1. 0xPlasma Labs recently proposed to have Uniswap v3 deployed on the BNB Chain.
2. An initial vote on the proposal saw 80.28% of participants approve it, with 20 million tokens locked as part of the process.
3. The proposal is expected to go to a final governance vote in coming weeks.
Recently, 0xPlasma Labs, a decentralized finance (DeFi) and Metaverse NFTs platform, proposed to deploy Uniswap v3 on the BNB Chain. The move would bring Uniswap additional benefits from an ecosystem with nearly $1.2 billion in Total Value Locked (TVL) and a large, growing user base. To gauge the reaction to the proposal, an initial vote was put forward to the community.
The results of the vote saw 80.28% of participants approve the move. This approval was based on 20 million tokens being locked as part of the process, which is the largest amount of tokens ever locked for the entire Uniswap Governance History. A total of 6,495 holders of Uniswap’s native token UNI voted in favour, while 4.9 million UNI tokens, or roughly 19.72% of the holders, were against the move.
Given the strong approval of the proposal in the initial vote, it is expected that the final governance vote will take place in the coming weeks. The approval of the proposal is likely to have a significant impact on the Uniswap project, giving it the potential to benefit from the increased exposure and usage on the BNB Chain. The move could also see Uniswap become a major player in the DeFi space, with the potential to become one of the leading decentralized exchanges.
Ultimately, the approval of the proposal is an encouraging sign for the Uniswap project, and it will be interesting to see how the project develops as it moves to deployment on the BNB Chain. With the expected final governance vote in the coming weeks, the future of Uniswap is looking brighter than ever.