1 year ago
The connection to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% yes votes connected Feb. 10, adjacent though Andreessen Horowitz (a16z) utilized its 15 cardinal votes to reason it connected Feb. 6.
The results amusement that 65.89% agreed with the deployment, 33.57% voted against it, and different 0.53% abstained. ConsenSys, Compound Finance CEO Robert Leshner, and GFX Labs were amongst the astir influential yes voters, with 7.03 million, 5.76 million, and 4.92 cardinal UNI tokens, respectively.
The proposal
The deployment was 0xPlasma Labs CEO Ilia’s idea. Illia argued deploying Uniswap V3 to BNB Chain could bring an further 1 to 2 cardinal users arsenic good arsenic astir $1 cardinal successful Total Value Locked (TVL). He suggested leveraging wormholes to summation adoption for the Uniswap platform.
0xPlasma Labs submitted a connection connected Dec. 12, 2022, which secured an archetypal governance approval connected Jan. 23, with implicit 80% of the participants voting yes.
a16z disagrees
0xPlasma Labs submitted different connection connected Feb.3 for last approval. On Feb. 6, a16z utilized each its 15 cardinal UNI tokens to ballot against the proposal. The institution said it didn’t judge that the wormhole exertion would connection the astir unafraid bridging option, citing breaches and information failures.
16z’s voting bloc sparked questions astir Uniswap’s decentralization. With the 41.5 cardinal UNI tokens held successful 11 antithetic wallets, a16z represented much than 4% of the supply, which gave it an evident vantage successful governance proposals.
The station Uniswap BNB deployment passes with 66% yes votes contempt a16z rejection appeared archetypal connected CryptoSlate.
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