Uniswap holders propose ditching Ethereum for BNB Chain to deploy v3 protocol

80% of UNI holders voted to support the deployment of the Uniswap protocol’s v3 to BNB Chain, while the remaining voters voted against the move.

A “temperature check” proposal to deploy the Uniswap v3 protocol to BNB Chain received overwhelming support from the Uniswap community on its governance forum.

80% of voters holding Uniswap’s UNI governance token have voted in favor of deploying the third version of the decentralized exchange protocol on BNB Chain, a rival of the Ethereum network.

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In a proposal posted on Jan. 17, Ilia Maksimenka, CEO of the decentralized finance protocol Plasma Finance, argued why the Uniswap v3 protocol should be deployed to BNB Chain, writing:

“We believe this is the right moment for Uniswap to deploy on BNB PoS Chain, for many reasons (one of them is License expiration).”

After the discussion on the governance forum, the Uniswap community conducted a “temperature check” poll to see if the community approved of the idea. Eighty percent of the votes were in favor of the deployment, while the remaining 20% voted against it.

Blockchain software firm ConsenSys supported the move. According to Cameron O’Donnell, DAO governance strategist at ConsenSys, the firm views the brand of the protocol as “standalone and not beholden to any particular chain” despite centralization concerns. O’Donnell explained: