DeFi
Ontology is set to expand its horizons with a proposed partnership with Uniswap, one of the leading decentralized exchanges (DEXs). The integration of Uniswap V3 into the Ontology EVM is expected to bring numerous benefits to both ecosystems, including improved user experience, increased scalability, and exploration of new decentralized finance (DeFi) opportunities.
To facilitate integration, the Ontology Foundation will allocate a total of $2 mln USDT in liquidity pools covering popular trading pairs such as WONT-pUSDT, WONT-pUSDC, WONT-WONG, WONT-pWBTC and ONT-pETH. In addition, a $1 mln USDT liquidity incentive will be provided to launch early liquidity on the network, encouraging users to actively participate in the decentralized exchange.
The integration will use multiple secure bridges, including Ontology Bridge, Poly Network, Multichain, and cBridge, providing robust cross-chain functionality. By combining their experience and resources, Uniswap and Ontology plan to complete the integration within 6 weeks of approval.
Image: Cryptorank
