Hi HODLers, Hiveans and Lions,
Ethereum decentralized exchange Uniswap launched its V4 platform Friday, building upon previous versions by making liquidity pools cheaper and unlocking new development opportunities for builders in the industry.
The Uniswap v4 is now live on 12 chains including Ethereum mainnet and layer-2 networks like Arbitrum and Base, plus the likes of Avalanche and BNB Chain.
Apparently, it should have a 99.99% reduction in costs for liquidity pools but that's not all Uniswap V4 grants developers and protocols new opportunities thanks to the introduction of a lot of different options for developers and traders to play with.
See below 2 examples enabled by the V4:
- A dynamic fee hook could enable automatic fee adjustments based on market conditions,
- an auto-rebalancing hook would allow for consistent rebalancing and optimization of a liquidity position.
“For chains, V4 offers a pathway to supercharge the growth of their DeFi ecosystems and support their developer communities. For protocol teams, V4 enables a way to improve user experience, and to differentiate themselves. And for developers, V4 provides a platform to build powerful new DeFi applications,”
$UNI Token Price
Stay safe out there,