- The launch introduces Uniswap v3 to Tezos L2.
- Enhanced DeFi functionality on Tezos Layer 2.
- Cross-chain integration with substantial incentives.
Oku has officially launched on Etherlink, bringing Uniswap v3 functionality to Tezos Layer 2. This integration aims to boost DeFi capabilities and enhance cross-chain interoperability.
Etherlink’s launch signifies a major advancement in the DeFi landscape, enhancing liquidity and cross-chain compatibility.
Tezos Foundation and GFX Labs Involvement
The Tezos Foundation and GFX Labs played major roles in deploying Uniswap v3 on Etherlink, aiming to enhance the DeFi ecosystem. These efforts center on expanding liquidity through incentives and increased Ethereum compatibility.
“All of the Uni v3 contracts have already been deployed. No further actions need to be taken by the DAO.”
Uniswap Governance, Request for Comments, canonical Uniswap v3 deployment on Etherlink
The launch of Apple Farm rewards with pledges up to $3 million marks a significant financial shift, aiming to expand Etherlink’s total value locked (TVL). This move aligns with efforts to increase market participation and drive liquidity.
Industry Projections
Industry observers expect the Etherlink launch to mimic past Uniswap v3 deployments on other EVM-compatible blockchains, which often resulted in heightened liquidity and adoption rates. This historical precedent supports optimistic projections for Etherlink.
The adoption of Uniswap v3 on Tezos’ Etherlink prompts shifts in user participation and liquidity dynamics. By bridging Ethereum assets to Tezos L2, the platform hopes for seamless DeFi interactions. Experts anticipate broader adoption and increased liquidity as a result.
