80% of UniSwap holders support BNB chain for V3 protocol.

Uniswap (UNI), a decentralized protocol, is set to roll out the third version of its platform. The purpose of the protocol is to provide a convenient platform where users can seamlessly exchange ERC-20 tokens without using an order book.

For the v3 launch, the protocol conducted a ‘temperature test’ for potential blockchain use. The proposal was to deploy Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal allowed the UNI community to vote on its governance forum using its UNI tokens.

Surprisingly, about 80% of UNI holders supported the deployment of Uniswap v3 on Ethereum’s rival, the BNB chain. Unfortunately, this left a small percentage of the votes for the Ethereum blockchain, making it lose the temperature check proposal.

0xPlasma Labs, a decentralized financial protocol, contributes to the proposal. According to a post on Twitter, the firm noted That proposal “temperature check” received 20 million votes for ‘yes’. In addition, support votes came from 6,495 $UNI voters, the most significant voting turnout in the history of Uniswap’s governance system.

The CEO of 0xPlasma Labs listed the benefits of deploying Uniswap V3 on the BNB chain

Recently, Ilya Maximinka, CEO of 0xPlasma Labs, wrote Uniswap v3 protocol deployment proposal. The CEO presented his argument on the benefits of deploying the new v3 protocol on the BNB chain.

Maximinka cited the expiration of Uniswap’s license as one of the reasons for choosing BNB Chain. In addition, he mentioned that there are several packages in China that will help Uniswap grow in popularity in the DeFi space. Some include more transactions, lower fees, staking opportunities, cross-chain support, etc.

Also, the CEO acknowledged that Binance has gained a global presence, touted as the largest crypto exchange in the world. Therefore, as a strong brand, using the BNB chain will rapidly drive awareness and adoption of the v3 version globally for UniSwap.

The proposal receives support.

The proposal has received support from other firms and crypto participants. For example, ConsenSys, the blockchain software company behind one of Ethereum’s most important clients, is optimistic about the deployment move.

Cameron O’Donnell, DAO Governance Strategist at ConsenSys, revealed Company position. First, the firm noted the need for UniSwap to remain agnostic in its services to customers, particularly in the Web3 space, despite its license expiring in April.

Therefore, O’Donnell maintained that current and future platform users will enjoy a secure and robust platform for decentralized exchanges through BSC Market. Other Supportive comments It comes from Coinbase CEO, Brian-Armstrong, and Modong is also optimistic about Uniswap v3 deployment on BNB Chain.

After approval of UniSwap Governance Community’s proposal, the Plasma Finance team started its work. The team noted that it could take five to eight weeks to deploy all relevant Uniswap smart contracts to the BNB chain.

gave Price performance During the last 30 days, UNI was completely in a positive lane. The token has gained more than 28% in the past month and has gained a modest 0.38% in the past seven days.

80% of UniSwap holders support the BNB PoS chain for V3 protocol deployment
UNI is trending downward on the daily candle UNIUSDT at Tradingview.com

But at the time of writing, UNI is trading at $6.60indicates a decrease within the last 24 hours.

Featured image from CityAM, charts from TradingView



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