Uniswap (UNI) Community Members Vote To Deploy the Ethereum-Based DEX on the BNB Chain

Community members of the decentralized exchange (DEX) Uniswap (UNI) have voted to launch a crypto project on Binance’s blockchain, the BNB chain.

new suggestionmembers of Uniswap’s Decentralized Autonomous Organization (DAO) voted in favor of deploying an Ethereum (ETH)-based DEX on the BNB chain.

The data shows that 84.8 million votes were cast, even though only 8.4% of the community as a whole participated.

0xPlasma Labs has submitted a governance proposal on behalf of the Uniswap community to deploy Uniswap v3 on the BNB chain

This proposal authorizes 0xPlasma Labs to deploy the Uniswap v3 protocol to BNB. [proof-of-stake] Chain on behalf of the community.We believe this is the perfect time to roll out Uniswap v3 [the] BNB [proof-of-stake] chain, for many reasons.

The resolution’s biggest supporters include crypto company ConsenSys, creator 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 prominent ProResolution member was Robert Leshner, CEO and founder of Compound Labs, a decentralized cryptocurrency lender. Leshner said he received 5.76 million votes.

The biggest voters against the proposal include wealth management giant Andreessen Horowitz, crypto hedge fund manager Jesse Walden, and a conglomerate of students at the University of California, Los Angeles (UCLA) that favors cryptocurrency. There is a blockchainucla included.

15 million, 8 million and 4.5 million votes respectively.

The news had little impact on UNI’s price. The token is trading at $6.47 at the time of writing, up 2% on the last day.

Don’t Miss a Beat Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey