1. Uniswap V3 Goes to Voting to Launch on Polygon
The Uniswap community is going to vote for or against the launch of Uniswap V3 on the Polygon layer-2 sidechain. Launching on Polygon will allow Uniswap users to benefit from the very low transaction fees that are common with Layer 2 solutions while preserving the functionalities of Uniswap.
The first stage of voting in Uniswap’s governance platform, which is called the Temperature Check, passed with almost a 100% vote. The second stage in the process, the Consensus Check, was completed on December 2 and passed with a 98.62% vote in favor of the launch of Polygon. The final stage, called the Governance Proposal, contains a seven-day voting period, the result of which will dictate Uniswap’s future with Polygon.
2. Terra Approves Proposal for DeFi Tax Reporting
In the wake of regulatory pressures, DeFi developers are working hard to accommodate the future regulatory needs of their users. The Terra community voted in favor of a proposal that will fund the development of a tax reporting application. The application will simplify the tax process for users by using the blockchain to calculate their expenses, receivables, and earnings, which then compiles a report that is shared interactively with the leading tax reporting platforms.
The proposal on the Terra blockchain was submitted on November 22, one week after the Infrastructure Bill was signed into law in the U.S.
3. Defi Llama Begins Tracking TON Swap (Everscale)
DeFi Llama is a dashboard offering cross-chain data solutions around the DeFi ecosystem. Their product allows for greater transparency around DeFi applications by giving users a free and accessible data outlet.
The DeFi Llama platform recently integrated TON Swap to its platform. Now users of Everscale can track the total value locked in the protocol, view its most recent audit documentation and code, and download protocol data for analysis. This is a strong step in maturity for Everscale and its users, who now have a solution that increases the transparency around their holdings.
TON is available to buy and stake on CEX.IO.
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