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Home»Blockchain»Uniswap Foundation charts path forward amid cross-chain bridge governance debate
Blockchain

Uniswap Foundation charts path forward amid cross-chain bridge governance debate

2023-02-02Updated:2023-02-07No Comments2 Mins Read
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The Uniswap Basis’s government director stated a cross-chain bridge governance vote garnered “extra consideration than any Uniswap proposal in latest reminiscence.”

Devin Walsh’s submit got here after a spirited debate over which bridge — a protocol used to attach blockchains — can be used to tie Uniswap with Binance’s BNB Chain. Wormhole prevailed in a neighborhood “temperature examine” that attracted vital involvement, each publicly and behind the scenes, from a few of DeFi’s most deep-pocketed backers, together with a16z and Leap.

Walsh wrote that the “remaining Governance vote will transfer ahead with the outcomes of the latest Snapshot Ballot.”

“In different phrases, no votes voiced outdoors of the Snapshot ballot can be counted within the outcomes,” Walsh continued. “The proposal to deploy Uniswap v3 on BNB Chain will go ahead to the ultimate governance vote with Wormhole as the chosen bridge.”

Second place

LayerZero, which got here in second place within the vote, argued in an announcement Tuesday that, in gentle of sentiments expressed by Uniswap stakeholders, it was the “most well-liked bridge” out of the group. The startup additionally argued that the muse ought to maintain a vote with each Wormhole and LayerZero as choices.

In her submit, Walsh wrote that the muse “noticed the clear alternative to create a greater course of for future cross-chain deployment proposals” and invited suggestions on a proposal for a cross-chain bridge evaluation group.

Walsh stated that the talk over the bridge choice “highlighted the pressing want for a greater course of to be carried out for bridge choice” in addition to extra analysis “into bridges for governance, and into bridge-agnostic options for protocols.”

See also  Koii Labbs, Idexos launch middleware bridge aiming to replace CEXs

“We hope our learnings, and the brand new course of we create from right here, will contribute to the creation of extra seamless, normal processes and technological options that different protocols can profit from as they think about deploying throughout different chains,” she wrote.


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