The Uniswap community has approved a governance proposal seeking to deploy Uniswap v3 contracts on the Polygon PoS chain. Approval appears in the form of on-chain voting, with more than 72.6 million users participating in the community.

Uniswap Labs announced that it will deploy the Uniswap v3 contract based on a vote that reflects more than 99.3% of the approval consensus, and will receive US$20 million in funding-US$15 million for long-term liquidity mining activities and US$5 million for overall adoption on Polygon Uniswap (Matic).

The Uniswap community has voted to deploy v3 on @0xPolygon Through the governance process.

?? Uniswap Labs will deploy the Uniswap v3 contract within a few days.

stay tuned. pic.twitter.com/LwVLwEngPl

— Uniswap Lab (@Uniswap) December 18, 2021

In addition, Bjelic also announced that the deployment of Uniswap on Polygon is the right time, on the grounds that their status is “the second most powerful DeFi ecosystem after Ethereum L1.” The entrepreneur also shared his willingness to incentivize the adoption of Uniswap financially and technically.

This proposal Announced by Polygon CEO Mihailo Bjelic on November 20, voting ended on December 18, saying that “Deploying to Polygon PoS can bring many benefits”, such as user base growth, saving users a lot of money, and higher users Activity, higher income, market share and return to the original DeFi vision.

Before voting on the governance proposal UP010, Bjelic released a set of consensus and temperature Check to identify the community sentiment behind Uniswap v3 deployment:

“Consensus Check 17 passed with 44 million (98.87%) affirmative votes and 500,000 (1.13%) negative votes. Temperature Check 7 passed with 77,900 (~100%) positive votes and 101 (~0%) negative votes.”

related: Reddit co-founder and Polygon launch a US$200 million Web 3.0 social media project

As Polygon strives to maintain a competitive position in the Ethereum ecosystem, the community announced a joint venture with Reddit co-founder Alexis Ohanian (Alexis Ohanian), a venture capital firm 777 to launch a $200 million plan .

As Cointelegraph reported, the plan will focus on supporting and hosting gaming applications and social media platforms based on Polygon infrastructure. Polygon’s explosive growth this year has benefited from the release of more than 3,000 decentralized applications on the chain, as well as the release of other protocols and cross-chain migration.