The Launch of Uniswap Version 4 (v4) Protocol: A Closer Look
The Uniswap Foundation has shared exciting details about the upcoming launch of Uniswap’s version 4 (v4) protocol. Here are the key points to know:
1. Timeline: The launch of v4 is projected to take place within the next four months, depending on the successful implementation of Ethereum’s Cancun upgrade and the completion of a comprehensive audit process.
2. Introduction of “Hooks”: V4 will bring about a significant evolution in Uniswap with the incorporation of “hooks.” These smart contracts will allow for additional customization in liquidity pools, including dynamic fees, on-chain limit orders, and customized on-chain oracles.
3. Flash Accounting: The v4 release will introduce a new “flash accounting” system that aims to lower fees for liquidity providers. Unlike the previous model, which transferred assets after each swap, this method will only transfer net balances, resulting in considerable gas savings.
4. Protocol Code Frozen: The next phase in the v4 development process is the “protocol code frozen” stage, which involves incorporating EIP-1153 into the code. The launch is contingent upon the successful integration of EIP-1153 into the Cancun upgrade, possibly happening as early as September.
5. Audit Process: Currently, the v4 code is undergoing an audit process, estimated to take between one and four months. This audit must be completed before the official launch of the v4 protocol.
Hot Take
The upcoming launch of Uniswap’s version 4 protocol brings exciting advancements to the largest decentralized exchange. With the introduction of hooks and flash accounting, Uniswap aims to provide more customization options and lower fees for liquidity providers. While the launch timeline depends on the successful implementation of Ethereum’s Cancun upgrade and completion of the audit process, the future looks promising for Uniswap and its users. Stay tuned for further updates on this highly anticipated release!
By
By
By
By
By