Uniswap May Expand to BNB Chain After Initially Over 80% of Community Votes

Proposals to extend Uniswap v3 functionality to the BNB Chain have passed an early temperature check and are now subject to a full governance vote in the Uniswap DAO.

Data from snapshots shows that 80% of the 6,495 wallets participating in the initial poll voted “in favor” of the expansion. These voters used 20 million tokens to support this proposal.

After the initial vote This proposal will be moved to a full governance vote by clause.offerThis was provided by 0xPlasma Labs in order to deploy Uniswap v3 on the BNB Chain, selecting Celer as the preferred bridge protocol, which will allow users to send tokens across the network to different blockchains.

If the proposal is eventually approved, it would make BNB Chain the sixth network supported by DEX. Uniswap currently exists on Ethereum, Polygon, Arbitrum, Optimism and Celo, with the protocol having a TVL valued at over $2.68 billion. from using all 5 networksaccording to informationof DeFiLlama, with the highest TVL on Ethereum, accounting for 90% of the total TVL value.

0xPlasma Labs states that the Uniswap community will greatly benefit from the expansion on the BNB Chain, as it is the third largest blockchain network for DeFi in terms of total TVL, according to DeFiLlama.

refer : LINK
picture LINK

The post Uniswap May Expand to BNB Chain After Initially Over 80% of Community Votes appeared first on Bitcoin Addict.


source site