{"id":297927,"date":"2023-02-10T19:32:18","date_gmt":"2023-02-10T19:32:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=297927"},"modified":"2023-02-10T19:41:24","modified_gmt":"2023-02-10T19:41:24","slug":"uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection\/","title":{"rendered":"Uniswap BNB deployment passes with 66% yes votes despite a16z rejection"},"content":{"rendered":"<p>The proposal to deploy <a href=\"https:\/\/cryptoslate.com\/products\/uniswap\/\">Uniswap<\/a> V3 (<a href=\"https:\/\/cryptoslate.com\/coins\/uniswap\/\">UNI<\/a>) to BNB Chain (<a href=\"https:\/\/cryptoslate.com\/coins\/bnb\/\">BNB<\/a>) was accepted by 65.89% yes votes on Feb. 10, even though Andreessen Horowitz (<a href=\"https:\/\/cryptoslate.com\/companies\/a16z\/\">a16z<\/a>) used 15 million votes to oppose it on Feb. 6.<\/p>\n<p>The <a href=\"https:\/\/www.tally.xyz\/gov\/uniswap\/proposal\/31\">results<\/a> show that 65.89% agreed with the deployment, 33.57% voted against it, and another 0.53% abstained. <a href=\"https:\/\/cryptoslate.com\/companies\/consensys\/\">ConsenSys<\/a>, <a href=\"https:\/\/cryptoslate.com\/companies\/compound\/\">Compound Finance<\/a> CEO <a href=\"https:\/\/cryptoslate.com\/people\/robert-leshner\/\">Robert Leshner<\/a>, and GFX Labs were amongst the most influential yes voters, with 7.03 million, 5.76 million, and 4.92 million UNI tokens, respectively.<\/p>\n<h2>The proposal<\/h2>\n<p>The deployment was 0xPlasma Labs CEO Ilia's idea. Illia <a href=\"https:\/\/cryptoslate.com\/0xplasma-labs-proposes-uniswap-v3-deployment-to-bnb-chain\/\">argued<\/a> deploying Uniswap V3 to BNB Chain could bring an additional one to two million users as well as around $1 billion in Total Value Locked (TVL). He suggested leveraging wormholes to increase adoption for the Uniswap platform.<\/p>\n<p>0xPlasma Labs submitted a proposal on Dec. 12, 2022, which secured an initial governance <a href=\"https:\/\/cryptoslate.com\/0xplasma-labs-receives-initial-approval-to-deploy-uniswap-v3-to-bnb-chain\/\">approval<\/a> on Jan. 23, with over 80% of the participants voting yes.<\/p>\n<h2>a16z disagrees<\/h2>\n<p>0xPlasma Labs submitted another proposal on Feb.3 for final approval. On Feb. 6, a16z used all its 15 million UNI tokens to vote against the proposal. The company said it didn't believe that the wormhole technology would offer the most secure bridging option, citing breaches and security failures.<\/p>\n<p>16z's voting bloc sparked questions about Uniswap's decentralization. With the 41.5 million UNI tokens held in 11 different wallets, a16z represented more than 4% of the supply, which gave it an obvious advantage in governance proposals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposal to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% yes votes on Feb. 10, even though Andreessen Horowitz (a16z) used 15 million votes to oppose it on Feb. 6. The results show that 65.89% agreed with the deployment, 33.57% voted against it, and another 0.53% abstained. ConsenSys, Compound Finance [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":295923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,77472],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uniswap BNB deployment passes with 66% yes votes despite a16z rejection<\/title>\n<meta name=\"description\" content=\"The proposal to deploy UniswapV3 to BNB Chain was accepted with 66% on Feb. 10, even though Andreessen Horowitz used 15M votes to oppose it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap BNB deployment passes with 66% yes votes despite a16z rejection\" \/>\n<meta property=\"og:description\" content=\"The proposal to deploy UniswapV3 to BNB Chain was accepted with 66% on Feb. 10, even though Andreessen Horowitz used 15M votes to oppose it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-10T19:32:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T19:41:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/uniswap-a16z.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/uniswap-bnb-deployment-passes-with-66-yes-votes-despite-a16z-rejection\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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