Uniswap Foundation’s Bridge Report Winners and Losers unveiled.

“The Uniswap Foundation has released its Bridge Assessment Report, a significant community project that involved a formal examination of some of the core infrastructure powering its governance process. Uniswap is the largest decentralized exchange (DEX) by trading volume and was one of the first blockchain-based programs to offer a decentralized alternative to traditional currency exchanges. The foundation used a group of nine experts to analyze six of the leading crypto bridge providers, which are vital pieces of crypto infrastructure that allow blockchains to pass messages from one to another. After a comprehensive review involving code evaluation and direct interaction with the bridge teams, the committee approved Wormhole and Axelar for Uniswap’s specific use case of protocol governance. The assessment was designed to address some key issues faced by Uniswap and other decentralized governance bodies, including the need for specialized expertise when weighing big decisions and the potential for conflicts of interest to muddy community deliberations. However, the protocols that were reviewed positively in the report, like Axelar, are already wearing the results as a badge of honor. The report is not binding, and the Uniswap community will ultimately be tasked with voting on the bridge platform that will be used to back its governance process whenever it expands to a new blockchain. The foundation kicked off Uniswap’s bridge assessment process after a tumultuous community vote last year to select a bridge for Uniswap v3’s expansion to BNB Chain. The assessment was designed to address some key issues faced by Uniswap and other decentralized governance bodies, including the need for specialized expertise when weighing big decisions and the potential for conflicts of interest to muddy community deliberations.”