Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO

As Uniswap DAO’s vote to deploy to BNB Chain continues, LIFI CEO Phillip Zentner argued in a Feb. 6 discussion board publish that the present proposal is flawed. Based on Zentner, the plan to make use of Wormhole as the only governance bridge for Uniswap must be deserted. As a substitute, 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 essential for the multi-chain ecosystem in 2023.

TL;DR: Uniswap’s mannequin for x-chain governance will probably turn out to be trade normal.

As an unbiased member of the neighborhood, @lifiprotocol is rooting for a multi-bridge implementation

— Philipp Zentner | LI.FI (@PhilippZentner) February 6, 2023

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Within the publish, Zentner said 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 strong and safe resolution {that a} venture 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 or not it’s forgotten, two main AMBs had been exploited up to now twelve months (Nomad and Wormhole), whereas LayerZero has additionally come beneath fireplace just lately for its safety mannequin (Prestwich 2, L2Beat). We don’t say this as condemnation, relatively, we level this out to spotlight simply how tough it’s to construct safe AMBs and the following dangers a dApp is uncovered to by selecting a single bridging resolution.”

For that reason, LIFI needs to see “a multi-bridge, agnostic strategy” to Uniswap governance. Zentner proposed that this might be completed by appointing a staff of 4 engineers to review the topic and submit a proposal.

Associated: Wormhole wins second ‘temp examine’ turn out to be bridge for Uniswap

The LIFI CEO appeared to indicate that the present proposal must be voted down and the date of BNB Chain deployment postponed till a minimum of March 27. Based on a picture posted by Zentner, the Uniswap staff had beforehand set a deadline of March 27 for a “remaining report printed with neighborhood suggestions.” Zenter mentioned that he believes this deadline can nonetheless be met, even when the present proposal is voted down.

Enterprise capital agency a16z just lately tried to make use of its 15 million UNI tokens to vote the BNB proposal down, because of the agency’s considerations about Wormhole bridge safety. Nevertheless, Metamask developer ConsenSys has used its 7 million UNI votes to assist the proposal. The vote is scheduled to finish on Feb. 10.