As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 discussion board publish that the present proposal is flawed. In response to him, 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 continuing dialogue on @Uniswap‘s discussion board is crucial for the multi-chain ecosystem in 2023.
TL;DR: Uniswap’s mannequin for x-chain governance will possible change into trade customary.
As an unbiased member of the neighborhood, @lifiprotocol is rooting for a multi-bridge implementation
— Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023
Within the publish, 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 of a sturdy and safe resolution {that a} undertaking of Uniswap’s dimension can solely depend on at this level.”
As proof of this, Zentner reminded readers of the slew of bridge hacks the crypto neighborhood has suffered over the previous two years, stating:
“Lest it’s forgotten, two main AMBs had been exploited prior to now twelve months (Nomad and Wormhole), whereas LayerZero has additionally come underneath hearth 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 next dangers a dApp is uncovered to by selecting a single bridging resolution.”
Because of this, LIFI desires to see “a multi-bridge, agnostic method” to Uniswap governance. Zentner proposed that this might be achieved by appointing a crew of 4 engineers to review the topic and submit a proposal.
Associated: Wormhole wins second “temp test” to change into bridge for Uniswap
The LIFI CEO appeared to suggest that the present proposal needs to be voted down and the date of BNB Chain deployment postponed till at the very least March 27. In response to a picture posted by Zentner, the Uniswap crew had beforehand set a deadline of March 27 for a “ultimate report printed with neighborhood suggestions.” Zenter stated that he believes this deadline can nonetheless be met, even when the present proposal is voted down.
Enterprise capital agency a16z lately tried to make use of its 15 million UNI tokens to vote the BNB proposal down, as a result of agency’s issues about Wormhole bridge safety. Nonetheless, Metamask developer ConsenSys has used its 7 million UNI votes to help the proposal. The vote is scheduled to finish on Feb. 10.
