Uniswap DAO votes to deploy third version on BNB Chain

Uniswap DAO has voted for the deployment of Uniswap v3 on the BNB chain. OxPlasma Labs will facilitate the deployment, and the Wormhole bridge will be used for cross-chain governance messaging.
Dot
February 10, 2023
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

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Hayden Adams; Photo Source: CoinDesk

Automated liquid provider, Uniswap, has finally completed voting for the proposed deployment of Uniswap v3 on the BNB chain. Uniswap’s decentralized autonomous organization (DAO) participated in what was termed “an intense vote.”

OxPlasma Labs, which submitted the Governance Proposal to deploy Uniswap v3 on the BNB chain, announced this in a Twitter post. The company claimed this was a victory for progress and innovation in the decentralized world.

The vote, which ended today, had about 66% of the DAO delegates in support of the move. On the other hand, 34% of the community members were against the move, while 0.53% abstained from voting. 

Some of the major delegates who favored the move include the Ethereum software company, Consensys, Compound Finance founder, Robert Leshner, and GFX Labs. Meanwhile, venture capitalist, Andreessen Horowitz, voted against the move, with a total of 15 million votes. 

Also, in a bid to incorporate trust-minimized bridges for governance, the teams on the Governance Forum presented four bridge solutions. They are Celer, Wormhole, DeBridge, and Layer Zero. 



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After complex discussions and voting on the Snapshot, the community chose  Wormhole bridge to deploy Uniswap v3 on the BNB chain. Wormhole is one of the first and longest-serving arbitrary protocols, with about two million messages generated daily between asset transfers. 

According to a statement by OxPlasma Labs which reiterates the bridge’s security, 

“Wormhole is secured by 19 validators (aka: Guardians) who jointly attest to messages. Each message must be attested by at least 13 of the 19 Guardians. Our Guardian set comprises the leading PoS validators, including Staked, Figment, Chorus One, P2P, and more.”

OxPlasma Labs states the deployment will be done immediately and announced by next week. 

Uniswap DAO votes to deploy third version on BNB Chain

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Hayden Adams; Photo Source: CoinDesk

Automated liquid provider, Uniswap, has finally completed voting for the proposed deployment of Uniswap v3 on the BNB chain. Uniswap’s decentralized autonomous organization (DAO) participated in what was termed “an intense vote.”

OxPlasma Labs, which submitted the Governance Proposal to deploy Uniswap v3 on the BNB chain, announced this in a Twitter post. The company claimed this was a victory for progress and innovation in the decentralized world.

The vote, which ended today, had about 66% of the DAO delegates in support of the move. On the other hand, 34% of the community members were against the move, while 0.53% abstained from voting. 

Some of the major delegates who favored the move include the Ethereum software company, Consensys, Compound Finance founder, Robert Leshner, and GFX Labs. Meanwhile, venture capitalist, Andreessen Horowitz, voted against the move, with a total of 15 million votes. 

Also, in a bid to incorporate trust-minimized bridges for governance, the teams on the Governance Forum presented four bridge solutions. They are Celer, Wormhole, DeBridge, and Layer Zero. 



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Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


After complex discussions and voting on the Snapshot, the community chose  Wormhole bridge to deploy Uniswap v3 on the BNB chain. Wormhole is one of the first and longest-serving arbitrary protocols, with about two million messages generated daily between asset transfers. 

According to a statement by OxPlasma Labs which reiterates the bridge’s security, 

“Wormhole is secured by 19 validators (aka: Guardians) who jointly attest to messages. Each message must be attested by at least 13 of the 19 Guardians. Our Guardian set comprises the leading PoS validators, including Staked, Figment, Chorus One, P2P, and more.”

OxPlasma Labs states the deployment will be done immediately and announced by next week. 

Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

Automated liquid provider, Uniswap, has finally completed voting for the proposed deployment of Uniswap v3 on the BNB chain. Uniswap’s decentralized autonomous organization (DAO) participated in what was termed “an intense vote.”

OxPlasma Labs, which submitted the Governance Proposal to deploy Uniswap v3 on the BNB chain, announced this in a Twitter post. The company claimed this was a victory for progress and innovation in the decentralized world.

The vote, which ended today, had about 66% of the DAO delegates in support of the move. On the other hand, 34% of the community members were against the move, while 0.53% abstained from voting. 

Some of the major delegates who favored the move include the Ethereum software company, Consensys, Compound Finance founder, Robert Leshner, and GFX Labs. Meanwhile, venture capitalist, Andreessen Horowitz, voted against the move, with a total of 15 million votes. 

Also, in a bid to incorporate trust-minimized bridges for governance, the teams on the Governance Forum presented four bridge solutions. They are Celer, Wormhole, DeBridge, and Layer Zero. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


After complex discussions and voting on the Snapshot, the community chose  Wormhole bridge to deploy Uniswap v3 on the BNB chain. Wormhole is one of the first and longest-serving arbitrary protocols, with about two million messages generated daily between asset transfers. 

According to a statement by OxPlasma Labs which reiterates the bridge’s security, 

“Wormhole is secured by 19 validators (aka: Guardians) who jointly attest to messages. Each message must be attested by at least 13 of the 19 Guardians. Our Guardian set comprises the leading PoS validators, including Staked, Figment, Chorus One, P2P, and more.”

OxPlasma Labs states the deployment will be done immediately and announced by next week. 

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Chiagoziem Bede Ikwueze