The Uniswap community has reportedly granted approval for the governance proposal, which aims to complete the deployment of Uniswap v3 contracts over the Polygon PoS Chain. 

Specifically, the approval reportedly surfaced under the form of an on-chain vote, in which more than 72.6 million users from the community joined. 

Uniswap Labs reportedly revealed details associated with the deployment of Uniswap v3 contracts, dependent on the votes that reflected more than 99.3% approval consensus, and will be subjected to the backing of a $20 million fund – $15 million for long-term liquidity mining campaign and $5 million for the overall adoption of Uniswap on Polygon (MATIC).

Furthermore, Bjelic also claimed that it was the right time to commence the Polygon-based deployment for Uniswap, mentioning their position as “the second strongest DeFi ecosystem, right after Ethereum L1.” 

He additionally expressed a willing attitude towards incentivizing Uniswap adoption, both financial-wise and technological-wise. 

The proposal was published by Head of Polygon Mihailo Bjelic on Nov. 20, with public voting available until Dec. 18, arguing that “deploying to Polygon PoS can bring a lot of benefits”, nominally user base growth, major savings for users, increased user activity, amplified revenue, market capture as well as returning to the original DeFi vision.

Before the on-chain voting for the governance proposal UP010, Bjelic reportedly published a set of consensus and temperature checks to identify the community sentiment behind the deployment of Uniswap v3. 

“The consensus check 17 passed with 44M (98.87%) YES votes and 500k (1.13%) NO votes. The temperature checks 7 passed with 7.79M (~100%) YES votes and 101 (~0%) NO votes.”