Developers can now fork the Uniswap v3 protocol, as its Business Source License (BSL) expired on April 1, shows protocol documentation. Expiration is a highly anticipated event in the decentralized finance (DeFi) ecosystem, enabling developers to deploy their own decentralized exchanges (DEX).
The BSL license lasts for a limited period of time before being fully open source. The purpose is to protect the rights of authors to profit from their creations. The license for Uniswap v3, issued in 2021, will last for two years and prohibit commercial use of its code. A new license called the "General Public License" now applies to the agreement. To fork the code, developers will need to use an "extra use grant" -- a production exemption designed to accommodate both open source and commercial developers.
Uniswap, a widely used decentralized exchange considered the largest automated market maker in the DeFi space offers a platform where token creators, traders, and liquidity providers can swap tokens. Its native Uniswap Tokens are a popular way for investors to gain exposure to the DeFi market.
In May 2021, shortly after its launch, Uniswap v3 surpassed Bitcoin in terms of daily fees generated. Data from Cryptofees shows that Uniswap v3 generated $4.5 million in daily fees at the time, while Bitcoin generated $3.7 million.
Earlier this month, Unisawp officially went live on the BNB chain, Binance’s smart contract blockchain, after more than 55 million UNI token holders voted in favor of 0x Plasma Labs’ governance proposal to deploy the protocol on the BNB chain. With this move, Uniswap users can access the ecosystem of BNB Chain to trade and exchange tokens. The integration also allows Uniswap to access liquidity pools with BNB Chain’s DeFi developer community.
