Uniswap v3 Contracts on Polkadot Are Powered by Moonbeam Smart Contracts, an Oku Front-End, and Wormhole Messages
Singapore โ October 2, 2023 โ Moonbeam, the top destination for multi-chain applications on Polkadot, has announced that Uniswap is now live on the network. This is the first time that Uniswap, a major decentralized exchange with over $3 billion in TVL (total value locked), is available to users on Polkadot. Users can tap into the power of these Uniswap v3 contracts via a new, easy-to-use Oku interface alongside other major protocols like Optimism, Polygon, and Arbitrum.
This deployment is particularly timely ahead of a massive DOT unlock later this October, when the nearly 100 million DOT that was contributed to the first five crowdloans in December 2021 will become transferable, and users will likely seek alternative ways to give the token utility across Polkadot and its parachains.
The Uniswap integration with Moonbeam was championed by Michigan Blockchain and approved by the Uniswap community in May. Wormhole was chosen by the Uniswap DAO as the cross-chain protocol of choice for the Moonbeam, Celo, BNB, and Gnosis deployments and was the top-rated protocol in the Uniswap Bridge Assessment Committee’s security analysis.
This integration highlights Moonbeam as a core part of any multi-chain expansion as it joins Ethereum, Polygon, Avalanche, and BNB Chain with Uniswap v3 deployments. Moonbeam is a top destination for cross-chain integration applications thanks to its fast finality and unique connected contracts approach.
The Moonbeam community recently approved a grant for Gamma to bring concentrated liquidity to its three largest DEXes using Gammaโs managed vaults: Uniswap, Stellaswap, and Beamswap. This concentrated liquidity on Moonbeam better allows individual users to control where their money is used.
Oku provides an advanced Uniswap v3 trading interface for users on Moonbeam. The GFX Labs team, thanks to a $1.6m grant from the Uniswap Foundation, built Oku to bring the most advanced trading UX directly to the top DEXes and chains. Oku is thoughtfully designed to offer a familiar UX to centralized exchanges like Binance and features order books, price charts, live trading history, limit orders, user order history, and more. Oku showcases all available and new pools on Uniswap v3 without needing token listing requests. Notably, Oku offers limit orders, allowing users to apply specific conditions to trading pools for enhanced control over their trading strategies.
This latest version of Uniswap introduces multiple fee options, which is more flexible and efficient for liquidity providers. It also helps with low-slippage trades, giving better prices. Liquidity providers can also set a specific price range. The oracles in v3 are easier and cheaper to use making Uniswap a clear value add for Moonbeam users.
About the Moonbeam Network
Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves todayโs fragmented user experience โ unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeamโs developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.
