Uniswap v3’s Big Move: Community Backs Deployment on BNB Chain

Uniswap Community Gives Thumbs Up

The Uniswap community has spoken, and it seems they are all aboard the BNB Chain express! A recent “temperature check” proposal revealed that a whopping 80% of voters holding the UNI governance token are keen on deploying the third version of the decentralized exchange protocol on BNB Chain. Talk about consensus!

The Case for BNB Chain

In a post dated January 17, Ilia Maksimenka, the CEO of the decentralized finance protocol Plasma Finance, laid out the reasons for this ambitious move. He argued that the timing is ripe for Uniswap to hop onto the BNB PoS Chain, citing factors like an impending license expiration. It’s like being the first on the dance floor when your favorite song comes on!

How the Voting Went Down

After an extensive discussion on the governance forum, the community conducted a “temperature check” poll to gauge interest in the deployment. Not surprisingly, the majority favored the idea, making it clear that they are ready for a new venture. With 80% voting in favor, one could almost hear the cheers from the virtual stands.

ConsenSys Weighs In

Blockchain software company ConsenSys threw its support behind the proposal. Cameron O’Donnell, their DAO governance strategist, noted that while there are concerns about centralization, Uniswap’s brand stands strong as “standalone and not beholden to any particular chain.” It’s like a wandering minstrel, not tied down by any roots!

What’s Next for Uniswap?

With community backing in place, the Plasma Finance team estimates it could take five to seven weeks to deploy the necessary smart contracts on BNB Chain. Meanwhile, BNB Chain has quietly surpassed Ethereum in the number of unique addresses, boasting 233 million compared to Ethereum’s 217 million. Who knew that rivalries in the blockchain world could be so fiery?

In conclusion, as Uniswap gears up for this deployment, it seems that change is afoot in the decentralized exchange landscape. Buckle up, folks; it’s going to be a fascinating ride!