SNEAK PEAK
- a16z opposed the BNB Chain’s cross-chain Uniswap solution with 15 million UNI space.
- Uniswap (UNI) V3 deployment would employ the Wormhole bridge.
- In last week’s temperature check on deployment bridges, firm partners indicated they would vote for LayerZero.
The heavy hitters have already approved an early request to install the most recent version of Uniswap on the BNB Chain in advance of the upcoming full governance vote on the Uniswap (UNI) Decentralized Autonomous Organization (DAO). This is being done in preparation for the upcoming vote on the Uniswap (UNI) DAO.
In order to put into action Uniswap V3, OxPlasma Labs proposed making use of the Wormhole bridge that is hosted on BNB Chain. It was voted down by A16z with the assistance of its huge holdings in UNI. Both the venture capital company and Jump Crypto have major skin in the game, which pits the two of the most active VCs in the business against one another in a competitive environment.
a16z voted 15 million UNI against the final proposal to deploy Uniswap V3 on BNB Chain proposed by 0xPlasma Labs. The proposal uses Wormhole as a cross-chain bridge. a16z opposes the use of Wormhole and supports the use of LayerZero. https://t.co/XGUeM9mMe7
— Wu Blockchain (@WuBlockchain) February 5, 2023
According to a post on Twitter by Wu Blockchain, the founder of Compound Labs, Robert Leshner, who owns 5.76 million UNI tokens, voted in favour of the deployment of Uniswap V3 on the BNB Chain. 58.45% of the votes are in favour of the proposal, which indicates that the proposal has gained support. It is still not possible to say that the overall number of votes has reached 40 million UNI.
Compound Labs founder Robert Leshner, who owns 5.76 million UNI tokens, voted for the deployment of Uniswap V3 on the BNB Chain, with 58.45% of the votes in favor of the proposal now. The total number of votes still has not reached the 40 million UNI. https://t.co/YA73EaMr4M
— Wu Blockchain (@WuBlockchain) February 6, 2023
To be considered for implementation in accordance with the standards that Uniswap has established for the administration of the platform, a suggestion has to get support from a minimum of 4% of users.
