Developers can now fork the Uniswap v3 protocol as its commercial source license (BSL) expired on April 1. shows protocol documentation. The expiration was a highly anticipated event within the DeFi ecosystem as it allows developers to implement their own decentralized exchange (DEX).
The BSL is a type of license that is meant to last for a certain period before becoming fully open source. In general, the purpose is to protect the author's right to profit from his creations. The Uniswap v3 license was released in 2021 for a two-year term, preventing commercial use of its code. A new license called the General Public License now applies to the protocol.
To fork the code, developers will be required to provide an additional usage grant, a production exemption intended to meet the needs of open source and commercial developers.
Uniswap is a widely used decentralized exchange, considered the largest Automated Market Maker (AMM) in the DeFi space, providing a platform where token creators, traders, and liquidity providers trade tokens. Your UNI tab (UNI) is a popular way for investors to gain exposure to the DeFi market.
In May 2021, shortly after its launch, Unisawp v3 surpassed Bitcoin in terms of daily fee generation, Cointelegraph reported. Cryptofee data showed that Uniswap v3 was generating $4.5 million in daily fees at the time, while Bitcoin was behind at the time with $3.7 million in daily fee generation.
Earlier this month, Unisawp officially went live on BNBBinance's smart contract blockchain, after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to implement the protocol on the BNB chain. Through the move, Uniswap users will have access to the BNB Chain ecosystem to trade tokens. The integration also allowed Uniswap to tap into a liquidity pool with the BNB Chain DeFi developer community.
Magazine: DeFi Ditching Ponzi Farms for 'Real Return'
Post navigation
