As voting for the Uniswap DAO to deploy on the BNB Chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is wrong. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he asserted that Uniswap researchers should work on a standardized system for using multiple bridges to manage governance decisions.
The ongoing discussion on @Uniswap‘s forum is critical for the multi-chain ecosystem in 2023.
TL;DR: Uniswap’s model for x-chain governance will likely become industry standard.
As an unbiased member of the community, @lifiprotocol is rooting for a multi-bridge implementation
— Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023
In the post, Zentner stated that LIFI strongly recommends “that Uniswap not select a single bridging provider for its BNB Chain deployment proposal” because “no AMB [puente de mensajería arbitrario] It’s proven enough to be considered a robust and secure solution that a project of the size of Uniswap can exclusively rely on at this point.”
As proof of this, Zentner reminded readers of the spate of bridge hacks the crypto community has suffered in the past two years, stating:
“Lest it is forgotten, two major AMBs were breached in the last twelve months (Nomad and Wormhole), while LayerZero has also come under fire recently for its security model (Prestwich 2, L2Beat). We do not say this as condemnation Instead, we’re pointing it out to highlight how difficult it is to build secure AMBs and the consequent risks a dApp is exposed to by choosing a single bridging solution.”
For this reason, LIFI wants to adopt “a multi-bridge, agnostic approach” to Uniswap governance. Zentner proposed that this could be accomplished by appointing a team of four engineers to study the issue and submit a proposal.
The LIFI CEO seemed to hint that the current proposal should be rejected and the deployment date on BNB Chain postponed to at least March 27. According to an image posted by Zentner, the Uniswap team had previously set a March 27 deadline to “publish a final report with community recommendations.” Zenter said he believes this deadline can still be met, even if the current proposal is rejected.
venture capital firm, a16z, recently tried to use his 15 million UNI tokens to reject the BNB proposal, due to concerns about the safety of the Wormhole Bridge. However, Metamask developer ConsenSys has used its 7 million UNI votes to support the proposal. Voting will end on February 10.
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