Saturday, July 5, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Jump and a16z Fight for Uniswap Bridge Privileges

by Tom Carreras
February 6, 2023
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Key Takeaways

  • Uniswap wants to deploy on BNB Chain.
  • However, two crypto firms are disagreeing on which cross-chain bridge the protocol should use.
  • Jump and a16z are both pushing for bridge solutions they’re invested in—Wormhole and LayerZero, respectively.

Share this article

A Uniswap proposal to deploy the protocol on BNB Chain by using Wormhole is being contested by crypto firm a16z, which wants the decentralized exchange to use LayerZero instead.

Jump vs. Andreessen Horowitz

Two crypto firms are fighting over Uniswap.

The Uniswap community is currently voting on whether to deploy the decentralized exchange onto the BNB Chain—and whether the protocol should use Wormhole or the LayerZero cross-chain bridge solution to do so. 

The proposal has come under scrutiny in the crypto community as it pits two prominent crypto firms—a16z and Jump—against each other. Jump is a major backer of Wormhole, whereas a16z is invested in LayerZero. 

The initial “temperature check” vote saw the Uniswap community overwhelmingly vote in favor of using Wormhole as a bridge (80.28% “yes” votes against 19.72% “no” votes). However, a16z partner Eddie Lazzarin indicated that the firm had not been able to commit its 15 million UNI tokens against the proposal due to technical reasons with regards to its custodial set-up. Due to its massive holdings, VC’s participation may have swung the vote.

Nevertheless, a16z’s stash may not be sufficient to prevent the final proposal from passing. At the time of writing, a total 39.63 million votes had been cast, with over 61.67% in favor of deploying Uniswap on BNB Chain using Wormhole and 38.32% against. While a16z is the biggest UNI holder to have committed its tokens to vote so far, it has only courted an additional 190,000 votes, bringing the total of votes against the proposal to roughly 15,190,000. Meanwhile, Wormhole backers have secured over 24,440,000 votes thanks to UNI whales such as Robert Leshner, GFX Labs, and Argent.

However, it’s worth noting that only 3.9% of all UNI tokens have been committed to vote so far: the process is therefore far from a done deal and could still swing either way. Voting concludes on February 10. 

Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



Source link

Tags: a16zBridgefightjumpPrivilegesUniswap
Previous Post

AI Tokens Lead Crypto Market Gains As Institutional Investors Bet Big On The Technology

Next Post

Cash Flow Analysis: Budget from the Bottom Up

Related Posts

Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

by Sebastian Villafuerte
July 5, 2025
0

Bitcoin is going through resistance just under its $112,000 all-time excessive, struggling to interrupt into value discovery because the market...

Top 15 Bitcoin Cycling Betting Sites for the 2025 Tour de France [Bonuses, Odds & Features Compared]

Top 15 Bitcoin Cycling Betting Sites for the 2025 Tour de France [Bonuses, Odds & Features Compared]

by B Chad
July 5, 2025
0

5Bet on the 2025 Tour de France with Bitcoin. Evaluate one of the best crypto biking betting websites for odds,...

Robinhood Tokenization May Undercut NYSE Liquidity, Galaxy Warns

Robinhood Tokenization May Undercut NYSE Liquidity, Galaxy Warns

by Cointelegraph by Amin Haqshanas
July 5, 2025
0

Robinhood’s plan to tokenize shares on its new Ethereum-compatible blockchain may shift buying and selling quantity away from conventional exchanges...

Ethereum’s Failed Golden Cross Triggers Fears, Is ,000 A Pipe Dream?

Ethereum’s Failed Golden Cross Triggers Fears, Is $3,000 A Pipe Dream?

by Scott Matherson
July 5, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure Technical evaluation exhibits Ethereum has simply...

Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON

Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON

by Gino Matos
July 4, 2025
0

Rostec, the Russian protection and expertise conglomerate, introduced on July 3 that it will introduce a ruble-pegged stablecoin and a linked cost...

Donald Trump Threatens Tariffs Of Up To 70% Ahead July 9 Deadline

Donald Trump Threatens Tariffs Of Up To 70% Ahead July 9 Deadline

by Kelvin Munene Murithi
July 5, 2025
0

US President Donald Trump has warned that he'll impose tariffs of as much as 70% on imports from a number...

Next Post
Cash Flow Analysis: Budget from the Bottom Up

Cash Flow Analysis: Budget from the Bottom Up

Chelsea Handler Defends Cancel Culture: Just Don’t Be Racist or Sexist

Chelsea Handler Defends Cancel Culture: Just Don't Be Racist or Sexist

Leave a Reply Cancel reply

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

MDLZ Quantitative Stock Analysis | Nasdaq

MDLZ Quantitative Stock Analysis | Nasdaq

July 5, 2025
Beatbot AquaSense 2 Ultra robotic pool cleaner now 20% off!

Beatbot AquaSense 2 Ultra robotic pool cleaner now 20% off!

July 5, 2025
5 Stocks I’m Buying As The ‘Big Beautiful Bill’ Pushes The Market To New Highs

5 Stocks I’m Buying As The ‘Big Beautiful Bill’ Pushes The Market To New Highs

July 5, 2025
Cooperatives cultivating peace in South Sudan — Global Issues

Cooperatives cultivating peace in South Sudan — Global Issues

July 5, 2025
Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

July 5, 2025
What Moved Markets This Week

What Moved Markets This Week

July 5, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

MDLZ Quantitative Stock Analysis | Nasdaq

Beatbot AquaSense 2 Ultra robotic pool cleaner now 20% off!

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In