0xPlasma Labs receives initial approval to deploy Uniswap v3 to BNB Chain

0xPlasma Labs said that Uniswap could benefit an additional $1 billion of TVL and 1-2 million new users from BNB Chain.

Christian Nwobodo
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Christian Nwobodo
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0xPlasma Labs receives initial approval to deploy Uniswap v3 to BNB Chain

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0xPlasma Labs received initial governance approval to deploy the Uniswap V3 protocol to the BNB proof-of-stake (PoS) Chain.

Uniswap deployment

0xPlasma Labs initiated a proposal on Dec. 12, 2022, seeking approval to deploy the Uniswap v3 to BNB Chain.

As per the proposal, Uniswap could benefit from an additional $1 billion of TVL and 1-2 million new users from BNB Chain.

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Following due consideration, the Uniswap governance community has voted to support the temperature check proposal.

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Overwhelming vote turnout

Over 80% of participants committed about 20 million UNI tokens to support the motion, while roughly 19.72% voted against it, according to the voting result.

Moving forward, 0xPlasma Labs will submit the proposal for final governance approval before the Uniswap v3 protocol can be deployed to the BNB chain.

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Christian Nwobodo
Christian Nwobodo
Journalist CryptoSlate

Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.

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