This strategic move allows Uniswap users to execute swaps directly on Blast through the Uniswap web application.
Uniswap LPs can now earn a native yield on v2 positions through Blast’s rebasing.
Earning Yield on Uniswap v2 with Blast’s Rescaling
Blast integration significantly boosts Uniswap’s efficiency and flexibility, expanding its ecosystem. Blast enhances Uniswap with seamless, high-performance, cost-effective swaps.
Blast’s rebasing functionality adds native yield earning for Uniswap LPs on v2 positions. This introduces a new way for liquidity providers to benefit from their ecosystem contributions. This feature marks a DeFi milestone, giving LPs a unique chance to maximize returns in a new way. It boosts participation and investment in liquidity pools, enhancing Uniswap’s health and liquidity.
Users can swap on Blast with the Uniswap web app
And for the first time ever, Uniswap LPs can earn native yield on v2 positions (due to Blast’s rebasing functionality) 💫 pic.twitter.com/WAbmXStQHU
— Uniswap Labs 🦄 (@Uniswap) April 2, 2024
To celebrate this major platform upgrade, Uniswap is launching a commemorative mint on Zora. Collectors and Uniswap users can own a historical piece from this groundbreaking integration.
More About Uniswap
On March 31st, Uniswap achieved a remarkable milestone by surpassing $1 billion in transaction volume on Base. This achievement highlights Uniswap’s rising influence and user trust within the DeFi ecosystem.
Passed $1B in Uniswap volume on Base yesterday 🔵 pic.twitter.com/BbSJ7YVpqP
— Uniswap Labs 🦄 (@Uniswap) March 31, 2024
Surpassing this significant volume threshold on Base reflects vibrant activity and robust participation from traders and liquidity providers. It marks a key moment of success and expansion for Uniswap in revolutionizing the DeFi landscape.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
