Wormhole wins second 'temp check' to become bridge for Uniswap governance

The Uniswap DAO has approved a 2nd non-binding proposal, called a “temperature check,” to marque Wormhole the authoritative span for cross-chain governance of the protocol betwixt BNB Chain and Ethereum, according to the authoritative connection page.

BREAKING: Wormhole has won the ballot to beryllium Uniswap's designated span to the Binance Chain! This is simply a large measurement guardant successful the improvement of the DeFi ecosystem. #DeFi #BNBChain #Uniswap #Wormhole

— BitArchive (@ChainArchives) January 31, 2023

The connection volition present go portion of a last program to deploy Uniswap V3 to the BNB Chain, which volition spell up for a binding governance ballot astatine immoderate constituent successful the future.

Wormhole was up against 3 rival span solutions successful the DAO’s referendum: LayerZero, deBridge and Celer. It got a wide bulk with 62.31% of the vote. LayerZero was 2nd with 37.58%, and DeBridge and Celer each got little than 0.1%.

This is the 2nd clip the Uniswap DAO has attempted to scope statement connected the prime of bridging solutions. On Jan. 21, the DAO voted successful a temp cheque to deploy Uniswap V3 connected the BNB Chain and to utilize Celer span to grip cross-chain governance votes. However, adjacent earlier this ballot had finished, immoderate assemblage members had started to express information and centralization concerns regarding utilizing Celer bridge.

Related: DeFi auditor gets $40,000 for identifying Uniswap vulnerability

On Jan. 27, DAO members began voting connected this 2nd somesthesia cheque to determine specifically connected the prime of bridge, with the knowing that the determination to deploy to BNB concatenation had been settled successful the erstwhile vote.

The Solana-Ethereum mentation of Wormhole was hacked successful February 2022, allowing the attacker to summation $321 cardinal worthy of crypto successful 1 of the largest decentralized concern exploits ever. However, the Wormhole squad replaced the Ether (ETH) successful the span to reimburse users, and the BNB-Ethereum mentation of the span doesn’t look to person been affected by the exploit.

LayerZero was precocious the taxable of controversy, arsenic a rival developer accused the bridging protocol of having security vulnerabilities. The LayerZero squad has rejected the accusation, claiming it is misleading.