• 0xPlasma Labs proposed to deploy Uniswap v3 on the BNB Chain.
• A majority of participants in a community vote approved the move.
• The proposal is expected to go to a final governance vote in coming weeks.
Decentralized exchange Uniswap’s v3 protocol is expected to be deployed on the BNB Chain in the coming weeks, following an initial community vote that saw a majority of participants giving the move a thumbs up. The proposal was initiated by 0xPlasma Labs, a decentralized finance (DeFi) and Metaverse NFTs platform, on 12 December 2022.
On 22 January 2023, 0xPlasma Labs announced that 6,495 holders of Uniswap native token UNI voted in favour of the proposal, with a total of 20 million tokens locked as part of the process. This “temperature check” achieved the biggest number for the whole Uniswap Governance History, with 4.9 million UNI tokens, or roughly 19.72% of holders, voting against the move.
The proposal seeks to have Uniswap v3 deployed on the BNB Chain, where it could benefit from an ecosystem with nearly $1.2 billion in total value locked (TVL) and a large, growing user base. 0xPlasma Labs believes that deploying Uniswap v3 on BNB could provide users with enhanced user experience and better yield to stakers and liquidity providers.
The next step in the process is for the proposal to go to a final governance vote, where the community will be able to cast their vote and determine whether or not Uniswap v3 will be deployed on BNB Chain. It is expected that the final vote will take place in the coming weeks.
The proposal has drawn a significant amount of attention from the cryptocurrency community, with many users expressing their support for the move. If the proposal passes the final vote, it could potentially have a major impact on the DeFi space. It remains to be seen whether the proposal will be approved, but it is clear that it has the potential to revolutionize the way that users interact with Uniswap and the BNB Chain.