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

1. Introduction to Conflux and Uniswap
2. What is the proposal and its objectives?
3. The benefits of deploying Uniswap V3 on the Conflux Network
4. Key features of the Conflux ecosystem
5. Xiaohongshu, China Telecom and their impact on Conflux’s user base
6. The on-chain voting process and timeline for deployment
7. Cross-chain bridge solutions and multichain
8. Opportunities for DeFi in the Asian market
9. Conclusion

Article

**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.**
Conflux is a next-generation public blockchain with high speed, low cost, and enterprise applications. Uniswap, on the other hand, is a leading decentralized exchange that allows direct peer-to-peer trading of cryptocurrency tokens. By deploying Uniswap V3 on the Conflux Network, the proposal aims to bring DeFi to Web2 users while increasing penetration in the Asian market.
**What is the proposal and its objectives?**
The proposal seeks to integrate Uniswap V3 with the Conflux Network, allowing users to access a broader range of decentralized financial services. More importantly, the proposal seeks to leverage the partnership between Conflux, Xiaohongshu, and China Telecom to reach a large influx of Web2 users.
The objectives of the proposal are threefold: to introduce DeFi to Web2 users, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem. By deploying Uniswap on Conflux, the proposal argues that there will be a significant increase in working capital, leading to new trading opportunities for users.
**The benefits of deploying Uniswap V3 on the Conflux Network**
The benefits of deploying Uniswap V3 on the Conflux Network are extensive. Firstly, the integration will allow users to access a broader range of decentralized financial services, including swaps, liquidity provision, and yield farming. Secondly, the integration will attract more users to the Conflux ecosystem, leading to more DeFi innovation.
Thirdly, the integration will provide a more scalable solution for DeFi, enabling more transactions per second and lower gas fees for users. Fourthly, it will allow Conflux to reach a wider audience, particularly in the Asian market, where it has strategic partnerships with companies like Xiaohongshu and China Telecom.
**Key features of the Conflux ecosystem**
The Conflux ecosystem has several unique features that make it an attractive option for both developers and users. Firstly, it is built on a Tree-Graph consensus mechanism that allows more transactions per second than traditional blockchains. Secondly, it has a native cross-chain protocol that allows for seamless interoperability with other blockchains.
Thirdly, Conflux has established strategic partnerships with several leading companies in China, including Xiaohongshu and China Telecom, that provide valuable resources and a large influx of Web2 users.
**Xiaohongshu, China Telecom, and their impact on Conflux’s user base**
Xiaohongshu and China Telecom have played an instrumental role in the growth of Conflux’s user base. Xiaohongshu is a leading social e-commerce platform with over 300 million registered users. It has partnered with Conflux to explore blockchain applications in social e-commerce and supply chain management.
China Telecom, on the other hand, is one of the largest telecom operators in China, with over 300 million subscribers. The partnership between Conflux and China Telecom aims at building blockchain-based solutions for telecom operations.
Together, these partnerships have led to a large influx of Web2 users on the Conflux Network. The deployment of Uniswap V3 on Conflux will provide an opportunity for these users to access decentralized financial services seamlessly.
**The on-chain voting process and timeline for deployment**
To deploy Uniswap V3 on the Conflux Network, the Conflux Foundation will conduct an on-chain voting process. Once the vote is conducted, the Foundation will 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. Several options will be considered, including multichain, which provides a more scalable and interoperable solution for DeFi.
**Cross-chain bridge solutions and multichain**
Multichain is a cross-chain protocol that allows for seamless interoperability between blockchains. It provides a more scalable, secure, and user-friendly solution for DeFi by allowing users to access multiple blockchains simultaneously.
Once deployed, Uniswap V3 on the Conflux Network will leverage Multichain to provide a more scalable and interoperable solution for DeFi, attracting new users and increasing penetration in the Asian market.
**Opportunities for DeFi in the Asian market**
The Asian market presents a significant opportunity for DeFi, with its large population and increasing adoption of digital assets. The deployment of Uniswap V3 on Conflux will provide an opportunity to enter the Asian market and introduce DeFi to a broader user base.
Furthermore, the partnership between Conflux, Xiaohongshu, and China Telecom provides a unique opportunity to explore blockchain applications in social e-commerce and supply chain management, creating more value for users and developers.
**Conclusion**
The proposal to deploy Uniswap V3 on the Conflux Network presents a unique opportunity to bring DeFi to Web2 users, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem. By leveraging partnerships with Xiaohongshu and China Telecom, Conflux aims to attract a large influx of users and provide new trading opportunities for Uniswap users.
**FAQs**
1. What is Conflux?
Conflux is a next-generation public blockchain with high speed, low cost, and enterprise applications.
2. What is Uniswap V3?
Uniswap V3 is a leading decentralized exchange that allows direct peer-to-peer trading of cryptocurrency tokens.
3. What are multichain solutions?
Multichain solutions are cross-chain protocols that allow for seamless interoperability between blockchains, providing a more scalable and user-friendly solution for DeFi.
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