Uniswap Foundation provides $235000 funding to ChainHopper development team for cross chain LP migration protocol

BlockBeats News: On May 30th, according to official sources, the Uniswap Foundation announced funding for the ChainHopper development team for a cross chain LP migration protocol. This protocol will support one click migration of Uniswap liquidity provider (LP) positions to different EVM chains and will assist in the migration of liquidity to Unichain and the upcoming Uniswap v4. Currently, if users want to transfer LP positions from one chain to another, they must go through multiple tedious steps: removing liquidity, bridging each token across different chains, waiting for confirmation, and rebuilding positions on the target chain. To help users manage LP positions more efficiently, the Uniswap Foundation has provided $235000 in funding to Melio for the development of the ChainHopper protocol. At present, the protocol has been launched on the mainnet, Unichain, Base, Arbitrarum, and Optimism.