Uniswap (UNI) Integrates World Chain for Enhanced DeFi Experience
Darius Baruo Oct 18, 2024 04:55
Uniswap (UNI) now supports World Chain, allowing users to swap and provide liquidity on its Layer 2 blockchain, enhancing low-cost and fast onchain experiences.
Uniswap (UNI) has announced the integration of World Chain on its platform, enabling users to swap tokens and provide liquidity on this new Layer 2 blockchain, according to Uniswap Protocol. This development aims to offer fast and cost-effective onchain experiences for users, emphasizing accessibility and efficiency.
World Chain's Layer 2 Capabilities
World Chain is built on the Superchain and secured by Ethereum, designed to cater to the needs of World App’s growing user base. It prioritizes blockspace for users verified with World ID, providing them with a free gas allowance. This strategic move is aimed at making blockchain technology more accessible and user-friendly.
Accessing World Chain on Uniswap
To start using World Chain, users can navigate to app.uniswap.org, select the network button, and choose World Chain as the preferred network. Additionally, the Uniswap wallet now supports World Chain, allowing users to swap tokens seamlessly while on-the-go.
Liquidity Provision on World Chain
With this integration, users can also provide liquidity on World Chain using the Uniswap interface, available on both Uniswap v2 and Uniswap v3. By visiting app.uniswap.org/pool, users can select 'New Position' to choose their preferred token pairs for liquidity provision.
Implications for the DeFi Ecosystem
The integration of World Chain into Uniswap's ecosystem represents a significant step in expanding decentralized finance (DeFi) capabilities. This move is expected to attract more users seeking efficient and cost-effective blockchain solutions, further solidifying Uniswap's role as a leading DeFi platform.
Overall, Uniswap's support for World Chain marks a pivotal enhancement in providing users with more versatile and efficient tools for engaging in DeFi activities. As the blockchain space continues to evolve, integrations like these are crucial for fostering innovation and accessibility within the industry.
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