Wormhole wins second ‘temp verify’ to turn into bridge for Uniswap governance


The Uniswap DAO has authorised a second non-binding proposal, referred to as a “temperature verify,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and Ethereum, in accordance with the official proposal web page.

The proposal will now turn into a part of a remaining plan to deploy Uniswap V3 to the BNB Chain, which is able to go up for a binding governance vote in some unspecified time in the future sooner or later.

Wormhole was up in opposition to three rival bridge options within the DAO’s referendum: LayerZero, deBridge and Celer. It received a transparent majority with 62.31% of the vote. LayerZero was second with 37.58%, and DeBridge and Celer every received lower than 0.1%.

That is the second time the Uniswap DAO has tried to succeed in consensus on the selection of bridging options. On Jan. 21, the DAO voted in a temp verify to deploy Uniswap V3 on the BNB Chain and to make the most of Celer bridge to deal with cross-chain governance votes. Nonetheless, even earlier than this vote had completed, some group members had began to categorical safety and centralization considerations concerning utilizing Celer bridge.

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On Jan. 27, DAO members started voting on this second temperature verify to resolve particularly on the selection of bridge, with the understanding that the choice to deploy to BNB chain had been settled within the earlier vote.

The Solana-Ethereum model of Wormhole was hacked in February 2022, permitting the attacker to achieve $321 million value of crypto in one of many largest decentralized finance exploits ever. Nonetheless, the Wormhole crew changed the Ether (ETH) within the bridge to reimburse customers, and the BNB-Ethereum model of the bridge doesn’t appear to have been affected by the exploit.

LayerZero was just lately the topic of controversy, as a rival developer accused the bridging protocol of getting safety vulnerabilities. The LayerZero crew has rejected the accusation, claiming it’s deceptive.