1. Home
  2. Altcoins
  3. DeFi Platform Uniswap Set To Launch V3 on Ethereum – Here’s When
DeFi Platform Uniswap Set To Launch V3 on Ethereum – Here’s When

DeFi Platform Uniswap Set To Launch V3 on Ethereum – Here’s When

0
0

Source: Daily Hodle

Leading decentralized crypto exchange Uniswap (UNI) is revealing that it’s gearing up for the launch of a highly-anticipated upgrade.

In a statement, Uniswap Labs says it is targeting to roll out Uniswap v3 on the Ethereum mainnet on May 5th with features that’ll make it “the most flexible and capital-efficient automated market maker ever designed.”

On the upcoming Uniswap iteration, liquidity providers (LPs) will have more control over how they allocate capital on the platform.

“Concentrated liquidity, giving individual LPs granular control over what price ranges their capital is allocated to. Individual positions are aggregated together into a single pool, forming one combined curve for users to trade against.”

According to Uniswap, the feature allows LPs to provide liquidity with up to 4000x capital efficiency relative to Uniswap v2, enabling them to generate higher returns on their capital.

The update also introduces multiple fee tiers which allow liquidity providers to be “appropriately compensated for taking on varying degrees of risk.”

Uniswap adds that gas costs on v3 swaps will be “slightly cheaper” than the current version of the decentralized exchange. The much-awaited deployment of the Optimism layer-two scaling solution will follow soon after the v3 launch according to Uniswap.

“Transactions made on the Optimism deployment will likely be significantly cheaper.”

In anticipation of the announcement, Uniswap printed an all-time high of $36.41 on March 23rd, according to CoinMarketCap. At the time of writing, UNI is valued at $30.93.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/onimate

The post DeFi Platform Uniswap Set To Launch V3 on Ethereum – Here’s When appeared first on The Daily Hodl.

Go to Source
Author: Daily Hodl Staff