Uniswap DEX to launch web wallet extension

The NFT Unicorn 779dfde4-6bbe-4f48-b3a3-8133a574a0e0 Uniswap DEX to launch web wallet extension Crypto News

Decentralized exchange (DEX) Uniswap is launching a web extension for its native wallet.

According to the Feb. 27 announcement, a waitlist is currently available for users who have claimed a uni.eth username. “We will be sharing access to the Uniswap Extension Beta in the order of username claims,” the DEX said.

As with current self-custody wallets such as MetaMask, the Uniswap Wallet extension will allow users to send, receive, buy, and swap various tokens and altcoins directly from their web browsers. 

The uni.eth domain is based on the Ethereum Name Service and allows users to convert their 0x addresses into usernames. Over 100,000 uni.eth subdomains have been claimed as of February 25. 

In the past month, the DEX’s namesake token has surged over 80% in value amid a recent proposal that calls for protocol fee rewards for users. According to the proposal submitted by Uniswap Foundation’s governance lead, Erin Koen, the upgrade “would reward UNI holders who have staked and delegated their tokens.” 

On Feb. 27, Koen said in a follow-up post that the proposal would maintain the immutability of the Uniswap DEX, optimize security, and preserve its ability to experiment in the future. “An additional benefit we get from immutability is removing the risk of bugs being introduced, and user funds being hacked in the future,” the developer wrote, adding:

“When you look at major protocols which have been hacked in the past, many have occurred due to bugs which have been introduced during protocol upgrades. While there are certainly tradeoffs to this approach, by removing setOwner we are optimizing for future security of stakers.”

Discussions for the proposal are currently ongoing. Cointelegraph previously reported that Uniswap will launch its V4 DEX in Q3 2024 after a major Ethereum upgrade. 

Related: Uniswap budgets $300K for v4 development with $150M token launch KPI



Source: Cointelegraph