Main decentralized trade Uniswap introduced right this moment it has expanded to the Blast community, a layer 2 resolution providing native yield for ETH and the USDB stablecoin. The enlargement permits Uniswap customers to swap and supply liquidity with decrease gasoline prices and quicker transaction speeds in comparison with the Ethereum mainnet.
Prepared for takeoff
Uniswap is now reside on Blast💥 pic.twitter.com/uukRWHnY8K
— Uniswap Labs 🦄 (@Uniswap) April 2, 2024
“This launch marks the primary time Uniswap customers can earn native yield on LP positions, attributable to Blast’s rebasing performance,” stated Uniswap in a Tuesday announcement.
To entry Uniswap on the Blast community, customers can navigate to app.uniswap.org, choose the community button, and select Blast. As shared by Uniswap, Blast can even be supported on the Uniswap cell app.
Moreover, liquidity suppliers have the selection to make use of both Uniswap v2 or v3 when offering liquidity on Blast. Nonetheless, native yield is unique to v2 swimming pools involving USDB or WETH, as Uniswap v3’s concentrated liquidity mannequin doesn’t help native yield attributable to technical constraints.
Uniswap additionally notes that Blast’s rebasing mechanism presents further danger components for liquidity suppliers, particularly with damaging rebasing. In contrast to concentrated liquidity AMMs like Uniswap v3, Blast doesn’t supply native help for one of these rebasing. Consequently, Uniswap recommends utilizing Uniswap v2 to supply liquidity by rebasing Blast tokens.
Uniswap’s enlargement to Blast is now reside by way of its interface, with cell app help coming quickly. This transfer additional extends Uniswap’s footprint throughout main chains, together with Arbitrum, Polygon, Optimism, Base, Binance Sensible Chain, and Avalanche.
