- This put an end to a dispute that had dragged on for months
- It arose when Uniswap integrated into BNB Chain
- The a16z Foundation tried to stall the process to “push through” its own protocol for interconnection
The Uniswap Foundation chose two protocols for subsequent interconnection. This is Wormhole and Axelar. The organization also considered several other options, including Multichain and LayerZero.
“The committee believes these services are currently appropriate for managing the sharing of solutions in future interconnect deployments, but recommends that the community test them as well as other vendors on an ongoing basis,” the report of the subject committee said.
This decision is a kind of compromise, the result of months of friction among various members of the community. Why the dispute?
In late January of this year, the Uniswap community approved the integration into BNB Chain. Wormhole won the vote to choose the interconnection protocol by a substantial margin.
But in the subsequent ratification of the decision, the a16z, unexpectedly, opposed integration.. The foundation hoped to “push through” its own project, LayerZero.
Li.Fi followed that up with a proposal to use a structure of several bridges that would solve the dispute.. Note that the Committee considered this option, acknowledged its effectiveness, but noted the impossibility of implementation at this stage.
It wasn’t until mid-March that Uniswap v3 was integrated into the BNB Chain. This whole a16z situation has exposed some problems in the DeFi sector. Many users are talking about the segment gradually becoming centralized around the big players.