The proposal to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% sure votes on Feb. 10, although Andreessen Horowitz (a16z) used its 15 million votes to oppose it on Feb. 6.
The outcomes present that 65.89% agreed with the deployment, 33.57% voted towards it, and one other 0.53% abstained. ConsenSys, Compound Finance CEO Robert Leshner, and GFX Labs had been amongst essentially the most influential sure voters, with 7.03 million, 5.76 million, and 4.92 million UNI tokens, respectively.
The proposal
The deployment was 0xPlasma Labs CEO Ilia’s thought. Illia argued deploying Uniswap V3 to BNB Chain might carry a further one to 2 million customers in addition to round $1 billion in Complete Worth Locked (TVL). He steered leveraging wormholes to extend adoption for the Uniswap platform.
0xPlasma Labs submitted a proposal on Dec. 12, 2022, which secured an preliminary governance approval on Jan. 23, with over 80% of the individuals voting sure.
a16z disagrees
0xPlasma Labs submitted one other proposal on Feb.3 for ultimate approval. On Feb. 6, a16z used all its 15 million UNI tokens to vote towards the proposal. The corporate mentioned it didn’t imagine that the wormhole know-how would supply essentially the most safe bridging choice, citing breaches and safety failures.
16z’s voting bloc sparked questions on Uniswap’s decentralization. With the 41.5 million UNI tokens held in 11 totally different wallets, a16z represented greater than 4% of the provision, which gave it an apparent benefit in governance proposals.
