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Uniswap Introduces Web Extension for Native Wallet and Uni.eth Domain Feature

    Uniswap, the decentralized exchange (DEX) platform, has announced the launch of a web extension for its native wallet, bringing convenience and accessibility to users. The extension is accompanied by a waitlist for those who have claimed a uni.eth username, with access to the beta being granted in the order of username claims. Similar to existing self-custodyCustody Managing your wallet by knowing your private key. wallets like MetaMask, the Uniswap Wallet extension enables users to conduct various transactionsTransaction Exchange of value, property, or data between two parties., including sending, receiving, buying, and swapping tokens and altcoins directly from their web browsers.

    The integration of the uni.eth domain, facilitated by the Ethereum Name Service, allows users to convert their 0x addresses into personalized usernames. Notably, over 100,000 uni.eth subdomains have already been claimed as of February 25, indicating significant user interest.

    Amidst these developments, Uniswap’s namesake token has experienced a notable surge in value, rising by over 80% in the past month. This growth coincides with a proposal aimed at incentivizing protocol fee rewards for UNI holders who have staked and delegated their tokens. Proposed by Uniswap Foundation’s governance lead, Erin Koen, the upgrade seeks to maintain the DEX’s immutability, enhance security measures, and facilitate future experimentation.

    Koen highlighted the importance of immutability in safeguarding against potential vulnerabilities, stating that the removal of certain functions would mitigate the risk of bugs being introduced during protocol upgrades. Discussions surrounding the proposal are ongoing, with the aim of optimizing the security and functionality of the Uniswap ecosystem.

    Looking ahead, Uniswap is set to launch its V4 DEX in the third quarter of 2024 following a major Ethereum upgrade, as previously reported by Cointelegraph. These developments underscore Uniswap’s commitment to innovation and user empowerment within the decentralized finance (DeFi) space. (Source: CoinTelegraph)