Uniswap Labs has hired its first chief operating officer

Uniswap Labs, the development studio associated with non-custodial cryptocurrency exchange, has added a new member to its ranks as it continues to vie for dominance in world of decentralized finance.

Uniswap Labs has hired Mary-Catherine Lader as its first chief operating officer. Lader, who joined the entity earlier this month, previously worked at multi-trillion dollar asset manager BlackRock where she led the team building sustainable investing tools for Aladdin, BlackRock's flagship portfolio management tool. 

As Uniswap Labs new COO, Lader will play a key role in working with the DeFi's project's community to expand its growth. Uniswap commands more than 50% marketshare in the decentralized exchange market.

"We are growing the Uniswap Labs team across product, engineering, growth and community," Lader said in a statement shared with The Block. "We’re working on partnerships to enable the use of the protocol as a neutral source of liquidity and exploring how we can bring DeFi/decentralization to new communities and users."

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Uniswap, along with much of the DeFi market, experienced breakneck volume growth throughout much of the first half of 2021, according to data from The Block. The DEX has seen about $40 billion worth of volumes this month. 

The project — which is backed by top investors including Paradigm and Andreessen Horowitz — recently released and launched Uniswap v3, which is supposed to make the protocol substantially more capital efficient.

This post has been updated for additional clarity. 

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