As Uniswap DAO’s vote to deploy to BNB Chain continues, LIFI CEO Phillip Zentner argued in a Feb. 6 discussion board submit that the present proposal is flawed. In accordance with Zentner, the plan to make use of Wormhole as the only governance bridge for Uniswap needs to be deserted. As an alternative, he claimed that Uniswap researchers ought to work on a standardized system for utilizing a number of bridges to deal with governance selections.
The continued dialogue on @Uniswap‘s discussion board is vital for the multi-chain ecosystem in 2023.
TL;DR: Uniswap’s mannequin for x-chain governance will seemingly change into trade normal.
As an unbiased member of the group, @lifiprotocol is rooting for a multi-bridge implementation
— Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023
Within the submit, Zentner acknowledged that LIFI strongly recommends “that Uniswap not choose one bridge supplier for its BNB Chain Deployment Proposal” as a result of “no single AMB [arbitrary messaging bridge] is examined sufficient to be thought-about a sturdy and safe resolution {that a} venture of Uniswap’s measurement can solely depend on at this level.”
As proof of this, Zentner reminded readers of the slew of bridge hacks the crypto group has suffered over the previous two years, stating:
“Lest or not it’s forgotten, two main AMBs have been exploited previously twelve months (Nomad and Wormhole), whereas LayerZero has additionally come underneath hearth just lately for its safety mannequin (Prestwich 2, L2Beat). We don’t say this as condemnation, slightly, we level this out to spotlight simply how troublesome it’s to construct safe AMBs and the following dangers a dApp is uncovered to by selecting a single bridging resolution.”
Because of this, LIFI needs to see “a multi-bridge, agnostic strategy” to Uniswap governance. Zentner proposed that this may very well be achieved by appointing a workforce of 4 engineers to check the topic and submit a proposal.
Associated: Wormhole wins second ‘temp test’ change into bridge for Uniswap
The LIFI CEO appeared to indicate that the present proposal needs to be voted down and the date of BNB Chain deployment postponed till a minimum of March 27. In accordance with a picture posted by Zentner, the Uniswap workforce had beforehand set a deadline of March 27 for a “ultimate report revealed with group suggestions.” Zenter mentioned that he believes this deadline can nonetheless be met, even when the present proposal is voted down.
Enterprise capital agency a16z just lately tried to make use of its 15 million UNI tokens to vote the BNB proposal down, because of the agency’s considerations about Wormhole bridge safety. Nonetheless, Metamask developer ConsenSys has used its 7 million UNI votes to assist the proposal. The vote is scheduled to finish on Feb. 10.