80% of Uniswap’s Community Supports Deploying v3 on BNB Chain
- Close to 6,500 wallets participated in the preliminary poll to deploy Uniswap v3 on BNB Chain, with 80% of UNI tokens being cast in favor of the move.
- The “temperature check” vote was initiated by Plasma Labs, which argued that the move was warranted due to BNB Chain’s large and growing user base.
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A “temperature check” proposal to deploy popular decentralized exchange Uniswap v3 on the BNB Chain has received major support from the DEX’s community, Plasma Labs said via Twitter on 22 January.
According to the announcement, close to 6,500 wallets participated in the preliminary poll — the biggest number of wallets in the “whole Uniswap Governance History” — with 80% of the 25 million UNI tokens being cast in favor of the move. Now that the proposal to launch Uniswap v3 on the BNB Chain has passed the “temperature check” it will be put to a full governance vote.
If the proposal passes its final vote, BNB Chain will become the sixth blockchain supported by Uniswap v3, the rest being Ethereum, Polygon, Arbitrum, Optimism, and Celo. Plasma Labs noted that its proposal — which listed Celer as the preferred bridge protocol for the move — was warranted due to the large and growing user base of the network, as well as its high transaction speeds and low fees.
Data from DeFi Llama indicates that the popular DEX has more than $3.4 billion worth of various tokens, with over $2.6 billion of those tokens being on its v3 itteration. According to Plasma Labs, one of the benefits of deploying on BNB Chain was that it could attract “1-2 million new users” to the DEX, as well as at least $1 billion in additional liquidity.
- On Saturday, the Tornado Cash DAO passed a malicious proposal that allowed an attacker to gain full control over the crypto mixer’s governance system.
- Hours after the incident, the attacker published a new proposal that, if passed, would return the governance control back to TORN token holders.
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- After passing its governance vote, the proposal to deploy Uniswap v3 on Boba Network has been scheduled to proceed in the coming weeks.
- Boba Network claimed the decision will allow Uniswap to expand into the Asian market, and enable developers to build on and off-chain DeFi applications on top of Uniswap.
- The governance proposal to launch Aave v3 on the Ethereum network passed unanimously, with all participating AAVE token holders voting in favor.
- The third version of Aave will exist alongside v2, and will initially support seven assets, including wBTC, wETH, wstETH, USDC, DAI, LIMK, and AAVE.