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Uniswap Labs has shared some details about its highly anticipated v4 release, which is currently under active development. In a new post, the team behind DeFi juggernaut Uniswap said it is looking at the upcoming version launch in the context of three milestones.
If there are no security issues or delays regarding the Cancun hard fork and audit process, V4 is likely to be launched later this year.
Update on Uniswap V4
According to Erin Coen, governance lead at the Uniswap Foundation, the first step in the timeline includes the publication of the protocol code which was achieved on June 13. This included opening up the protocol repo for public viewing and contribution, a move intended to underline Uniswap’s dedication to decentralization.
One of the main factors of V4 launch depends on the completion of the audit process, which, in turn, depends on the successful integration of EIP-1153 into Ethereum’s Cancun. The upcoming upgrade is expected at the end of September.
After Cancun, developers will focus on a comprehensive auditing process of the v4 codebase before it is deployed. This process is estimated to last between one and four months. Despite providing a timeline, Coen acknowledged,
“The above timeline is purely indicative and it should be noted that the Cancun hard fork may be delayed, the audit process may be extended, and the protocol may be subjected to additional security testing.”
What’s new in V4?
The V4 upgrade is expected to expand the coin-swapping capabilities of the DEX by introducing “hooks” and custom liquidity pools. According to Hayden Adams, CEO of Uniswap Labs, hooks can be described as “plugins to customize how pools, swaps, fees and LP positions interact.”
The new functionality aims to implement features such as on-chain limit orders and dynamic fees that may be accessible on more traditional exchange platforms but are not easy to bring to a blockchain setting with no centralized infrastructure. Among other features, pool creation costs will also be reduced by 99% on Uniswap v4 as all pools reside within the same contract.
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Uniswap Labs has shared some details about its highly anticipated v4 release, which is currently under active development. In a new post, the team behind DeFi juggernaut Uniswap said it is looking at the upcoming version launch in the context of three milestones.
If there are no security issues or delays regarding the Cancun hard fork and audit process, V4 is likely to be launched later this year.
Update on Uniswap V4
According to Erin Coen, governance lead at the Uniswap Foundation, the first step in the timeline includes the publication of the protocol code which was achieved on June 13. This included opening up the protocol repo for public viewing and contribution, a move intended to underline Uniswap’s dedication to decentralization.
One of the main factors of V4 launch depends on the completion of the audit process, which, in turn, depends on the successful integration of EIP-1153 into Ethereum’s Cancun. The upcoming upgrade is expected at the end of September.
After Cancun, developers will focus on a comprehensive auditing process of the v4 codebase before it is deployed. This process is estimated to last between one and four months. Despite providing a timeline, Coen acknowledged,
“The above timeline is purely indicative and it should be noted that the Cancun hard fork may be delayed, the audit process may be extended, and the protocol may be subjected to additional security testing.”
What’s new in V4?
The V4 upgrade is expected to expand the coin-swapping capabilities of the DEX by introducing “hooks” and custom liquidity pools. According to Hayden Adams, CEO of Uniswap Labs, hooks can be described as “plugins to customize how pools, swaps, fees and LP positions interact.”
The new functionality aims to implement features such as on-chain limit orders and dynamic fees that may be accessible on more traditional exchange platforms but are not easy to bring to a blockchain setting with no centralized infrastructure. Among other features, pool creation costs will also be reduced by 99% on Uniswap v4 as all pools reside within the same contract.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
