0xPlasma Labs received initial governance approval to deploy the Uniswap V3 protocol to the BNB proof-of-stake (PoS) Chain.
Uniswap deployment
0xPlasma Labs initiated a proposal on Dec. 12, 2022, seeking approval to deploy the Uniswap v3 to BNB Chain.
As per the proposal, Uniswap could benefit from an additional $1 billion of TVL and 1-2 million new users from BNB Chain.
Following due consideration, the Uniswap governance community has voted to support the temperature check proposal.
Overwhelming vote turnout
Over 80% of participants committed about 20 million UNI tokens to support the motion, while roughly 19.72% voted against it, according to the voting result.
Moving forward, 0xPlasma Labs will submit the proposal for final governance approval before the Uniswap v3 protocol can be deployed to the BNB chain.
Journalist at CryptoSlate
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
Connect your wallet, trade with Orion Swap Widget.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
