7 months ago
41 ARTICLE AD
Uniswap users gain access to faster, cheaper swaps and liquidity provision on Blast.
Leading decentralized exchange Uniswap announced today that it has expanded to the Blast network, a layer 2 solution offering native yield for ETH and the USDB stablecoin. The expansion enables Uniswap users to swap and provide liquidity with lower gas costs and faster transaction speeds compared to the Ethereum mainnet.
Ready for takeoff
Uniswap is now live on Blastđź’Ą pic.twitter.com/uukRWHnY8K
— Uniswap Labs 🦄 (@Uniswap) April 2, 2024
“Uniswap users can now swap and provide liquidity on Blast with the Uniswap interface. This launch marks the first time Uniswap users can earn native yield on LP positions, due to Blast’s rebasing functionality,” said Uniswap in a Tuesday announcement.
To access Uniswap on the Blast network, users can navigate to app.uniswap.org, select the network button, and choose Blast. As shared by Uniswap, Blast will also be supported on the Uniswap mobile app.
Additionally, liquidity providers have the choice to use either Uniswap v2 or v3 when providing liquidity on Blast. However, native yield is exclusive to v2 pools involving USDB or WETH, as Uniswap v3’s concentrated liquidity model does not support native yield due to technical constraints.
Uniswap also notes that Blast’s rebasing mechanism presents additional risk factors for liquidity providers, especially with negative rebasing. Unlike concentrated liquidity AMMs like Uniswap v3, Blast doesn’t offer native support for this type of rebasing. Consequently, Uniswap recommends using Uniswap v2 to provide liquidity by rebasing Blast tokens.
Uniswap’s expansion to Blast is now live through its interface, with mobile app support coming soon. This move further extends Uniswap’s footprint across major chains, including Arbitrum, Polygon, Optimism, Base, Binance Smart Chain, and Avalanche.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
