Venture capital firm Andreessen Horowitz (a16z) voted “no” on the final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, according toshowin Uniswap DAO
A regulatory proposal to deploy Uniswap on the BNB Chain was submitted on February 2nd by 0xPlasma Labs, which, after temperature check, with 20 million (80.28%) votes “yes” and 4.9 million (19.72%) votes “. No.” The a16z company, on the other hand, used its 15 million UNI to oppose the proposal.
as of this writing Only 3% of the vote, or 23.4 million votes, was cast, with the voting period ending on February 10.
Behind the incompatibility is that the cross-chain bridge chosen in this proposal uses the Wormhole bridge, while the a16z supports the use of LayerZero as its interoperability protocol.
by a16z company showThe intent to vote for LayerZero as a bridge during temperature checks, as Eddy Lazzarin, a16z’s lead engineer, commented on January 31, said:
“To be as clear as possible, we a16z will vote with 15 million tokens for LayerZero if we are technically able to. And we will be able to snapshot votes in the future.”
In 2022, the Wormhole protocol suffered one of its biggest attacks yet. This resulted in the loss of 120,000 Wrapped Ether (wETH) tokens worth $321 million, as attackers discovered a vulnerability in the protocol’s smart contract.
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