Blockchain
Wormhole has received a temperature verify vote on the Uniswap DAO as the popular crypto bridge supplier for the proposed deployment of Uniswap v3 on the BNB Chain, based on the small print of an off-chain vote concluded on Tuesday.
Wormhole was amongst an inventory of 4 crypto bridge protocols within the vote. The others have been LayerZero, Celer, and deBridge. Wormhole secured 62% of the votes to win the polls, based on information from Snapshot. Wormhole will now be included within the last governance proposal for the deployment of Uniswap v3 on the BNB Chain.
The bridge choice vote got here as a late addition to the method. The Uniswap neighborhood had just lately completed a preliminary vote to deploy its decentralized alternate protocol on the BNB Chain. This preliminary vote had Celer because the bridge protocol.
Some crypto bridge builders, nonetheless, argued in opposition to the usage of a single bridge supplier. Members like deBridge co-founder Alex Smirnov and Celer co-founder Mo Dong argued in opposition to the usage of just one bridge protocol for Uniswap’s multi-chain enlargement. They said that such an method would see the emergence of a vendor lock-in for Uniswap — leading to Uniswap being tied to a single cross-chain messaging service. They said that such an method might create a single-point-of-failure threat for the protocol.
Dong went a step additional and proposed a multi-bridge implementation for Uniswap governance. The answer permits for different bridge protocols to be included by way of adapters on Celer.
Regardless of these factors, Uniswap goes with just one bridge supplier for its deliberate BNB Chain deployment. It is because the protocol can not presently assist a bridge-agnostic method. Such an structure would additionally require vital engineering hours to develop, as famous on the DAO discussion board.
Going through a time crunch
Uniswap’s enterprise supply license expires on Apr. 1. The enterprise supply license is a sort of trademark that acts as a time delay in opposition to different initiatives copying its code for their very own enterprise concepts. The doc is meant to forestall vampire assaults just like the one SushiSwap launched in opposition to Uniswap in 2020.
DAO individuals like a16z Deal Companion Porter Smith argued for Uniswap to deploy on different chains earlier than the expiration of the license. Potter, nonetheless, echoed statements from the Uniswap Basis calling for a extra formal method to choosing bridge suppliers for future deployments.
The Uniswap neighborhood ultimately had to decide on one out of 4 bridges. Variant Fund Founder Jesse Walden described the scenario as “suboptimal” including, “Protocol design must adapt for a multi-chain world, to reap the advantages of competitors by way of standardization, not voting.”