Uniswap has integrated the Blast network, and v2 LPs can earn native rewards

ChainCatcher news, the decentralized trading platform Uniswap has officially integrated the Blast Layer 2 network into its interface, allowing users to directly swap tokens and provide liquidity on app.uniswap.org. This marks the first time Uniswap users can earn native yields through LP positions, thanks to Blast's rebase feature.

It is reported that the Blast network provides native yields for ETH and USDB stablecoins, optimizing the user trading experience by reducing transaction fees and speeding up swap times (compared to the Ethereum mainnet). Users can start swapping tokens on Blast by selecting it as their network.

In addition, for providing liquidity, Blast supports both Uniswap v2 and Uniswap v3 versions, but native yields are only available in v2 pools. It is particularly noted that due to the concentrated liquidity technology of Uniswap v3, LPs in v3 pools on Blast will not receive native yields. Furthermore, Blast's rebase mechanism introduces new risk considerations for liquidity providers on Uniswap v3, especially in the case of negative rebases. Therefore, it is recommended that users providing rebase token liquidity on Blast choose Uniswap v2.