Uniswap DAO Supports Uniswap M3 on BNB Chain

Key Points: The proposal for the deployment of Uniswap V3 to the BNB Chain was approved by the Uniswap DAO through voting.
The proposal was supported by 66% of the voting population. The proposal was supported by delegates with significant voting power, such as Robert Leshner, founder of Compound Finance and ConsenSys.
Andreessen Horowitz, a16z, voted against the proposal and deployed 15 million votes. The deployment will take place after 14:08 UTC on Tuesday, February 12.
Uniswap DAO has completed the final vote for the planned deployment Uniswap v3 to the BNB Chain. The plan was supported by 66% of the vote. Robert Leshner, creator of Compound Finance and ConsenSys (an Ethereum software company), both had significant voting influence and supported it. Andreessen Horowitz, a giant of venture capital, cast 15 million votes in opposition to the proposal. This vote sparked a lot of discussion about the governance structure for crosschain app deployments. Other delegates and bridge providers opposed the deployment’s continued with Wormhole being the only bridge provider chosen. A bridge provider is a technology that transports crypto tokens between networks that support it. They advocated a bridge-neutral approach. a16z preferred LayerZero to Wormhole. This is because Uniswap’s v3 license expires April 1. This license prohibits imitation protocols being introduced on other platforms. A bridge assessment committee has been established for Uniswap as a result. This group will create the governance proposal’s structure, which will serve as a roadmap for further cross-chain deployments.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: A16zBNB ChainConsenSysUNIUniswap DAOUniswap V3