Most of the developers will now be allowed to fork the protocol of Uniswap v3 as its Business Source License recently expired on the 1st of April- according to the protocol documentation.
This expiration was considered to be a much-anticipated event at the interiors of the decentralized finance ecosystem- which would enable developers to start deploying their own decentralized exchange, The BSL usually lasts for a very limited period before it becomes completely open. The purpose of this license is to protect the right of the authors to profit from the creations. The license was released in 2021 for a couple of years- which prevented the code from being used commercially. A new license- referred to as a General Public License- would now be applicable to this protocol.
Uniswap Has Expired Its BSL License
In order to fork the code of Uniswap, the developers will now have to use an Additional Use Grant– this is an exemption from production- which will accommodate both the needs of commercial developers and open-source. For those wondering, v3 is a widely utilized decentralized exchange- and is also considered the biggest automated market maker in the space of DeFi. This market maker provides a platform where traders, token creators, and providers of liquidity swap the tokens. The native token has also been considered quite a popular way for investors to start gaining exposure to the market of Defi.
After Uniswap was launched in May 2021, it surpassed Bitcoin in terms of the generation of daily fees. According to data from Cryptofees, it was understood that the platform was generating around $4.5 million in daily fees during this period, while Bitcoin was generating a sum of $3.7 million.
