Uniswap Community Votes YES to Deploying on BNB Chain!
The Uniswap community has spoken! A significant majority has voted in favor of deploying the Uniswap v3 protocol on BNB Chain, potentially marking a new chapter for the leading decentralized exchange. According to the latest proposal check for deploying the Uniswap v3 protocol to BNB Chain, the community showered favorable support on its forum.
Overwhelming Support for BNB Chain Deployment
The vote underscores a growing interest in expanding Uniswap's reach beyond Ethereum. A temperature check vote proposing to deploy Uniswap v3 on BNB Chain has passed with over 80% of the vote. This is despite community concerns about moving the A temperature check to gauge support in the Uniswap community for a possible move of the decentralized exchange’s V3 protocol to the BNB Chain saw 80% of UNI.
Details of the Proposal
The decision was driven by UNI holders, with 80% of voters holding Uniswap’s UNI governance token having voted in favor of deploying the third version of the decentralized exchange protocol on BNB Chain, a rival of Ethereum. Under the proposal, 0xPlasma Labs will be given authority to deploy the Uniswap protocol on BNB Chain “on behalf of the community.” The proposal also said that this deployment aims to enhance accessibility and offer lower transaction fees to a wider user base.
What This Means for Uniswap and BNB Chain
This move could significantly impact both the Uniswap and BNB Chain ecosystems. By deploying on BNB Chain, Uniswap gains access to a larger pool of users and liquidity. Meanwhile, BNB Chain benefits from the increased DeFi activity that Uniswap is likely to bring. The future of decentralized finance looks brighter with this collaborative step!