Uniswap (UNI) Community Members Vote To Deploy the Ethereum-Based DEX on the BNB Chain

The community members of decentralized exchange (DEX) Uniswap (UNI) have voted to launch the crypto project on BNB Chain, the blockchain of Binance.

In a new proposal, the members of Uniswap’s decentralized autonomous organization (DAO) voted 66% in favor of deploying the Ethereum (ETH)-based DEX onto the BNB Chain.

The data reveals that 84.8 million votes were cast, though only 8.4% of the overall community participated.

“0xPlasma Labs is submitting a Governance Proposal to deploy Uniswap v3 to BNB Chain on behalf of the Uniswap Community…

This proposal will authorize 0xPlasma Labs to deploy the Uniswap v3 protocol to the BNB [proof-of-stake] Chain on behalf of the community. We believe this is the best moment for Uniswap v3 to deploy on [the] BNB [proof-of-stake] Chain, for many reasons.”

Some of the biggest supporters of the resolution include crypto firm ConsenSys, the creators of MetaMask, one of the world’s most popular crypto wallets, and decentralized finance (DeFi) platform GFX Labs.

The pair had 7.03 million and 4.92 million votes, respectively.

Another notable pro-resolution member was Robert Leshner, the CEO and founder of decentralized crypto lender Compound Labs. Leshner contributed 5.76 million votes.

The biggest voters against the proposal include asset management titan Andreessen Horowitz, crypto hedge fund manager Jesse Walden (jessewldn), and blockchainucla, a conglomerate of pro-crypto students from the University of California, Los Angeles (UCLA).

They had 15 million, 8 million, and 4.5 million votes respectively.

The news had little impact on the price of UNI. The token is trading for $6.47 at time of writing, a 2% increase during the last day.

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