Uniswap Labs – the organization behind the popular DeFi exchange – announced the launch of Uniswap Labs Ventures. As such, it intends to “bring millions of people into the emerging Web3 economy” and invest in additional crypto enterprises.
Enter Uniswap Labs Ventures
In a recent blog post, the company said it was “proud of the products and core infrastructure” it has built so far. However, he has ambitions to interact more with the emerging universe of Web3, which is why he formed Uniswap Labs Ventures. The initiative will enable investments in the sector and also establish links with other crypto projects:
“Uniswap Labs Ventures will invest in teams at different stages and levels of the Web3 stack, from infrastructure to developer tools and consumer-facing applications. We’re also focused on investing in projects that are closely aligned with our values: building for the long term, collaborating openly with communities, and putting users first.”
The organization said it has experience in the field because so far it has invested in 11 entities and multiple native protocols across the Web3 ecosystem. Some examples include Tenderly, LayerZero, and MakerDAO.
Uniswap Labs noted that its crypto-native development team could support users in all their efforts: from formulating a strategy to engineering and design.
Additionally, the company said it recognizes the importance of “responsible protocol governance.” As such, the team will participate in on and off-chain governance, in collaboration with other communities:
“So far, we plan to participate in the governance systems of the MakeDAO, Aace, Compound, and Ethereum Name Service protocols.”
Latest updates from Uniswap
In late 2021, Uniswap Labs released an updated auto-router to optimize token swaps while providing gas savings. Specifically, the advanced feature improves trading pricing by routing transactions through Uniswap v2 and v3 protocols. This allows customers to track the exact cost of a trade in real time right from the app interface.
The upgrade also aimed to provide an energy-effective trading experience by lowering gas costs. The Uniswap app featured a USD estimate of the gas fee before submitting a swap. With that help, the application automatically sets prices based on the expected gas cost and the size of the transaction.
Shortly after, the decentralized exchange announced its launch on the Polygon Layer 2 protocol. The move followed a vote hosted by Polygon co-founder – Mihailo Bjelic – who previously praised it. The vast majority of participants supported the deployment of Uniswap v3 on the blockchain network.
