Dao Proposal Response – Implement V3 Pools

Dao Proposal response - Implement V3 pools

🗳 Our community recently proposed “Implement V3 pools” with 75.24% Against, 20.03% For, and 4.72% Abstain.

🙏 We extend our sincere appreciation to all who proposed this initiative and to every DAO holder who actively participated in the vote.

✨ Both Uniswap V2 and Uniswap V3 have their pros and cons. Uniswap V2 is simpler, more widely adopted, convenient for yield farming, intensely battle-tested, easy to manage, and entails less impermanent loss for retail liquidity providers. Whereas, Uniswap V3 is more capital-efficient, features much more complex code, non-fungible liquidity, complex LP management for volatile assets, and entails more impermanent loss.

♾ At ZF, from the beginning, we have prioritized simplicity and balance between traders and liquidity providers. Our users/liquidity providers are mainly end-users/retailers. Hence, Uniswap v2 is more suitable for our platform/users niche to bootstrap. Additionally, due to its simplicity, Uniswap V2 is easy to maintain and ensure its security.

♾ Of course, this does not rule out the possibility of new V3 pools in the future; it’s just not appropriate at the moment, as moving from V2 to V3 is a painful process and takes a lot of time/resources (contract/front-end development, audit, migration, and users losing risk).

🌟 Once again, thank you to every DAO holder for the proposal and the vote.

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