Three members of Uniswap's governance have proposed deploying Uniswap v3 to Coinbase's layer 2 network Base on May 17, with the aim of launching on the first day of the platform's mainnet launch. The proposal must be approved through an on-chain governance decision, requiring UNI token holders to vote on the matter. Coinbase has $80 billion of assets under custody, while Uniswap has only $4 billion in total value locked, according to the proposal. Base has already attracted other notable crypto projects during its testnet phase, but has been criticized for its ties to Coinbase's centralized company and potential compliance requirements.