Proposal to deploy Uniswap v3 on BNB Chain gets 80% support

Moving forward to the final "Governance Proposal" pic.twitter.com/HoIJgY8mX1

— 0xPlasma Labs: DeFi & NFT Metaverse ?? ?? (@0xPlasma) January 22, 2023

Benefits to the Unswap ecosystem

0xPlasma Labs noted in their proposal that deploying Uniswap v3 on the BNB Chain could bring several benefits to the DEX ecosystem. On the one hand, the nbr chain has an enormous user base that is still growing, something that could benefit in unison from a possible new market.

Additionally, BNB Chain’s high transaction speeds and low fees are key features that will benefit Uniswap’s decentralised exchange services and DeFi (BNB Chain has a total value locked, or TVL, of about $1.2 billion.)

“BNB Chain’s strong governance model and active community could provide valuable support and feedback for the development of Uniswap v3,” the 0xPlasma Labs team wrote.

Approval means that the proposal requires a final vote on governance in the weeks ahead.