Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain
- Chainwire Conflux, the only regulatory-compliant blockchain in China, is proposing to deploy Uniswap v3 on its network alongside CNH stable currency and joining the Curve Wars with its mainnet token.
- Binance, has announced that it will support Conflux Network’s (CFX) mainnet integration.
- Conflux has opted to participate in a highly intricate Defi ecosystem in parallel, with the aim of drawing the attention of ETH DeFi players.
Uniswap v3 Deployment on Conflux eSpace:
Chainwire Conflux, the only regulatory-compliant blockchain in China, proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency. This would provide access to a wider range of trading opportunities with both USD- and CNHC-based pairs. It would also be beneficial for projects operating in currencies other than USD, especially Asian projects that can now use CNH for settlements without worrying about currency fluctuations.
Joining The Curve Wars:
In addition, Conflux has opted to join the Curve Wars by offering an opportunity to operate deeper within the Curve ecosystem. The cross-chained $CFX token on Ethereum, $eCFX, offers a liquidity pair with ETH on Curve. Following an on-chain vote by the Curve DAO, this pool (eCFX-ETH) was officially approved and added for staking on Conflux. This indicates their efforts to establish contact with the Curve community while still operating from Ethereum before launching a possible version of it onto their own platform.
The proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration which provides more initiatives as well as liquidity pools facilitating exchange of CFX tokens and finally increasing usage of their network worth.
The intersection of US and EU regulatory barriers on blockchain as well as recently supportive regulations regarding blockchain in Hong Kong emphasizes how crucial Chinese market is for Web3 projects development; over 84% of global blockchain applications have been submitted in China so far.