- Celo has stopped the blockchain and validators are investigating the issue.
- Uniswap v3 was introduced to the Celo network a few hours ago, but there is no confirmation that this was relevant.
- The collaboration between Uniswap and Cyril focuses on rehabilitation finance, an environmentally friendly initiative.
According to a tweet posted on July 14, the Celo network has shut down the blockchain. The funds are not at risk and it is unclear what the problem is, but the Celo team states that validation is working to identify and resolve the problem. So far, Celo has been down for nearly half a day.
However, there is no evidence to confirm this, but the recent deployment of Uniswap v3 may be related to the issue as it ran on the Celo network hours before the Uniswap v3 protocol went down. The outage occurred at a block height of 14,035,19.
The outage does not seem to affect the price of CELO at all. Many community members are eagerly awaiting ReFi, which is the focus of Uniswap and Cyril’s collaboration, so validators and teams should be able to come up with a fix right away.
Uniswap and Celo have been working together to deploy Uniswap v3 in Celo for an environmentally friendly initiative. The idea is to create a ReFi model that offers many green benefits.
The collaboration press release describes how it can help fight climate change.
“Uniswap’s capital-efficient decentralized exchange provides access to and liquidity to the voluntary carbon market, and is the way for Climate Collective partners to begin integrating” programmable carbon “to accelerate climate change response. Open. “
News Uniswap for many reasons
Uniswap remains one of the most popular DEX in the crypto market, and the market crash has not slowed its growth. The company became former president of the New York Stock Exchange in June 2022 and also acquired NFT aggregator Genie. The NFT plan is expanding.
Uniswap, like many other companies, is enthusiastic about web3, both inside and outside the crypto space. We will set up a venture division to fund Web3 projects and participate in the governance of portfolio protocols starting with Aave, Compound Finance, Maker Dao and ENS Domains.
Meanwhile, Binance CEO Changpeng Zhao said Uniswap V3 could be abused. He then had to protect himself, and this exploit was later confirmed to be a false positive.
