Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO
As Uniswap DAO voting continues to roll out BNB on the network, LIFI CEO Philippe Zentner argued a forum post on Feb. 6 said the current proposal was wrong. The plan to use Wormhole as Uniswap’s sole control bridge should be abandoned, Zentner said. Instead, he stated that Uniswap researchers should work on a standardized system for using multiple bridges to make management decisions.
Ongoing discussion about @uniswapthe forum is critical to the multi-chain ecosystem in 2023.
In short: Uniswap’s x-chain governance model is likely to become the industry standard.
As an impartial member of the community, @lifeprotocol rooting for a multi-bridge implementation
— Philip Zentner | LI.FI (@PhilippZentner) February 6, 2023
In his post, Zentner stated that LIFI strongly recommends that “Uniswap not select a single bridge provider for its BNB Chain Deployment Proposal” because “no single AMB [arbitrary messaging bridge] tested enough to be considered a reliable and secure solution that only a project of the size of Uniswap can rely on at the moment.”
As proof of this, Zentner reminded readers of the many bridge breaches that the crypto community has suffered over the past two years, stating:
“Don’t forget that two major AMBs have been used in the past twelve months (Nomad and Wormhole) and LayerZero has also recently come under fire for its security model (Prestwich 2, L2Beat). We are not saying this as a judgment, rather we are pointing it out to highlight how difficult it is to create secure AMBs and the subsequent risks that a dApp is exposed to when choosing a single bridging solution.”
For this reason, LIFI wants to see an “independent multi-bridge approach” to managing Uniswap. Zentner suggested that this could be achieved by appointing a group of four engineers to study the subject and make a suggestion.
Wormhole wins second temporary check and becomes Uniswap’s nexus
The CEO of LIFI seemed to be hinting that the current offer should be rejected, with the rollout date for the BNB network delayed until at least March 27. According to an image posted by Zentner, the Uniswap team previously set a March 27 deadline for “final report published with community recommendations.” Center said he believes the deadline can still be met even if the current proposal is rejected.
Venture capital firm a16z recently attempted to use its 15 million UNI tokens to reject a BNB offer due to the firm’s concerns about the security of the Wormhole Bridge. However, Metamask developer ConsenSys used their 7 million UNI votes to support the proposal. Voting should end on February 10th.
Credit : cointelegraph.com