Thank you for posting this updated proposal, LayerZero.
We believe this proposal addresses a lot of the questions we have raised before. And their ability to change Chainlink with a set of Uniswap-aligned oracle validators is very promising.
For total transparency, LayerZero reached out to us and addressed most of our technical concerns.
One thing we believe we undervalued, in our initial assessment, is the immutability of the bridge. Many hacks happen because of simple upgrades. Under LayerZero’s design, the underlying infrastructure (LayerZero protocol) is immutable. The changeable parts, the Oracle (header sync) and Relayer (MIP), can only be changed by Uniswap governance.
Given the immutability and LayerZero’s new proposed Oracle, we would like to signal to the community that we have tentatively moved LayerZero as our preferred bridge provider for BNB.
We would also love to see more documentation provided from LayerZero’s side, especially around the oracle and relayer services.