{"id":548201,"date":"2023-02-06T00:45:32","date_gmt":"2023-02-05T21:45:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain\/"},"modified":"2023-02-06T00:45:32","modified_gmt":"2023-02-05T21:45:32","slug":"a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain\/","title":{"rendered":"# a16z votes against proposal to deploy Uniswap V3 on BNB Chain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23d49179e0e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23d49179e0e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain\/#%E2%80%9D_a16z_votes_against_proposal_to_deploy_Uniswap_V3_on_BNB_Chain_%E2%80%9C\" >&#8221; a16z votes against proposal to deploy Uniswap V3 on BNB Chain &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_a16z_votes_against_proposal_to_deploy_Uniswap_V3_on_BNB_Chain_%E2%80%9C\"><\/span>&#8221; a16z votes against proposal to deploy Uniswap V3 on BNB Chain &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tally.xyz\/gov\/uniswap\/proposal\/31\">shows<\/a> the Uniswap DAO forum.\u00a0<\/p>\n<p>The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2 by 0xPlasma Labs on behalf of the Uniswap Community, after passing a temperature check with 20 million (80.28%) votes for yes, and 4.9 million (19.72%) votes for no. The venture firm used its 15 million UNI holding against the move. <\/p>\n<p>At the time of publication, only 3% of votes had been cast, or 23.4 million votes. Voting period is scheduled to end on Feb. 10.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/ae4b66e6-42bb-42fd-a16f-8f98b7977fb3.png\"><figcaption style=\"text-align: center;\"><em>Uniswap DAO &#8211; Proposal to deploy Uniswap V3 on BNB Chain using the Wormhole bridge<\/em><\/figcaption><\/figure>\n<p>Behind the disagreement is the cross-chain bridge chosen for the deployment. The proposal uses the Wormhole bridge, while a16z supports the use of LayerZero as the interoperability protocol. <\/p>\n<p>Partners of the venture firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.uniswap.org\/t\/rfc-update-deploy-uniswap-v3-1-0-3-0-05-0-01-on-bnb-chain-binance\/19734\/78\">expressed<\/a> their intention to vote for LayerZero as the deployment bridge during the temperature check. Eddy Lazzarin, head of Engineering at a16z, commented in the proposal discussion on Jan. 31:<\/p>\n<blockquote><p>&#8220;To be totally unambiguous, we at a16z would have voted 15m tokens toward LayerZero if we were technically able to. And we will be able in future Snapshot votes. So, for the purposes of a \u201ctemperature check\u201d, please count us this way.&#8221;<\/p><\/blockquote>\n<p>In the proposal, 0xPlasma Labs notes that stakeholders within the Uniswap ecosystem &#8220;have expressed a desire to see trust-minimized bridges used for governance for the new Uniswap v3 deployment on BNB Chain.&#8221;<\/p>\n<p>Based on technical assessments of four bridges and &#8220;a very complex discussion and voting on the Snapshot, the community chose the Wormhole bridge for the Uniswap v3 deployment on BNB Chain,&#8221; notes the proposal. The second position was held by the LayerZero team, with 17 million votes. <\/p>\n<p>In 2022, the Wormhole protocol suffered one of the largest exploits targeting bridges, resulting in the loss of 120,000 Wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Ether (wETH) tokens worth $321 million. An attacker found a vulnerability in the protocol\u2019s smart contract and was able to mint 120,000 wETH on Solana without collateral before swapping it for ETH<\/p>\n<p>LayerZero Labs is part of a16z venture&#8217;s portfolio. In March 2022, the protocol dedicated to omnichain decentralized applications raised $135 million in a funding round led by a16z and Sequoia, among other investors, earning unicorn status with a $1 billion valuation.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; a16z votes against proposal to deploy Uniswap V3 on BNB Chain &#8220; Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum.\u00a0 The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was&#8230;<\/p>\n","protected":false},"author":1,"featured_media":548202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/e5defdc0-b7d5-42b8-af63-202ff19e0e37.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77473,75186,74868,88700,117,71745],"class_list":["post-548201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-andreessen-horowitz","tag-dao","tag-defi","tag-uniswap","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=548201"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/548202"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=548201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=548201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=548201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}