Moving forward to the final "Governance Proposal" pic.twitter.com/HoIJgY8mX1
— 0xPlasma Labs: DeFi & NFT Metaverse ?? ?? (@0xPlasma) January 22, 2023
Benefits to the Unswap ecosystem
0xPlasma Labs noted in their proposal that deploying Uniswap v3 on the BNB Chain could bring several benefits to the DEX ecosystem. For one, the BNB Chain has a huge user base that’s still growing, something that could see Uniswap benefit from a potential new market.
Additionally, BNB Chain’s high transaction speeds and low fees are key features that will benefit Uniswap’s decentralised exchange services and DeFi (BNB Chain has a total value locked, or TVL, of about $1.2 billion.)
“BNB Chain’s strong governance model and active community could provide valuable support and feedback for the development of Uniswap v3,” the 0xPlasma Labs team wrote.
The approval means the proposal is set for the final governance vote expected within coming weeks.
