Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This is in the hope to attract more initiatives, establish liquidity pools and increasing the network’s worth and usage. The intersection of US and EU regulatory barriers on blockchain and the recent supportive regulations on blockchain in Hong Kong emphasize how crucial the Chinese market is for the development of Web3 projects.Â
Conflux has opted to participate in a highly intricate Defi ecosystem in parallel, with the aim of drawing the attention of ETH DeFi players. By deploying Uniswap v3 on Conflux eSpace, the Uniswap community gains access to a wider range of trading opportunities with both USD- and CNHC-based pairs. As Uniswap prepares to launch on Conflux, more tokens developed by Asia-based teams will be incentivized to build bridges into this burgeoning ecosystem.Â
Furthermore, projects operating in currencies other than USD will benefit greatly from this deployment, especially Asian projects that can now use CNH for settlements without worrying about currency fluctuations. The hope is to establish contact with the Curve community while on Ethereum and offer a new Curve pool for Asian DeFi projects before a possible launch of Curve on Conflux eSpace.Â
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. It provides a unique advantage for projects building and expanding into Asia. The city of Shanghai, McDonald’s China, and Oreo are among the entities with which it has collaborated on blockchain and metaverse initiatives.
- Crypto News
- GemHunter
- April 14, 2023
Conflux to Introduce Uniswap v3 and Curve to China’s Public Blockchain
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Looks great! Here's PepeBNB listed on ListingSpy.net - https://listingspy.net/token/pancakeswap/0x47fd014706081068448b89fc6baca2730977216a
Cool project
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Looks great! Here's PepeBNB listed on ListingSpy.net - https://listingspy.net/token/pancakeswap/0x47fd014706081068448b89fc6baca2730977216a
Cool project