Developers can now fork the Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, according to sample protocol documentation. The expiration was a highly anticipated event in the DeFi ecosystem, as it allows developers to deploy their own decentralized exchange (DEX).
The BSL is a type of license that is intended to last for a certain period before becoming fully open source. In general, the purpose is to protect the author’s right to benefit from his creations. The Uniswap v3 license was published in 2021 for a two-year term, preventing commercial use of its code. A new license called the General Public License now applies to the protocol.
To fork the code, developers will need an Additional Use Grant, a production exemption intended to meet the needs of both open source and commercial developers.
Uniswap is a widely used decentralized exchange, considered the largest automated market maker (AMM) in the DeFi space, providing a platform where token creators, traders, and liquidity providers trade tokens. Its UNI (UNI) token is a popular way for investors to gain exposure to the DeFi market.
In May 2021, shortly after its launch, Unisawp v3 surpassed Bitcoin in terms of daily commission generation, Cointelegraph reported. Data from Cryptofees showed that Uniswap v3 was generating $4.5 million in daily fees at the time, while Bitcoin was trailing behind at the time with $3.7 million in daily fees.
Earlier this month, Unisawp officially arrived on BNB ChainBinance’s smart contract network, after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy the protocol on BNB Chain. Thanks to this move, Uniswap users will have access to the BNB Chain ecosystem to trade and exchange tokens. The integration also allowed Uniswap to access a liquidity pool with the BNB Chain DeFi developer community.
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