Conflux initiated a proposal to deploy Uniswap V3 on the Conflux Network

ChainCatcher message, Conflux has initiated a proposal in the Uniswap community to deploy Uniswap V3 on the Conflux Network, aiming to bring Web2 users into DeFi, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem. The proposal suggests that the collaboration between Conflux and Xiaohongshu, China Telecom has led to a significant influx of Web2 users, and Uniswap can increase liquidity by deploying on Conflux, providing users with new trading opportunities.

The Conflux Foundation hopes to offer the community and projects building Uniswap V3 on Conflux the following two additional incentives: The Conflux Foundation will establish a liquidity fund pool totaling $2 million for the CFX-USDT, CFX-BTC, and CFX-ETH trading pairs. This pool will be locked for two years, but if the ecosystem requires, the Conflux Foundation can extend the lock-up period.

Additionally, Conflux will provide $1 million in liquidity rewards to guide early liquidity on the network and proposes to allocate $1 million over two years, distributed quarterly to protocols built on Uniswap V3 and deployed on Conflux. (source link)