An actual vote on a suggestion to utilize the most recent edition of the decentralized Uniswap on BNB-Chain was successful. And now a full leadership vote on Uniswap DAO is helping to bring the big hitters to the surface.

A16z and Jump Crypto Vie for Influence in Uniswap-V3 Deployment on Binance Chain

OxPlasma Labs has proposed that the Uniswap-V3 protocol will be deployed on BNB-Chain by making use of the Wormhole Bridge. By voting against it, A16z was capable of putting its significant UNI assets to good use. Both the venture capital firm and Jump Cryptocurrency have considerable stakes in the outcome of the competition. It quarries two of the biggest engaged VCs in the cryptocurrency field against one another. The polls will be closed on February 10th.

LayerZero is supported as a gateway by a16z, the cryptocurrency division of Andreessen Horowitz, whereas Jump has investments in Wormhole. During the temperature check that took place a week ago, A16z was unable to cast a vote. However, partners indicated the intention to support LayerZero.

A16z Support for LayerZero in Uniswap-V3 Deployment on Binance Chain Questioned

Eddie Lazzarin, a member at a16z, stated in a news post that in order to be completely clear, they at a16z would’ve supported 15 m tokens in favor of LayerZero if it had been actually able to do so. This was stated in order to be entirely unambiguous. In addition, they’ll be allowed to do so in upcoming Snapshot ballots. The custodial arrangement for the fund’s coins meant that it was unable to take part in the temp check, according to a whistleblower who was familiar with the procedure and spoke with the media.

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Although the debate regarding these roadways is partially about security — cross-chain roadways have been the aim of repeated attacks, such as the $325 m cyberattack on Wormhole, which took place in 2017 — the possibility that two enormous venture capital groups will vote in support of their portfolio companies also had a significant impact in the discourse.

Wormhole supporters had hoped to steer clear of this situation, with one individual with deep ties to the initiative stating to the press that they would be shocked if a16z went against the decision of the public and tried to sink the project.