{"id":25312,"date":"2023-04-01T15:51:21","date_gmt":"2023-04-01T22:51:21","guid":{"rendered":"https:\/\/coinnetworknews.com\/uniswap-v3-code-free-to-fork-as-bsl-expires\/"},"modified":"2023-04-01T15:51:21","modified_gmt":"2023-04-01T22:51:21","slug":"uniswap-v3-code-free-to-fork-as-bsl-expires","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/uniswap-v3-code-free-to-fork-as-bsl-expires\/","title":{"rendered":"Uniswap v3 code free to fork as BSL expires"},"content":{"rendered":"<div data-v-0974caeb=\"\">\n<p>Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1,<a href=\"https:\/\/docs.uniswap.org\/contracts\/v3\/guides\/governance\/liscense-modifications\" target=\"_blank\" rel=\"noopener nofollow\"> shows<\/a> the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).\u00a0<\/p>\n<p>The BSL is a type of license meant to last for a determinate period before becoming completely open source. In general, the purpose is to protect the author&#8217;s right to profit from their creations. Uniswap v3&#8217;s license was released in 2021 for a period of two years, preventing its code from commercial use. A new license called General Public License applies to the protocol now.<\/p>\n<p>To fork the code, developers will be required an Additional Use Grant, a production exemption meant to accommodate both the needs of open-source and commercial developers. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/ccc3f76d-534c-4eb5-86a1-7ec4ce2f9279.png\"\/><figcaption style=\"text-align: center;\"><em>Screenshot: Uniswap V3 core smart contracts repository on GitHub. Source: GitHub<\/em><\/figcaption><\/figure>\n<p>Uniswap is a widely utilized decentralized exchange, considered the biggest automated market maker (AMM) in DeFi space, providing a platform where token creators, traders, and liquidity providers to swap tokens. Its token UNI (<a href=\"https:\/\/cointelegraph.com\/uniswap-price-index\">UNI<\/a>) is a popular way for investors to gain exposure to the DeFi market. <\/p>\n<p>In May 2021, shortly after being launched, Unisawp v3 surpassed Bitcoin in terms of daily fee generation, Cointelegraph reported. Data from Cryptofees<a href=\"https:\/\/cointelegraph.com\/news\/uniswap-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/uniswap-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue\/amp\"> showed that Uniswap v3 was generating $4.5 million<\/a> in daily fees at that time, while Bitcoin was behind at the time with $3.7 million in daily fee generation.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/a96f623e-97c5-4d3c-8fca-3c7e41da2d5e.png\"\/><figcaption style=\"text-align: center;\"><em>Uniswap v3 Total Value Locked. Source DefiLlama.<\/em><\/figcaption><\/figure>\n<p>Earlier this month, Unisawp officially <a href=\"https:\/\/cointelegraph.com\/news\/uniswap-launches-on-bnb-chain-ecosystem-to-drive-growth-and-liquidity\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/uniswap-launches-on-bnb-chain-ecosystem-to-drive-growth-and-liquidity\/amp\">went live on the BNB Chain<\/a>, Binance&#8217;s smart contract blockchain, after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs<a href=\"https:\/\/cointelegraph.com\/news\/uniswap-holders-ditch-ethereum-for-bnb-pos-chain-to-deploy-v3-protocol\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/uniswap-holders-ditch-ethereum-for-bnb-pos-chain-to-deploy-v3-protocol\/amp\"> to deploy the protocol on the BNB Chain<\/a>.\u00a0Through the move, Uniswap users will have access to BNB Chain&#8217;s ecosystem for trading and swapping tokens. The integration also allowed Uniswap to tap into a pool of liquidity with BNB Chain\u2019s DeFi developer community.<\/p>\n<p><strong><em><a href=\"https:\/\/cointelegraph.com\/magazine\/defi-abandons-ponzinomics-real-yield\/\">Magazine:\u00a0DeFi abandons Ponzi farms for \u2018real yield\u2019<\/a><\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"\/><\/p>\n<\/div>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/uniswap-v3-code-free-to-fork-as-bsl-expires\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).\u00a0 The BSL is a type of license meant to last for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,55,4,56,54],"tags":[6570,2642,6571,1554,4445,1366],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/25312"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=25312"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/25312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/25313"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=25312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=25312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=25312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}