Uniswap BNB Chain Deployment: Proposal Concludes with 66% Approval

The Uniswap DAO has concluded the final vote regarding the proposed deployment of Uniswap v3 on the BNB Chain. According to the details, the vote ended on Friday with a clear outcome.

The Uniswap BNB deployment proposal passes with 66% votes, demonstrating significant support within the community. The proposal had 80% favorable UNI token holder supporters previously in January. 66% of 80% of voters holding Uniswap’s UNI governance token have voted in favor of deploying the third version of the decentralized exchange protocol on BNB Chain, a rival of Ethereum.

What Does This Mean for Uniswap and BNB Chain?

Deploying to BNB Chain could help Uniswap to tap into the growing popularity of DeFi in the Binance ecosystem. BNB Chain offers unique features such as staking and cross-chain interoperability, potentially attracting new users and liquidity to Uniswap v3.

0xPlasma Labs to Handle Deployment

Under the proposal, 0xPlasma Labs will be given authority to deploy the Uniswap protocol on BNB Chain “on behalf of the community.” This delegation of authority aims to ensure a smooth and efficient implementation of Uniswap v3 on the new blockchain.

Stay tuned for further updates on the Uniswap v3 deployment on BNB Chain as this exciting development unfolds!