Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will provide users with the ability to swap on layer 1 or layer 2 networks without switching blockchains.
According to Uniswap Labs, the wallet will allow users to view price charts and search for any token across various networks, including Ethereum, Polygon, Arbitrum and Optimism. To ensure maximum security, Uniswap Labs has partnered with Trail of Bits to audit wallets. Additionally, the seed phrase and private key for imported and newly created wallets will be encrypted using Apple's Secure Enclave and stored on the device, which is not included in device backups. Uniswap also shared that users will be able to manually store their seed phrase using a paper copy, or encrypt it and store it on iCloud.
Although Uniswap Labs’ first version was approved in October, its mobile wallet is still facing issues with Apple’s App Store. While other self-hosted exchange wallets have been approved, the final version of the Uniswap mobile wallet was rejected by Apple days before its planned December 2022 launch.
Uniswap Labs said it responded to Apple’s concerns, answered all of its questions, and reiterated that it complied with its guidelines. However, Apple still hasn’t approved the launch, and Uniswap Labs remains in limbo. So it gave early access to a few thousand Testflight users while it waited for Apple to approve the release. On February 6, Cointelegraph reported that members of the Uniswap community voted in favor of deploying Uniswap v3 on the layer-2 protocol of Boba Network on Ethereum, which means that Boba Network will become the sixth chain to deploy Uniswap v3. The move is backed by multiple entities such as GFX Labs, Michigan-based Blockchain, Gauntlet, and ConsenSys.
