[Temp Check] - Update Crosschain Governance Parameters for Avalanche, MegaETH, Soneium, and X Layer
AI summary
This proposal aims to update Uniswap's cross-chain governance system to improve security and efficiency. It involves two main changes: first, transferring ownership of Uniswap v2 and v4 contracts on Soneium and X Layer to CrossChainAccount contracts, which are considered best practice for executing messages from the Ethereum Mainnet on the OP Stack. Second, it will migrate the messaging system for Uniswap deployments on Avalanche and MegaETH from the older LayerZero v1 to Wormhole, a different cross-chain communication protocol, due to LayerZero v1's deprecation.
If passed, this proposal will enhance the security and reliability of Uniswap's governance across multiple blockchain networks by adopting updated cross-chain messaging standards. It primarily benefits users and the DAO by ensuring smoother and more secure execution of governance decisions on Avalanche, MegaETH, Soneium, and X Layer. There are no direct financial gains or losses for specific parties mentioned.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Summary
Secure crosschain messaging is an integral part of Uniswap’s governance model. Governance votes like protocol fee adjustments are executed by UNI holders on Ethereum Mainnet and must subsequently be relayed to destination chains.
This proposal updates Uniswap’s crosschain governance system to accommodate the latest best practices. Specifically, we propose to:
- Transition ownership of the Uniswap v2 and v4 contracts on Soneium and X Layer to CrossChainAccount contracts, which we consider to be the current best practice for executing messages from Ethereum Mainnet on the OP Stac…