Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO

As Uniswap DAO’s vote to deploy to BNB Chain continues, LIFI CEO Phillip Zentner argued in a Feb. 6 discussion board publish that the present proposal is flawed. In keeping with Zentner, the plan to make use of Wormhole as the only real governance bridge for Uniswap ought to be deserted. As an alternative, he claimed that Uniswap researchers ought to work on a standardized system for utilizing a number of bridges to deal with governance choices.

Within the publish, Zentner said that LIFI strongly recommends “that Uniswap not choose one bridge supplier for its BNB Chain Deployment Proposal” as a result of “no single AMB [arbitrary messaging bridge] is examined sufficient to be thought of a sturdy and safe resolution {that a} challenge of Uniswap’s dimension can solely depend on at this level.”

As proof of this, Zentner reminded readers of the slew of bridge hacks the crypto neighborhood has suffered over the previous two years, stating:

“Lest or not it’s forgotten, two main AMBs have been exploited previously twelve months (Nomad and Wormhole), whereas LayerZero has additionally come below hearth lately for its safety mannequin (Prestwich 2, L2Beat). We don’t say this as condemnation, reasonably, we level this out to focus on simply how troublesome it’s to construct safe AMBs and the next dangers a dApp is uncovered to by selecting a single bridging resolution.”

For that reason, LIFI desires to see “a multi-bridge, agnostic method” to Uniswap governance. Zentner proposed that this could possibly be completed by appointing a staff of 4 engineers to review the topic and submit a proposal.

Associated: Wormhole wins second ‘temp examine’ change into bridge for Uniswap

The LIFI CEO appeared to suggest that the present proposal ought to be voted down and the date of BNB Chain deployment postponed till not less than March 27. In keeping with a picture posted by Zentner, the Uniswap staff had beforehand set a deadline of March 27 for a “remaining report revealed with neighborhood suggestions.” Zenter mentioned that he believes this deadline can nonetheless be met, even when the present proposal is voted down.

Enterprise capital agency a16z lately tried to make use of its 15 million UNI tokens to vote the BNB proposal down, because of the agency’s issues about Wormhole bridge safety. Nevertheless, Metamask developer ConsenSys has used its 7 million UNI votes to help the proposal. The vote is scheduled to finish on Feb. 10.

Subscribe to our mailing list to receive new updates and special offers

We don’t spam! Read our [link]privacy policy[/link] for more info.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button