The proposal to add Uniswap to Celo has been under consideration since March, for a variety of reasons.
Celo’s energy efficiency was one of the key motivators. Celo is a Proof-of-Stake blockchain with a carbon offset fund. Uniswap intends to capitalize on this by creating “green asset liquidity pools” utilizing tokenized carbon credits.
The idea also calls for Celo to rebalance its reserve with green assets without relying on centralized markets.
On the user side, the proposal will provide $10 million in financial incentives to Uniswap users, supported by grants from the Celo Foundation. Celo’s mobile-first approach will also assist Uniswap in targeting its platform to the world’s 6 billion smartphone consumers.
“This is probably the most controversial thing that you’ll get me to say but eventually if it (Bitcoin) doesn’t move to proof of stake, nobody is going to use it. Because it is simply more efficient to build a proof-of-stake system.”
The newest speculation about Bitcoin adopting PoS comes as Ethereum prepares to convert to PoS.
Chris Larsen, one of the co-founders of crypto-payments business Ripple, recently garnered harsh criticism after announcing a $5 million campaign to persuade Bitcoin to change its mining mechanism, consume less energy, and be more environmentally friendly.
In 2020, Niklas Nikolajsen, the founder of Swiss crypto broker Bitcoin Suisse, anticipated that the crypto-asset would convert to PoS once the Ethereum network demonstrated the viability of the algorithm.