Uniswap Teams Up With World Chain, Enabling Swaps and Liquidity Facilities
In Brief
Uniswap has partnered with World Chain, making it possible for users to execute swaps via Web and Wallet platforms, and to add liquidity through either V2 or V3 protocols.
Entity responsible for the decentralized trading platform (DEX) Uniswap , Uniswap Labs has shared exciting news about the merger with the World Chain network, created by a biometric cryptocurrency initiative, Worldcoin . Thanks to this new partnership, users can effortlessly conduct swaps on World Chain using both Uniswap's website and wallet, along with liquidity provisioning available on Uniswap’s V2 or V3 platforms.
World Chain is a Layer 2 blockchain based on Ethereum, built with a Superchain framework designed to offer quick and cost-effective on-chain experiences, particularly beneficial for users of World App. A central aim of World Chain is to maintain blockspace for users verified by World ID, providing them with a gas allowance that allows for smoother and more affordable transactions.
To take advantage of Uniswap on the World Chain, users should head over to the Uniswap site, click the network selection dropdown, and pick World Chain from the available options. Furthermore, World Chain support is active in the Uniswap wallet, making it easy for users to swap assets.
Besides executing swaps, participants can offer liquidity on World Chain using the Uniswap interface on both the V2 and V3 platforms. To do this, users should visit the liquidity section on the exchange's website, select 'New Position,' and choose the token pairs they wish to use for liquidity.
With this merger, Uniswap Labs broadens its decentralized exchange capabilities to incorporate the World Chain, and plans are underway for its inclusion in the Mini Apps store of World App.
What Are Uniswap V2 And V3?
Uniswap is a DeFi protocol that specializes in its automated market-making (AMM) decentralized exchange, which facilitates liquidity for exchanging a variety of cryptocurrency assets. This protocol is built on a series of inflexible, non-modifiable smart contracts, each serving defined roles to bolster the overall AMM framework. Uniswap has launched three versions of this protocol thus far—V1, V2, and V3—with a fourth version (V4) expected to debut down the line.
Uniswap V2 introduces pivotal features like direct ERC-20 to ERC-20 token pools, flash swap capabilities, and enhancements to its pricing oracle. Conversely, Uniswap V3 offers Concentrated Liquidity, an adaptive fee structure, and further refinements to the price oracle system.
Disclaimer
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