• 0xPlasma Labs has proposed that Uniswap v3 be deployed on the BNB Chain.
• An initial vote on the proposal saw 80.28% of participants approve it.
• The proposal is expected to go to a final governance vote in coming weeks.
Uniswap v3, the decentralized exchange protocol, could soon be deployed on Binance Chain after a majority of participants in a community vote approved a proposal from 0xPlasma Labs. The proposal was initially announced on December 12th, 2022, and was followed by a “temperature check” on January 22nd, 2023 which saw a record number of 6,495 Uniswap (UNI) token holders taking part in the vote. A total of 20 million UNI tokens were locked for the vote, with 80.28% of the participants giving the move a thumbs up.
The 0xPlasma Labs proposal seeks to have Uniswap v3 deployed on the BNB Chain, which could benefit from an ecosystem with nearly $1.2 billion in total value locked (TVL) and a large, growing user base. If the proposal passes the final governance vote, it is expected to be a major step forward for Uniswap, as it would give users access to a wider range of assets and provide a more efficient trading experience.
In order to further explain the proposal, 0xPlasma Labs has also made a detailed technical presentation which outlines the proposed changes and how they will benefit Uniswap users. It also explains how the transition from Uniswap v2 to v3 will be done securely and with minimal disruption. The final governance vote on the proposal is expected to take place in the coming weeks, and if it is approved, Uniswap users will be able to enjoy all the benefits of the new protocol.
The success of the proposal could also have a positive impact on the BNB Chain, which already has a strong user base and is seeing an increasing number of projects launching on its platform. If Uniswap v3 is deployed, it could bring more users and liquidity to the chain, and could potentially be a major catalyst for its growth.
Overall, the proposal to deploy Uniswap v3 on the BNB Chain has been positively received by the community, and is expected to go to a final governance vote soon. If it is approved, it could bring a wealth of benefits to both Uniswap users and BNB Chain users, and could be a major step forward for the DeFi space.