Conflux Initiates Proposal to Deploy Uniswap V3 on Conflux Network

On April 7th, Conflux launched a proposal to deploy Uniswap V3 on the Conflux Network in the Uniswap community to introduce Web2 users to DeFi, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem. The proposal believes that the cooperation between Conflux, Xiaohongshu, and China Telecom has led to a large influx of Web2 users, and Uniswap can increase the amount of working capital and provide new trading opportunities for users by deploying on Conflux. The proposal states that after the on chain voting, the Conflux Foundation can deploy Uniswap V3 on Conflux eSpace, with an estimated time of five weeks; Subsequently, a snapshot vote will be conducted to determine the cross chain bridge solution, and Multichain will be a possible solution.

Conflux Initiates Proposal to Deploy Uniswap V3 on Conflux Network

I. Introduction
A. Explanation of Conflux’s proposal
B. Reason for the proposal
II. The Collaboration Between Conflux, Xiaohongshu, and China Telecom
A. Explanation of Xiaohongshu and China Telecom
B. Benefits of the collaboration
III. Uniswap V3 Deployment on Conflux Network
A. Explanation of Uniswap
B. Benefits of deploying Uniswap V3 on Conflux
C. Estimated time for deployment
IV. Snapshot Vote for Cross Chain Bridge Solution
A. Explanation of snapshot vote
B. Possible solutions
V. Conclusion
VI. FAQs
# On April 7th, Conflux Launched a Proposal to Deploy Uniswap V3 on the Conflux Network
Conflux, a decentralized network known for its fast and secure transactions, has recently launched a proposal to deploy Uniswap V3 on its network. The proposal aims to introduce Web2 users to DeFi, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem.

Collaboration Between Conflux, Xiaohongshu, and China Telecom

The proposal suggests that the collaboration between Conflux, Xiaohongshu, and China Telecom has led to a large influx of Web2 users. Xiaohongshu, also known as Little Red Book, is a Chinese social e-commerce platform that allows users to discover, share and shop their favourite products. China Telecom, on the other hand, is a large Chinese state-owned telecommunications company. The partnership between these companies and Conflux has led to an increased interest in the network.

Uniswap V3 Deployment on Conflux Network

Uniswap is a decentralized trading protocol that allows users to exchange tokens without an intermediary. The platform has gained significant popularity in the DeFi space as it enables users to trade with low fees and without the need for a centralized exchange. Deploying Uniswap V3 on Conflux would increase the amount of working capital and bring new trading opportunities for users.
Moreover, deploying Uniswap V3 on Conflux would bring several benefits to the network. For one, it would introduce DeFi to Web2 users who are yet to explore the space. Also, it would increase Conflux’s penetration in the Asian market, where DeFi is rapidly expanding, and enter the growing Conflux ecosystem.
The proposal hopes to deploy Uniswap V3 on Conflux eSpace in five weeks after the on-chain voting. A snapshot vote will be conducted to determine the cross-chain bridge solution, and Multichain will be a possible solution.

Snapshot Vote for Cross Chain Bridge Solution

A snapshot vote is a type of vote where holders of a particular token can vote based on the number of tokens they own. In this case, a snapshot vote will be conducted to determine the cross-chain bridge solution for Uniswap V3 on Conflux. Possible solutions include Multichain, which is an open-source and decentralized protocol for cross-chain communication, among others.

Conclusion

By deploying Uniswap V3 on Conflux, the network aims to increase its penetration in the Asian market and bring new trading opportunities to users. The collaboration between Conflux, Xiaohongshu, and China Telecom has led to increased interest in the network, and deploying Uniswap V3 would introduce DeFi to Web2 users.

FAQs

1. What is Conflux?
Conflux is a decentralized network known for its fast and secure transactions.
2. What is Uniswap?
Uniswap is a decentralized trading protocol that allows users to exchange tokens without an intermediary.
3. What is a snapshot vote?
A snapshot vote is a type of vote where holders of a particular token can vote based on the number of tokens they own.