[RFC] Deploy Uniswap V3 on Sonic (formerly Fantom)
Overview:
This proposal advocates for deploying Uniswap V3 on Sonic (formerly known as Fantom Opera). All of the Uni V3 contracts have already been deployed on Sonic and no further actions need to be taken by the DAO.
About:
Sonic is an EVM layer-1 blockchain platform focused on delivering exceptional performance, enabling developers to scale their applications without limits while ensuring smooth user experiences with benefits such as:
● Bridge from Ethereum - Sonic Gateway
● 10,000 Transactions per Second
● Sub-Second Finality
● Fee Monetisation
● 100% EVM Compatible
● Solidity/Vyper Support
Key Benefits of Deployment:
Scalability and Speed: Sonic boasts the ability to process 10,000 transactions per second (TPS) with sub-second transaction finality, ensuring fast and irreversible transactions. This makes it highly efficient for applications requiring high throughput and low latency.
Availability of key Infrastructure: Sonic labs has confirmed integration of key infrastructure partners such as Alchemy, Safe, Etherescan, Chainlink, Gelato, Biconomy, Dune etc… to name a few making it extremely easy to onboard new builders.
Cost Efficiency: Operating on Sonic is cost-effective, with a 66% reduction in validator node costs and up to a 96% reduction in large-scale RPC node costs compared to previous solutions. This is coupled with advanced live-pruning capabilities that streamline node management.
EVM Compatibility: Sonic is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing smart contracts without modifications. This ensures seamless migration from other chains and expands the potential for onboarding new applications.
Innovative Funding and Airdrop: Sonic will have an airdrop campaign of 190,500,000 $S tokens to incentivise users and applications. In addition, the Sonic Labs Innovator Fund offers up to 200,000,000 $S from the Sonic Foundation treasury to expedite the immediate adoption of apps to the Sonic chain and support new innovative ventures.
Fee Monetization (FeeM): The FeeM program on Sonic, previously named Gas Monetization, offers developers up to 90% of the fees their apps generate, providing them with a sustainable income, retaining talented creators, and supporting network infrastructure.With Fee Monetization, we seek to foster a thriving ecosystem for builders, similar to the ad-revenue model on traditional web platforms.
Advanced Infrastructure: With enhanced node synchronization (10x faster than alternatives) and a significantly smaller database size, Sonic provides a robust and scalable foundation for blockchain operations.
👇 Read The Full Proposal Below 👇
https://gov.uniswap.org/t/rfc-deploy-uniswap-v3-on-sonic-formerly-fantom/25024