Uniswap BNB deployment passes with 66% yes votes despite a16z rejection
The proposal to deploy Uniswap V3 (UNI) on the BNB chain (BNB) was voted down by 65.89% on February 10, despite Andreessen Horowitz (a16z) opposing it on February 6 with 15 million votes. Accepted with an upvote.
of result 65.89% voted in favor of the deployment, 33.57% voted against and 0.53% abstained. ConsenSys, Compound Finance CEO Robert Leshner, and his GFX Labs voted the most influential votes for his UNI token with 7.03 million, 5.76 million and 4.92 million respectively.
suggestion
This deployment was the idea of Ilia, CEO of 0xPlasma Labs. Illia said that deploying his Uniswap V3 on the BNB chain could add another 1 million to 2 million users and bring him about $1 billion in Total Value Locked (TVL). claimed to be. He suggested leveraging wormholes to increase adoption of his Uniswap platform.
0xPlasma Labs submitted the proposal on December 12, 2022 and secured initial governance approval on January 23, with over 80% of participants voting in favor.
a16z disagrees
0xPlasma Labs submitted another proposal for final approval on February 3rd. On February 6th, a16z used all of his 15 million UNI tokens to vote against the proposal. The company said it doesn’t believe wormhole technology offers the most secure bridging option, citing breaches and security failures.
16z’s voting block raised questions about Uniswap’s decentralization. With 41.5 million UNI tokens held in 11 different wallets, a16z accounts for over 4% of his supply, giving it a clear edge in governance proposals.
