Uniswap Share From Binance CEO CZ Has Arrived! “Not Decentralized!”

world’s largest cryptocurrency stock market Changpeng Zhao, founder and CEO of Binance He continues to share about the events taking place in the sector.

CZ is one of the most active decentralized exchanges (DEX) in the crypto industry. Uniswap (UNI) commented on.

of Uniswap wormhole using the bridge BNB initiated a vote to initiate the Uniswap protocol on the chain.

However UNI investment firm holding a certain portion of its supply Andreessen Horowitz’s cryptocurrency arm a16zReports emerged that . . .

It is in this context that a16z is against Uniswap’s use of the Wormhole bridge and Wormhole’s rival LayerZero LabsIt is claimed to support the .

CZ, who first quoted Chris Blec’s post describing the relationship between Uniswap and a16z, “Is Uniswap controlled by a16z?” asked the question.

After that blockchain Citing the post of data company Bubblemaps, CZ stated that they believe a16z manages the Uniswap exchange. crypto- joined other names in the industry.

In the post CZ quoted, Bubblemaps wrote:

“You are being lied to about the management of UNI.

a16z holds and controls 41.5 million UNIs through 11 wallets representing more than 4% of the UNI supply.

The amount required for any bid to pass on Uniswap is 4%.”

You’re being lied to about the governance of UNI@a16z could control 41.5M UNI through 11 wallets, which represents more than 4% of the supply

4% is the required amount to pass any proposal 🧵↓ https://t.co/mVdTukYstD pic.twitter.com/u7l9kBFIWF

— Bubblemaps (@bubblemaps) February 5, 2023

In this context, it was stated that the result of the vote in UNI may be affected by hedge funds such as a16z, which is a supporter of LayerZero, and Jump, which is a supporter of Wormhole, respectively.

The final vote, which will determine whether Wormhole or LayerZero will be the supporting bridge between the BNB chain for Uniswap, is pending. Because the total number of votes still has not reached 40 million UNI.

*Not investment advice.