Uniswap v4 has formally launched throughout a number of blockchain networks, with swapping options set to debut for all customers within the coming days.
Uniswap Labs, the entity behind the decentralized alternate Uniswap, introduced that its fourth-generation protocol is now accessible for public entry. The improve introduces enhancements aimed toward enhancing developer operability and on-chain liquidity.
Based on a weblog put up from the corporate, Uniswap v4 is dwell on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Community as of January 31.
The agency had initially deliberate to roll out v4 final 12 months. Nevertheless, delays occurred resulting from in depth code audits to make sure safety and a number of hackathons to emphasize take a look at the protocol’s code. Additionally, the workforce audited v4’s code 9 instances and even issued a $15.5 million bug bounty to troubleshoot any lingering structure issues.
Two of probably the most important upgrades in Uniswap v4 are the introduction of “hooks” and the singleton liquidity design. Hooks, particularly, drew consideration when v4 was introduced, because the improve promised to rework Uniswap right into a developer-focused decentralized software.
The Labs describe Hooks as blockchain contracts constructed to permit customized structure for liquidity swimming pools, on-chain swaps, and crypto charges. Hooks goes hand-in-hand with the singleton liquidity framework, which blends Uniswap liquidity right into a single sensible contract.
Uniswap engineers stated the brand new liquidity structure ought to allow cheaper transactions and sooner swaps to raised the end-user expertise.
Over 150 hooks have already been developed, introducing all the pieces from dynamic charges to automated liquidity administration. By permitting builders to construct and experiment immediately on high of the protocol, hooks allow sooner improvement cycles and stickier integrations.
Uniswap weblog put up