Uniswap v3 Proposal Approved: $1.2B TVL & Large User Base on BNB Chain

• 0xPlasma Labs proposal for Uniswap v3 approved by community with 80.28% of participants voting in favour
• Proposal seeks to have Uniswap v3 deployed on the BNB Chain to benefit from its $1.2 billion TVL and large user base
• Uniswap Governance vote expected to go to a final vote in coming weeks

Decentralized exchange Uniswap’s v3 protocol could be deployed on the BNB Chain soon after a majority of participants in a community vote gave the move a thumbs up. 0xPlasma Labs, a decentralized finance (DeFi) and Metaverse NFTs platform, introduced the Uniswap proposal on 12 December 2022. On 22 January 2023, 0xPlasma Labs announced that 6,495 holders of Uniswap native token UNI voted in favour, giving the proposal a total of 80.28% of the votes.

20 million UNI tokens were locked as part of the process, the biggest number for the entire Uniswap Governance History. This is a testament to the overwhelming support for the move to deploy Uniswap v3 on the BNB Chain. 4.9 million UNI tokens, representing 19.72% of the holders, were against the move.

The proposal seeks to have Uniswap v3 deployed on the BNB Chain, which could benefit from the ecosystem’s nearly $1.2 billion in TVL and a large, growing user base. The final governance vote is expected to take place in the coming weeks.

The introduction of Uniswap v3 on the BNB Chain could be a major boost to the ecosystem, with the potential to increase liquidity, reduce slippage and improve user experience. It would also be a major step forward in the development of the BNB Chain, which is already home to some of the most successful DeFi projects in the world.

The success of the proposal has been met with enthusiasm from the Uniswap community, with many celebrating the potential for the protocol to expand into new ecosystems. Despite the opposition from some UNI holders, the majority of the community is in favour of the proposal and is looking forward to the final vote.

If the proposal is approved in the final vote, Uniswap v3 will be deployed on the BNB Chain, opening up a whole new world of opportunities for both the Uniswap and BNB Chain ecosystems. This could be a major milestone for both projects, and the entire DeFi space in general.

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