Uniswap to Deploy on BNB Chain

UNI holders Vote to Deploy V3 of No. 1 DEX on Ethereum Rival

Uniswap, the No. 1 decentralized exchange by trade volume, is poised to deploy for the first time on a major competitor to the Ethereum ecosystem. 

On Sunday, 80% of voters holding UNI, Uniswap’s governance token, chose to deploy the DEX’s v3 on BNB Chain, the second largest smart contract network.

The on-chain governance poll managed by 0xPlasma mobilized roughly 25M UNI from voters.

TVL to Rise
“This proposal will authorize 0xPlasma Labs to deploy the Uniswap v3 Protocol to the BNB PoS Chain on behalf of the community,” wrote Ilia Maksimenka, the CEO of 0xPlasma Labs.

0xPlasma estimated the move will increase Uniswap’s total value locked by $1B. OxPlasma now plans to launch a front-end interface for the v3 protocol on BNB Chain.

Uniswap v3 launched on Ethereum in May 2021. The platform pioneered “concentrated liquidity” features, significantly improving the efficiency of capital deployment on the platform by allowing liquidity providers to select the specific price ranges for assets to be mobilized.

Full Article: https://thedefiant.io/uniswap-to-deploy-on-bnb-chain

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