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Uniswap (uni), a decentralised protocol, is prepared to launch the third release of its platform. The purpose of the protocol is to provide an appropriate platform for users to easily exchange erc-20 tokens without using a backlog.
For the start of v3, the protocol performed a "temperature test" for a possible blockchain to be used. The proposal was to deploy uniswap v3 on the binary smart chain (nbb) rather than the ethereum blockchain. The proposal got the united community to vote on their government forum by using their united chips.
Amazingly, approximately 80% of UNI licensees supported the deployment of Uniswap v3 on the BNB channel, Ethereum's rival. Unfortunately, this left a lower percentage of votes for the ethereum blockchain, causing it to lose the proposed temperature control.
?? We’re excited to share that our @0xPlasma proposal to deploy @Uniswap v3 on @BNBCHAIN has passed the "Temperature Check" with 20M votes "YES" and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History).
Moving forward to the final "Governance Proposal" pic.twitter.com/HoIJgY8mX1
— 0xPlasma Labs: DeFi & NFT Metaverse ?? ?? (@0xPlasma) January 22, 2023
0xPlasma Labs, a decentralised financial protocol, is participating in the project. According to the post on Twitter, the firm noted that the “Temperature Check” on the proposal got 20 million votes for ‘YES.’ In addition, the supporting votes came from 6,495 $UNI voters, the most significant voting numbers in the history of Uniswap’s Governance system.
0xPlasma Labs’ CEO Lists Benefits of Deploying Uniswap V3 on BNB Chain
Recently, the CEO of 0xPlasma Labs, Ilia Maksimenka, wrote a proposal for deploying the Uniswap v3 protocol. The CEO presented his argument on the advantages of the deployment of the new protocol v3 on the etf channel.
Maksimenka cited the expiry of the uniswap license as one of the reasons why the bnb channel was chosen. He also mentioned that the channel has a number of packages that would help increase the popularity of uniswap in the challenge space. Some include high deals, low fees, sequencing opportunities, support across the chain, etc.
In addition, the CEO recognized that BINANCE had acquired a worldwide presence, being classified as the biggest crypto exchange in the world. Therefore, as a strong brand, the use of the bnb channel will speed up awareness and adoption of the overall v3 version for uniswap.
Support was provided for the proposal.
It was supported by other companies and participants in cryptography. For instance, consensys, a blockchain software company behind one of Ethereum's largest customers, is upbeat about the rollout movement.
The DAO governance strategist at ConsenSys, Cameron O’Donnell, revealed the company’s stance. First, the company stressed the need for uniswap to be agnostic in its service to users, particularly in the web3 space, even with its licence expiry in April.
Accordingly, O'donnell argued that current and future users of the platform would benefit from a secure and robust platform for decentralized exchange across the bsc marketplace. Other supporting comments came from Brian-Armstrong, CEO at Coinbase, and Modong also optimistic about the deployment of Uniswap v3 on BNB Chain.
The plasma funding team began its activities following the approval of the proposal by the Uniswap governance community. The team noted that it could take 5-8 weeks to roll out all relevant uniswap smart deals to the bnb chain.
The price performance of UNI was entirely on the positive lane over the past 30 days. The token has earned over 28% in the past month and has posted a slight 0.38% increase in the last 7 days.
But at the time of writing, UNI is trading at $6.60, indicating a drop within the past 24 hours.
