The expiry of the license is a turning point for the DeFi community, as it frees up programmers to launch their decentralized market.
The deadline’s passing was eagerly awaited by the DeFi community because it would finally let programmers set up their decentralized market.
The BSL license is only valid for a short time before the code is released under an open-source license. The goal is to ensure that writers can earn money from their work. The license for Uniswap v3 was made public in 2021 for two years, during which time the code could not be used for profit. The protocol is now governed by a new license known as the General Public License.
Coders will need an “Additional Use Grant” to modify the code, which is a production license that serves the requirements of both open-source and business coders.
Uniswap is a popular decentralized exchange that facilitates token swaps between issuers, dealers, and liquidity sources. It is generally regarded as the largest automatic market maker in the DeFi sector. Investors often purchase Uniswap tokens, the platform’s primary currency, to access the DeFi market.
According to Cointelegraph, Uniswap v3’s daily revenue production eclipsed Bitcoin in May 2021, not long after its release. According to Cryptofees data, Uniswap v3 was bringing in $4.5 million per day in fees, while Bitcoin only brought in $3.7 million.
More than 55 million UNI tokenholders approved a governance plan from 0x Plasma Labs to implement the protocol on the BNB Chain, Binance’s smart contract network, earlier this month. This change allows Uniswap customers to interact with the BNB Chain coin exchange network. Through this connection, Uniswap was also able to gain access to the funding provided by BNB Chain’s DeFi developer group.
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