvements to the earlier version. The most notable improvement includes Concentrated liquidity where Liquidity providers(LP) have enhanced control over what price ranges their capital. Unlike the uniform order curve in the previous version, V3 empowers LPs with the ability to create individualized price curves that align precisely with their preferences and strategies.
Additionally, V3 introduces Range Orders, a dynamic mechanism that securely stores LPs' deposited tokens within custom price ranges corresponding to the current market price. When the market price enters this specified range, an automated token swap occurs along a seamless curve. In addition to this automated swapping mechanism, LPs also earn swap fees as part of this process. Other important improvements in V3 include Non-Fungible Liquidity where LP positions will be represented by non-fungible tokens (NFTs), Multiple fee tiers, and Advanced Oracles.
We have witnessed that the experiment on the Base testnet has showcased excellent outcomes. With the mainnet Coinbase's capability to support dapps with nearly 10 million monthly users, Base proves to be a significant leap forward in the development of Uniswap as a Decentralized Exchange(DEX). The deployment of Uniswap on Base will establish it as the principal and most prominent DEX within the Base ecosystem. Leveraging Uniswap's prominent status, users within the Base ecosystem will contribute substantial volume and liquidity. Moreover, considering the fact that Base mainnet predominantly comprises Coinbase product users, and by integrating this user base into an off-chain ecosystem, Uniswap will have access to users who can potentially create a substantial Total Value Locked (TVL) for the platform. Furthermore, the expansive developer ecosystem within Base is another crucial aspect. Developers within this ecosystem possess a deep understanding of the Coinbase environment, making them highly capable of collaborating with Uniswap seamlessly. This opens the door for future integrations of Uniswap with other Dapps on the Base platform. Last but not least, taking into account the aspects of security, scalability, accessibility, and cost efficiency offered by Base, we wholeheartedly support the proposal.