ConsenSys adds 7.03M votes to Uniswap BNB Chain migration proposal amid VC battle By Cointelegraph
[ad_1]
Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange Uniswap’s v3 protocol deployed on BNB Chain, according to data from Tally. The votes are denominated by the number of underlying UNI owned by ConsenSys, which is worth an estimated $47.5 million. At the time of writing, 77.56% of participants were in favor of the proposal, with 22.07% against it. The week-long voting process will close on Feb. 10.
As Cointelegraph previously reported, venture capital firm Andreessen Horowitz cast a vote against the proposal. A16z, which reportedly holds 55 million UNI tokens, voted 15 million UNI against the move due to its reliance on the Wormhole bridge and instead supported using LayerZero as the interoperability protocol. LayerZero Labs is part of a16z’s portfolio and raised $135 million in a funding round in March, with a $1 billion valuation.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange Uniswap’s v3 protocol deployed on BNB Chain, according to data from Tally. The votes are denominated by the number of underlying UNI owned by ConsenSys, which is worth an estimated $47.5 million. At the time of writing, 77.56% of participants were in favor of the proposal, with 22.07% against it. The week-long voting process will close on Feb. 10.
As Cointelegraph previously reported, venture capital firm Andreessen Horowitz cast a vote against the proposal. A16z, which reportedly holds 55 million UNI tokens, voted 15 million UNI against the move due to its reliance on the Wormhole bridge and instead supported using LayerZero as the interoperability protocol. LayerZero Labs is part of a16z’s portfolio and raised $135 million in a funding round in March, with a $1 billion valuation.
Continue Reading on Coin Telegraph
About The Author
