Uniswaps – Coin Network News https://coinnetworknews.com If it's coin, it's news. Sat, 04 Mar 2023 22:31:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release – Defi Bitcoin News https://coinnetworknews.com/apples-approval-process-delays-uniswaps-mobile-app-launch-firm-launches-limited-trial-release-defi-bitcoin-news/ https://coinnetworknews.com/apples-approval-process-delays-uniswaps-mobile-app-launch-firm-launches-limited-trial-release-defi-bitcoin-news/#respond Sat, 04 Mar 2023 22:31:31 +0000 https://coinnetworknews.com/apples-approval-process-delays-uniswaps-mobile-app-launch-firm-launches-limited-trial-release-defi-bitcoin-news/

On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap, announced the launch of a limited early-release application through Apple’s Testflight program. The company stated that the limited release was due to Apple not granting approval for the application launch, and the team does not know why.

Uniswap Labs Launches Limited Early-Release Mobile App via Apple’s Testflight Platform

Uniswap Labs launched a mobile application for Uniswap via Apple’s Testflight platform. The self-custodial, open-source mobile application is available for a limited release. However, the company noted that Apple has not given the application approval to launch. “So why a limited early release from a team committed to access for anyone? Simply put, Apple won’t green-light our launch, [and] we don’t know why,” the company tweeted.

The creator of one of the largest decentralized exchanges by volume stated that the firm submitted the mobile application to Apple months ago. “Even though we are 100% compliant with their specifications, we’re still stuck in limbo,” Uniswap said. “So if we have to wait for Apple, we thought it’d be more fun if we waited together,” the decentralized finance (defi) firm added.

The company decided to open its internal Testflight application to 10,000 users, the maximum approved by Apple. Uniswap stated that it would begin sharing access codes “across multiple channels and time zones to reach as many parts of our community as possible” to get started. Uniswap’s limited early-release mobile application for iOS Testflight follows the creation of the Uniswap Bridge Assessment Committee, revealed on March 2nd.

Statistics recorded for the last 24 hours as of March 4 indicate that there has been $2.81 billion in trades, with Uniswap version 3 (v3) leading the pack with $1.21 billion in trade volume. Uniswap’s Arbitrum One decentralized exchange (dex) commands the second-largest volume with $195.98 million. Uniswap v3 offers 947 coins across 1,725 pairs, and the dex has been visited 3,388,922 times this month.

Tags in this story
Access Codes, Apple, Apple Approval, Arbitrum One, Blockchain, blockchain technology, Centralized App Stores, Compliance, Crypto, crypto community, crypto market, crypto trading, Cryptocurrency, decentralized exchange, decentralized finance, DeFi, DEX, Digital Assets, Ethereum, Innovation, Limited Early-Release, Mobile App, Open Source, Self-Custodial, Testflight, trade volume, uniswap, Uniswap Bridge Assessment Committee, Uniswap Labs, uniswap v3

What do you think the delay in Apple’s approval for Uniswap’s mobile app launch means? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO https://coinnetworknews.com/uniswaps-bnb-deployment-should-use-multiple-bridges-claims-lifi-ceo/ https://coinnetworknews.com/uniswaps-bnb-deployment-should-use-multiple-bridges-claims-lifi-ceo/#respond Thu, 09 Feb 2023 00:58:55 +0000 https://coinnetworknews.com/uniswaps-bnb-deployment-should-use-multiple-bridges-claims-lifi-ceo/

As Uniswap DAO’s vote to deploy to BNB Chain continues, LIFI CEO Phillip Zentner argued in a Feb. 6 forum post that the current proposal is flawed. According to Zentner, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions.

In the post, Zentner stated that LIFI strongly recommends “that Uniswap not select one bridge provider for its BNB Chain Deployment Proposal” because “no single AMB [arbitrary messaging bridge] is tested enough to be considered a robust and secure solution that a project of Uniswap’s size can solely rely on at this point.”

As evidence of this, Zentner reminded readers of the slew of bridge hacks the crypto community has suffered over the past two years, stating:

“Lest it be forgotten, two major AMBs were exploited in the past twelve months (Nomad and Wormhole), while LayerZero has also come under fire recently for its security model (Prestwich 2, L2Beat). We do not say this as condemnation, rather, we point this out to highlight just how difficult it is to build secure AMBs and the subsequent risks a dApp is exposed to by choosing a single bridging solution.”

For this reason, LIFI wants to see “a multi-bridge, agnostic approach” to Uniswap governance. Zentner proposed that this could be accomplished by appointing a team of four engineers to study the subject and submit a proposal.

Related: Wormhole wins second ‘temp check’ become bridge for Uniswap

The LIFI CEO seemed to imply that the current proposal should be voted down and the date of BNB Chain deployment postponed until at least March 27. According to an image posted by Zentner, the Uniswap team had previously set a deadline of March 27 for a “final report published with community recommendations.” Zenter said that he believes this deadline can still be met, even if the current proposal is voted down.

Venture capital firm a16z recently attempted to use its 15 million UNI tokens to vote the BNB proposal down, due to the firm’s concerns about Wormhole bridge security. However, Metamask developer ConsenSys has used its 7 million UNI votes to support the proposal. The vote is scheduled to end on Feb. 10.