Proposal to start Uniswap on B.Sc passes with 80% votes

The proposal to launch Uniswap v3 on BNB Smart Chain (BSC) was presented with 80% support of $UNI votes, a total of 20 million votes. Now it’s time for the next and final step, the “Governance Proposal”.

Uniswap and BSC will be mutually beneficial.

OxPlasma said that a Twitter post That the proposal to deploy the Uniswap v3 protocol (fee tier: 1, 0.3, 0.05, 0.01) on the BNB chain passed the “temperature test”, receiving the highest Uniswap governance vote in history. . 20 million votes were in favor, which was 80% of the electorate.

Notably, the voting period started on January 17 and ended five days later on January 22.

There were many in the community. Reasons Behind the decision was that Uniswap was ready to deploy BNB on China.

First, BNB chain users currently have a very high growth rate and therefore provide Uniswap v3 with an opportunity to test a new market. It will receive an additional $1 billion of TVL and fees earned for LPs.

In addition, it expects around 1-2 million additional users and UNI holders, earning more respect from DeFi devs.

The deployment will benefit not only Uniswap v3 but also the BNB chain. BNB China will use Uniswap’s decentralized exchange ecosystem for more efficient trading services.

Additionally, its bridge will support the BNB chain, creating a better liquidity source with less slippage. Finally, they will educate the BNB community about what real DeFi and production is, for example with Uniswap v3.

Disrupt the routine

Uniswap’s entry officially signals an impending battle to maintain dominance over BNB China. Panckaeswap, a longtime leader, faces the super-heavyweight Uniswap v3, among other players in the field of DEXes, such as Trader Joe’s and Wombat Exchange.

At the time of writing, Uniswap has a total value lock (TVL) of $3.65 billion. Most of them are assets. Ethereum, the amount to $3.141 billion. On the other hand, Polygon has $101.94 million, Optimism has $47.04 million, Arbitrum has $85.08 million, and Celo has $1.26 million.

These numbers are expected to increase over time as new markets explore the DEX.

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