0xPlasma Labs Receives Initial Approval to Implement Uniswap v3 on BNB Chain

0xPlasma Labs has received initial government approval to implement the Uniswap V3 protocol on the BNB Proof-of-Stake (PoS) chain.

Uniswap Implementation

0xPlasma Labs started a proposal on December 12, 2022, seeking approval to implement Uniswap v3 on the BNB Chain.

according to him proposal, Uniswap could benefit from an additional $1 billion of TVL and 1-2 million new BNB Chain users.

After due consideration, the Uniswap governance community voted to support the temperature control proposal.

Overwhelming voter turnout

More than 80% of the participants pledged around 20 million UNI tokens to support the motion, while approximately 19.72% voted against it, according to the voting rresult

Going forward, 0xPlasma Labs will submit the proposal for final governance approval before the Uniswap v3 protocol can be implemented on the BNB chain.

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Christian is a cryptocurious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analysis.

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