Blockchain
Wormhole has gained a temperature test 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 knowledge from Snapshot. Wormhole will now be included within the ultimate 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 lately completed a preliminary vote to deploy its decentralized change protocol on the BNB Chain. This preliminary vote had Celer because the bridge protocol.
Some crypto bridge builders, nonetheless, argued towards using a single bridge supplier. Contributors like deBridge co-founder Alex Smirnov and Celer co-founder Mo Dong argued towards using just one bridge protocol for Uniswap’s multi-chain growth. They said that such an strategy 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 strategy may create a single-point-of-failure danger 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 through 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’t presently assist a bridge-agnostic strategy. Such an structure would additionally require important 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 kind of trademark that acts as a time delay towards different tasks copying its code for their very own enterprise concepts. The doc is meant to forestall vampire assaults just like the one SushiSwap launched towards Uniswap in 2020.
DAO contributors like a16z Deal Associate 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 strategy to deciding on bridge suppliers for future deployments.
The Uniswap neighborhood finally had to decide on one out of 4 bridges. Variant Fund Founder Jesse Walden described the state of affairs as “suboptimal” including, “Protocol design must adapt for a multi-chain world, to reap the advantages of competitors by way of standardization, not voting.”
