Rejected: Proposal To Deploy Uniswap V3 On Binance
Venture capital firm Andreessen Horowitz (a16z) has rejected a proposal to deploy Uniswap V3 on the Binance Smart Chain. The plan was proposed by the team at Uniswap and would have seen the decentralized exchange move away from its current Ethereum-based infrastructure.
Uniswap Proposal Carefully Considered
In a statement released today, a16z said it had “carefully considered” the proposal but ultimately decided against it. The firm cited “risks associated with introducing a new platform” as one of its primary reasons for rejecting the plan.
Andreessen Horowitz (a16z) has rejected a proposal to deploy Uniswap V3 on the Binance Smart Chain, citing potential risks associated with introducing a new platform.
The team presented the proposal at Uniswap, which wanted to move away from its current Ethereum-based infrastructure and onto the BNB chain. However, after careful consideration, a16z said they decided against it.
The venture capital firm stated that while they were “impressed” by the potential of such an endeavour, they were ultimately concerned about introducing a new platform prone to issues such as security vulnerabilities or other unforeseen complications. They also noted that there would be significant costs associated with setting up and maintaining such an infrastructure.
Despite this decision, a16z did express its continued support for Uniswap and its mission to provide users with an easy-to-use and secure decentralized exchange experience. They noted that they would continue exploring other ways of collaborating with Uniswap to advance their cryptocurrency trading vision further.