[Temp Check] - Update Crosschain Governance Parameters for Avalanche, MegaETH, Soneium, and X Layer
AI summary
This Uniswap proposal aims to update the technical infrastructure for cross-chain governance, which is how decisions made on the Ethereum Mainnet are applied to other blockchain networks. It proposes two main changes: first, transferring ownership of Uniswap v2 and v4 contracts on Soneium and X Layer to a new type of contract called CrossChainAccount for better security and execution. Second, it suggests migrating the messaging system for Avalanche and MegaETH deployments from LayerZero v1, which is being deprecated, to Wormhole, a different cross-chain messaging protocol.
If passed, this proposal will improve the security and reliability of Uniswap's governance across multiple chains by adopting updated best practices and migrating away from deprecated systems. This benefits all users and developers interacting with Uniswap on Avalanche, MegaETH, Soneium, and X Layer, as it ensures that governance decisions can be executed smoothly and securely. There are no clear losers, and no direct financial impact on the treasury is mentioned.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
8 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…