Uniswap v3 Goes Open Source, Fueling the Future of Decentralized Exchange Technology
The Uniswap v3 protocol's Business Source License (BSL) has expired, as confirmed by its documentation on April 1.
The BSL license was originally released in 2021 for a period of two years to protect the author’s right to profit from their work, but it has now been replaced by the “General Public License” for the protocol to be open source.
This has been highly anticipated in the decentralized finance (DeFi) community, as it allows developers to create their own decentralized exchanges (DEX).
To use the code, developers will need to obtain an “Additional Use Grant” that accommodates both open-source and commercial developers.
Uniswap v3 is a popular DEX and the largest automated market maker in DeFi, providing a platform for token creators, traders, and liquidity providers to swap tokens.
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In May 2021, Uniswap v3 surpassed Bitcoin in daily fee generation and has been generating $4.5 million in daily fees, according to Cryptofees.
Recently, Uniswap went live on Binance’s smart contract blockchain after a successful vote by token holders. This integration has allowed Uniswap to tap into Binance Chain’s DeFi developer community and expand its reach.