Uniswap v3 code free to fork as BSL expires

Developers are now allowed to fork Uniswap ( $7.32 ) 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). 

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’s right to profit from their creations. Uniswap ( $7.32 ) v3’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.

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.

Uniswap ( $7.32 ) 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 (UNI) is a popular way for investors to gain exposure to the DeFi market.

In May 2021, shortly after being launched, Unisawp v3 surpassed Bitcoin ( $79,658.00 ) in terms of daily fee generation, Cointelegraph reported. Data from Cryptofees showed that Uniswap ( $7.32 ) v3 was generating $4.5 million in daily fees at that time, while Bitcoin ( $79,658.00 ) was behind at the time with $3.7 million in daily fee generation.

Earlier this month, Unisawp officially went live on the BNB ( $710.79 ) Chain, Binance’s smart contract blockchain, after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy the protocol on the BNB ( $710.79 ) Chain. Through the move, Uniswap ( $7.32 ) users will have access to BNB ( $710.79 ) Chain’s ecosystem for trading and swapping tokens. The integration also allowed Uniswap ( $7.32 ) to tap into a pool of liquidity with BNB ( $710.79 ) Chain’s DeFi developer community.

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