Uniswap’s BNB deployment ought to use a number of bridges, claims LIFI CEO

As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 discussion board put up that the present proposal is flawed. Based on him, the plan to make use of Wormhole as the only real governance bridge for Uniswap must be deserted. As a substitute, he claimed that Uniswap researchers ought to work on a standardized system for utilizing a number of bridges to deal with governance selections.

Within the put up, Zentner acknowledged 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-about a sturdy and safe resolution {that a} challenge of Uniswap’s measurement can solely depend on at this level.”

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

“Lest or not it’s forgotten, two main AMBs had been exploited previously twelve months (Nomad and Wormhole), whereas LayerZero has additionally come beneath hearth lately for its safety mannequin (Prestwich 2, L2Beat). We don’t say this as condemnation, somewhat, we level this out to spotlight simply how tough it’s to construct safe AMBs and the following 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 achieved by appointing a workforce of 4 engineers to review the topic and submit a proposal.

Associated: Wormhole wins second “temp examine” to grow to be bridge for Uniswap

The LIFI CEO appeared to indicate that the present proposal must be voted down and the date of BNB Chain deployment postponed till at the very least March 27. Based on a picture posted by Zentner, the Uniswap workforce had beforehand set a deadline of March 27 for a “last report printed with group 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 use 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 assist the proposal. The vote is scheduled to finish on Feb. 10.