Updates on Uniswap V4
Uniswap Labs is actively developing the much-anticipated V4 release and has shared some details about its progress. The upcoming version is being approached in three milestones, with a potential launch later this year if there are no security issues or delays with the Cancun hard fork and audit process.
– The first step in the timeline was achieved on June 13th, with the publishing of the protocol code. This emphasized Uniswap’s commitment to decentralization by allowing public view and contribution to the protocol repo.
– The launch of V4 relies on the completion of the audit process, which depends on the successful integration of EIP-1153 into Ethereum’s Cancun. This upgrade is expected to happen in September.
– After Cancun, an extensive auditing process will be conducted on the V4 codebase before deployment. This process could take anywhere from one to four months, and there may be delays or extensions due to the Cancun hard fork or security testing.
What’s New in V4?
The V4 upgrade will enhance Uniswap’s coin-swapping capabilities by introducing “hooks” and custom liquidity pools. Hooks act as plugins that customize how pools, swaps, fees, and LP positions interact.
– New features like on-chain limit orders and dynamic fees will be implemented, making it easier to bring traditional exchange platform functionalities to a decentralized blockchain setting.
– The cost of pool creation on Uniswap V4 will be significantly reduced by 99%, as all pools will exist within a single contract.
Hot Take
Uniswap V4 is set to bring exciting additions to the popular DEX platform. The introduction of hooks and custom liquidity pools will enable more customization and flexibility for users. With features like on-chain limit orders and reduced pool creation costs, Uniswap aims to enhance the trading experience and attract more users to its decentralized platform. Keep an eye out for the upcoming launch later this year.
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