Celo Halted Its Blockchain, Validators Investigating The Issue
Uniswap And Celo Partnership
The recent deployment of the Uniswap V3 protocol, which became live on the Celo network hours before it was suspended at block height 14,035,19, is related to the problem, despite the lack of evidence to its support. The price of CELO appears to have been unaffected by the stoppage. As many community members eagerly await regenerative financing (ReFi), which the Uniswap and Celo partnership have been focusing on, the validators and the team should hopefully be able to come up with a fix shortly.
Uniswap and Celo have been deploying Uniswap V3 on Celo with the goal to develop regenerative finance (ReFi) model that offers numerous environmental advantages.
The press release for the collaboration describes how it will help in the fight against climate change,
"Uniswap's capital-efficient decentralized exchange brings access and liquidity to the voluntary carbon market, paving the way for Climate Collective partners to begin integrating 'programmable carbon' and accelerate climate action."
Uniswap - The Topic Of Discussion For Many Reasons
Despite the market fall, Uniswap is still one of the most well-liked DEXs in the cryptocurrency industry. In addition to hiring a former New York Stock Exchange president in June 2022, the corporation also purchased the NFT aggregator Genie, expanding its NFT plans. Uniswap is available on Web3, like many other companies, both in and out of the crypto space. It has established a venture arm to fund Web3 projects, which will also participate in the governance of portfolio protocols beginning with Aave, Compound Finance, Maker Dao, and ENS Domains.
