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.
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.
