The renewed interest in building Bitcoin adjacent tech continues.\n<\/p>\n
GFX Labs is bringing Uniswap to Bitcoin.<\/p>\n
The company, which develops DeFi products, will deploy trading platform Oku<\/a> later this week to Bitcoin sidechain Rootstock, Getty Hill, the co-founder of GFX Labs, told The Defiant. Oku uses Uniswap V3\u2019s smart contracts to source liquidity and facilitate trades.<\/p>\n Rootstock is compatible with the Ethereum Virtual Machine (EVM) and has $114M in total value locked (TVL), according to DeFi Llama<\/a>.<\/p>\n It\u2019s a big move \u2014 Uniswap is a flagship project in DeFi and generated a large amount of its success on Ethereum, where it first launched. Now its contracts are live on Rootstock, a player in the \u201cbuild on Bitcoin,\u201d movement which has been gaining traction all year with the likes of Ordinals<\/a>, BRC20s<\/a>, and smart contract platforms like Stacks<\/a>.<\/p>\n Hill added that GFX Labs plans to deploy Oku, and by extension Uniswap V3, to three more chains in the near future.<\/p>\n To be sure, GFX Labs isn\u2019t bringing Uniswap\u2019s distinct pink-hued branding to Rootstock. The deployment will be wrapped in Oku\u2019s interface. Still, the launch is a reminder of the remixable paradigm that is DeFi.<\/p>\n While Uniswap V3\u2019s license expired last April, meaning anyone can legally use the code, Hill says the advantage for Uniswap holders in having GFX Labs do the deployment is that UNI holders can vote on key parameters to the protocol. <\/p>\n These include the famous \u201cfee switch,\u201d which can potentially charge a percentage on trades and return value to Uniswap\u2019s DAO. GFX Labs\u2019 deployments happen with the approval of Uniswap governance.<\/p>\n Hill added that it\u2019s also about being early on EVM-comptable chains.<\/p>\nNo Unicorn Branding<\/h2>\n
EVM-Compatible Chains<\/h2>\n
\n