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Uniswap v3 to Become Free and Open Source, Potentially Revolutionizing the DEX Niche!

2023/03/10 (Mar 10th, 2023 10:22 pm)
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As soon as the Business Source License (BSL) expires on April 1, Uniswap Labs, the company that created Uniswap version 3 (v3), the largest decentralized exchange technology, plans to release the underlying protocol entirely free for open source usage. Although production usage needs an Additional Use Grant, the BSL license, which was introduced in 2021, presently permits free non-commercial and non-production use of the code. Two years after its debut, on April 1, the license is slated to expire, at which point the code will be completely open source and accessible to everyone without limitations.

Users may exchange cryptocurrencies without relying on a central authority thanks to Uniswap v3. Users can do this to get pool tokens that reflect their portion of the liquidity pool after depositing tokens into one. According to data from CoinGecko, the largest decentralized exchange by trading volume is powered by Uniswap v3, which has handled over $1.5 billion in trade activity in the last 24 hours.

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Developers will be able to utilize the Uniswap v3 code and launch their own exchanges for no charge thanks to the decision to make it accessible for free usage. The largest exchange on the BNB Chain, PancakeSwap, has already said that it would release v3 in the first week of April. It is anticipated that this release will utilize the Uniswap v3 protocol. This update may let Uniswap v3 to replace its widely used predecessor, Uniswap v2, as the basic primitive for the decentralized exchange market.

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