[RFC] Deploy Uniswap V3 on XDC Network

Requests for Comment
1

Proposal Summary

  • The purpose of this post is to apply canonical Uniswap V3 deployment on XDC Network
  • All of the Uni v3 contracts have already been deployed
  • No further actions need to be taken by the DAO

Introduction

Uniswap has established itself as a leading DEX within the Ethereum ecosystem. As DeFi continues to evolve, integrating RWAs into liquidity pools presents a significant opportunity. The XDC Network, a hybrid blockchain optimized for institutional finance, offers near-zero gas fees, rapid transactions, and enterprise-grade compliance, making it an ideal infrastructure for RWA-based DeFi products.

Deploying Uniswap V3 on the XDC Network would grant traders access to regulated institutional capital markets, merging DeFi-native yield products with RWAs such as Private Credit, Trade Finance, and Money Market Funds. This initiative aligns with Uniswap’s vision of expanding decentralized liquidity across emerging asset classes.

Overview

XDC’s Institutional DeFi & RWA Strategy:

The XDC Network is actively promoting a DeFi expansion strategy centered on integrating regulated RWAs into DeFi liquidity pools. This program facilitates:

  • Tokenization of RWAs: On-chain representation of assets like Private Credit, Trade Finance, and Money Market Funds.
  • Enterprise Onboarding: Enables institutional investors and businesses to deploy capital in DeFi yield strategies.
  • Hybrid Liquidity Mechanism: Combines traditional finance (TradFi) with DeFi-native products to enhance market efficiency.

Key Features of XDC for DeFi & RWA Integration:

  • Significant TVL: The XDC Network has secured over $250 million in native Total Value Locked (TVL).
  • Near-Zero Gas Fees: Facilitates cost-effective transactions, encouraging institutional adoption of DeFi yield products.
  • EVM Compatibility: Ensures seamless integration with Uniswap V3.
  • ISO 20022 Compliance: Supports the operation of regulated financial products on-chain.
  • High Throughput: Offers over 2,000 transactions per second (TPS) with finality in 2 seconds, suitable for high-frequency trading and institutional transactions.

Key Benefits of Deploying Uniswap V3 on XDC

RWA Liquidity Pools:

  • Private Credit & Trade Finance: Uniswap V3 can incorporate RWA-backed liquidity pools, allowing DeFi traders to earn yields from real-world financial instruments. Tokenizing trade finance instruments, such as invoice financing, provides sustainable, uncorrelated yield opportunities.

Institutional-Grade DeFi Access:

  • Incentivized Liquidity Providers: XDC’s DeFi program offers incentives to liquidity providers.
  • Tokenization of Regulated Yield Products: Assets like Money Market Funds can be tokenized and integrated into the DeFi ecosystem.

Efficient, Cost-Effective Trading:

  • Minimal Transaction Fees: Near-zero fees ensure affordable swaps for both retail and institutional users.
  • Accessible Participation: Enterprise liquidity providers can engage in DeFi without incurring prohibitive costs.

Bridging Traditional Finance to DeFi:

  • Diverse Collateral Types: XDC’s partnerships in trade finance and structured credit markets introduce new collateral types to DeFi.
  • Sustainable Liquidity: Integrating regulated RWAs brings stable liquidity to Uniswap pools, reducing dependence on volatile crypto-native assets.

Proposal Plan/Timeline

  1. Governance Approval: Submit a proposal to the Uniswap governance forum to seek approval for deploying Uniswap V3 on the XDC Network.
  2. Deployment Preparation: Collaborate with GFX Labs to prepare for the deployment, ensuring all technical requirements are met.
  3. Bridge Integration: Work with bridge providers, such as CCTP and LayerZero, to establish secure cross-chain interoperability.
  4. Front-End Integration: Integrate the deployment with front-end interfaces like Oku to provide users with a seamless trading experience.
  5. Community Engagement: Engage with the Uniswap and XDC communities to promote the deployment and encourage participation.

Proposal Stakeholders

Conclusion

Deploying Uniswap V3 on the XDC Network represents a strategic advancement in integrating Real-World Asset (RWA) liquidity into DeFi. By merging regulated institutional capital markets with decentralized finance, XDC creates an on-chain marketplace for Private Credit, Trade Finance, and Money Market Funds.

Why Uniswap Should Deploy on XDC:

  • Access to Institutional Liquidity: Brings institutional liquidity to Uniswap through tokenized RWAs.
  • Cost-Effective Trading: Enables affordable DeFi trading with near-zero transaction fees.
  • Sustainable Liquidity Sources: Establishes stable, long-term liquidity sources for DeFi.
  • Leadership in RWA Integration: Positions Uniswap as a pioneer in the RWA revolution.

By deploying Uniswap V3 on the XDC Network, we can bridge the gap between traditional finance and decentralized finance, unlocking new opportunities for liquidity providers and traders alike.

Deployment Details

As is the case with all canonical v3 deployments, this deployment will be subject to Ethereum Layer 1 Uniswap Protocol governance and control. The text record of the uniswap.eth ENS subdomain titled v3-deployments.uniswap.eth will be amended by the Accountability Committee to include the reference to the stated v3 contracts.

Contract Addresses:

v3CoreFactoryAddress: 0xcb2436774C3e191c85056d248EF4260ce5f27A9D

multicall2Address: 0x5d6b0f5335ec95cD2aB7E52f2A0750dd86502435

proxyAdminAddress: 0x0d922Fb1Bc191F64970ac40376643808b4B74Df9

tickLensAddress: 0xB3309C48F8407651D918ca3Da4C45DE40109E641

nftDescriptorLibraryAddressV1_3_0: 0xE3dbcD53f4Ce1b06Ab200f4912BD35672e68f1FA

nonfungibleTokenPositionDescriptorAddressV1_3_0: 0x454050C4c9190390981Ac4b8d5AFcd7aC65eEffa

descriptorProxyAddress: 0x38EB9e62ABe4d3F70C0e161971F29593b8aE29FF

nonfungibleTokenPositionManagerAddress: 0x743E03cceB4af2efA3CC76838f6E8B50B63F184c

v3MigratorAddress: 0x8B3c541c30f9b29560f56B9E44b59718916B69EF

v3StakerAddress: 0x6Aa54a43d7eEF5b239a18eed3Af4877f46522BCA

quoterV2Address: 0x5911cB3633e764939edc2d92b7e1ad375Bb57649

swapRouter02: 0xaa52bB8110fE38D0d2d2AF0B85C3A3eE622CA455

Permit2: 0xB952578f3520EE8Ea45b7914994dcf4702cEe578

Universal Router: 0x738fD6d10bCc05c230388B4027CAd37f82fe2AF2

unsupported: 0xdD489C75be1039ec7d843A6aC2Fd658350B067Cf

LimitOrderRegistry: 0x1b35fba9357fd9bda7ed0429c8bbabe1e8cc88fc

MasterKeeper: 0x9db70e29712cc8af10c2b597bada6784544ff407

UniswapWormholeMessageReceiver: 0x7d133a1Ff7B2E552beb6480A30cdfF70A4C5aa62

Timeline:

Uniswap V3 has already been deployed on the XDC Network