Uniswap, the largest Ethereum-based decentralized exchange, and second layer solutions such as Optimism and Arbitrum, as well as Polygon, an Ethereum sidechain.

Following the community's approval of the proposed changes and confirmation of the needed votes, Uniswap will also launch on two other networks: Gnosis and Moonbeam.

"The vote had almost unanimous approval for both networks" said a UniSwap Labs spokesperson. 

Gnosis and Moonbeam will be the first Ethereum-independent networks that Uniswap will support. However, because these are two networks are compatible with the Ethereum programming languages and smart contracts, the implementation process should be straightforward.

Moonbeam and Gnosis have agreed to make financial contributions to Uniswap before they go live on the platform.

In the case of Moonbeam, $2.5 million will be donated for the purpose of granting scholarships, and Gnosis will contribute $10 million to provide liquidity to the exchange in its network.

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Author: Adam Lee 
Asia News Desk / Breaking Crypto News