Uniswap (UNI) community members vote to deploy the Ethereum-based DEX on the BNB chain
The community members of decentralized exchange (DEX) Uniswap (UNI) have voted to launch the crypto project on BNB Chain, the blockchain of Binance.
In a new proposal, members of Uniswap’s Decentralized Autonomous Organization (DAO) voted 66% to deploy the Ethereum (ETH)-based DEX on the BNB chain.
The data reveals that 84.8 million votes were cast, although only 8.4% of the total community participated.
“0xPlasma Labs submits a governance proposal to deploy Uniswap v3 to BNB Chain on behalf of the Uniswap community…
This proposal will authorize 0xPlasma Labs to distribute the Uniswap v3 protocol to BNB [proof-of-stake] Chain on behalf of the community. We believe this is the best moment for Uniswap v3 to deploy [the] GDP [proof-of-stake] Chain, for many reasons.”
Some of the biggest supporters of the resolution include crypto firm ConsenSys, the creators of MetaMask, one of the world’s most popular crypto wallets, and decentralized finance (DeFi) platform GFX Labs.
The pair had 7.03 million and 4.92 million votes respectively.
Another notable member for dissolution was Robert Leshner, CEO and founder of decentralized crypto lender Compound Labs. Leshner contributed 5.76 million votes.
The biggest voters against the proposal include asset management titan Andreessen Horowitz, crypto hedge fund manager Jesse Walden (jessewldn), and blockchainucla, a conglomerate of pro-crypto students from the University of California, Los Angeles (UCLA).
They had 15 million, 8 million and 4.5 million votes respectively.
The news had little impact on the price of UNI. The token is trading at $6.47 at the time of writing, up 2% over the past day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
