As Uniswap DAO’s vote to deploy to BNB Chain continues, LIFI CEO Phillip Zentner argued in a Feb. 6 discussion board publish that the present proposal is flawed. In accordance with Zentner, the plan to make use of Wormhole as the only governance bridge for Uniswap needs to be deserted. As a substitute, he claimed that Uniswap researchers ought to work on a standardized system for utilizing a number of bridges to deal with governance selections.
The continued dialogue on @Uniswap‘s discussion board is crucial for the multi-chain ecosystem in 2023.
TL;DR: Uniswap’s mannequin for x-chain governance will doubtless turn into trade customary.
As an unbiased member of the group, @lifiprotocol is rooting for a multi-bridge implementation
— Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023
Within the publish, Zentner acknowledged that LIFI strongly recommends “that Uniswap not choose one bridge supplier for its BNB Chain Deployment Proposal” as a result of “no single AMB [arbitrary messaging bridge] is examined sufficient to be thought-about a strong and safe answer {that a} challenge of Uniswap’s measurement can solely depend on at this level.”
As proof of this, Zentner reminded readers of the slew of bridge hacks the crypto group has suffered over the previous two years, stating:
“Lest it’s forgotten, two main AMBs had been exploited previously twelve months (Nomad and Wormhole), whereas LayerZero has additionally come below hearth lately for its safety mannequin (Prestwich 2, L2Beat). We don’t say this as condemnation, quite, we level this out to spotlight simply how troublesome it’s to construct safe AMBs and the next dangers a dApp is uncovered to by selecting a single bridging answer.”
Because of this, LIFI desires to see “a multi-bridge, agnostic strategy” to Uniswap governance. Zentner proposed that this may very well be completed by appointing a staff of 4 engineers to review the topic and submit a proposal.
Associated: Wormhole wins second ‘temp test’ turn into bridge for Uniswap
The LIFI CEO appeared to indicate that the present proposal needs to be voted down and the date of BNB Chain deployment postponed till a minimum of March 27. In accordance with a picture posted by Zentner, the Uniswap staff had beforehand set a deadline of March 27 for a “closing report revealed with group suggestions.” Zenter stated that he believes this deadline can nonetheless be met, even when the present proposal is voted down.
Enterprise capital agency a16z lately tried to make use of its 15 million UNI tokens to vote the BNB proposal down, as a result of agency’s considerations about Wormhole bridge safety. Nevertheless, Metamask developer ConsenSys has used its 7 million UNI votes to assist the proposal. The vote is scheduled to finish on Feb. 10.
