Wormhole wins second ‘temp check’ to become bridge for Uniswap governance

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

BREAKING: Wormhole has gained the vote to be Uniswap’s designated bridge to the Binance Chain! This can be a main step ahead within the improvement of the DeFi ecosystem. #DeFi #BNBChain #Uniswap #Wormhole

— BitArchive (@ChainArchives) January 31, 2023

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The proposal will now change into a part of a ultimate 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 towards 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%, whereas DeBridge and Celer every received lower than 0.1%.

That is the second time the Uniswap DAO has tried to achieve consensus on the selection of bridging options. On Jan. 21, the DAO voted in a temp examine 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 neighborhood members had began to express safety and centralization issues relating to the Celer bridge.

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On Jan. 27, DAO members started voting on this second temperature examine 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 price of crypto in one of many largest decentralized finance exploits ever. Nonetheless, the Wormhole staff 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 lately the topic of controversy, as a rival developer accused the bridging protocol of getting safety vulnerabilities. The LayerZero staff has rejected the accusation, claiming it’s deceptive.