Uniswap has announced the creation of a Bridge Assessment Committee to evaluate a set of bridges and bridge-agnostic solutions with a focus on the needs of Uniswap cross-chain governance. The Committee will provide guidance on the ideal long-term solution to build towards and support and a recommendation for how the Uniswap community may continue to monitor and diligence bridges as the space evolves.
The Committee will analyze:
- Eight bridges, including Axelar, Celer, deBridge, Hyperlane, LayerZero, Multichain, Router Protocol, and Wormhole,
- Three bridge-agnostic solutions: a multi-bridge implementation built by the Celer team, a block header oracle-based solution being built by the Gnosis team, and ERC-5164, a cross-chain execution interface supporting execution across EVM networks.
In December 2022, Uniswap DAO began discussing deploying Uniswap v3 to the BNB Chain. In the process, the decentralized autonomous organization (DAO) had to decide which bridge protocol would be used for cross-chain Uniswap governance.
In the discussion that followed, the security of each solution was challenged by critics, leaving some observers to conclude that no single bridge solution was secure enough for Uniswap’s purposes. As a result, some participants concluded that only a multibridge solution can secure crypto assets in the cross-chain environment of crypto today.
Uniswap
Governance
DeFi
Cross-Chain
