Conflux initiated a proposal to deploy Uniswap V3 on Conflux Network

Conflux initiated a proposal in the Uniswap community to deploy Uniswap V3 on the Conflux Network to introduce Web2 users into 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 caused a large influx of Web2 users, and Uniswap can increase the amount of liquidity by deploying on Conflux and provide users with new trading opportunities. The proposal stated that after the on-chain voting, the Conflux Foundation can deploy Uniswap V3 on the Conflux eSpace, which is expected to take five weeks; a snapshot voting will then be conducted to determine the cross-chain bridge solution, and Multichain will be a possible solution. In terms of incentives, the Conflux Foundation provides a wide range of funding programs and additional incentives for projects built on the Uniswap V3 foundation on the Conflux network. In addition, the Conflux Foundation hopes to provide the following two additional incentives for the community and projects that build Uniswap V3 on Conflux: liquidity pool. The pool will be locked for two years, but the Conflux Foundation can extend the lockup period if the ecosystem requires it. Additionally, Conflux will provide $1 million in liquidity rewards to bootstrap early liquidity on the network. Conflux also proposes setting aside a $1 million fund over two years, allocated quarterly to protocols built on top of Uniswap V3 and deployed on Conflux. Allocation will be based on the TVL ratio of the top 50 protocols, with a minimum TVL of $20,000 to receive this reward, and DefiLlama's snapshot will be used to determine the allocation. The first batch of rewards will be distributed within three months of launch. Conflux requests an exemption through an additional usage license (license change issued through the ENS domain name uniswap.eth), allowing the Conflux Foundation to use Licensed Work to deploy on Conflux eSpace, provided that the deployment must abide by the governance and control of the Ethereum Layer1 Uniswap protocol .