Uniswap goes BNB, ETH closer to Shanghai Update
This week in Web3 Wednesday:
Ethereum inches closer to Shanghai update
Uniswap to deploy a DEX on BNB Chain
Paxos to deposit $1.5B of USDP in MakerDAO
EU plans Digital Euro bill and a strategy for Metaverse
Ethereum inches closer to Shanghai update
Taking another step toward the Shanghai update, Ethereum developers have successfully deployed a shadow fork to support staked ETH withdrawals.
Marius Van Der Wijden of the Go Ethereum (Geth) client tweeted that the first shadow fork of Ethereum’s upcoming Shanghai upgrade is nearly finalized. He said all nodes are correctly synced on the shadow fork after making configuration changes to the Go Ethereum client.
Uniswap to deploy a DEX on BNB Chain
Uniswap, the No. 1 decentralized exchange by trade volume, is poised to deploy for the first time on a major competitor to the Ethereum ecosystem.
On Sunday, 80% of voters holding UNI, Uniswap’s governance token, chose to deploy the DEX’s v3 on BNB Chain, the second largest smart contract network. Voting on the proposal, which OxPlasma Labs floated, ended Sunday night with about 20 million tokens cast in favor of the move.
“Our proposal to deploy Uniswap v3 on BNB Chain has passed the 'Temperature Check' with 20M votes 'YES' and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History),” Plasma tweeted.
Paxos to deposit $1.5B of USDP in MakerDAO’
Paxos, a multi-pronged financial infrastructure company that issues crypto’s seventh-largest stablecoin, is looking to make a deal with DeFi’s oldest lending protocol.
Paxos seeks to deposit up to $1.5B of its USDP stablecoin into Maker’s Peg Stability Module (PSM), a component of the protocol which holds reserves backing its DAI stablecoin and allows fee-less swaps to other stablecoins like USDC and GUSD.
EU plans Digital Euro bill and a strategy for Metaverse
The European Commission will publish a bill to underpin a digital euro and set out its strategy on virtual worlds in May, according to a document published on its website Monday.
The bill is set to underpin a new central bank digital currency, financial services commissioner Mairead McGuinness said. The bill is set to be published by the commission on May 24. It's up to the parliament and EU governments to “look at the finer points around the use cases of a digital euro” and “the technology to be used,” she said.