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.

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