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UPDATE (5/5 2:40 p.m. ET): The Uniswap staff has officially announced the launch of v3.
“We’re thrilled to announce that Uniswap v3 has been deployed to the Ethereum mainnet! All related contract addresses might be discovered here,” the staff mentioned in a blog post.
A migration information for v3 had beforehand been added to GitHub.
This story will probably be up to date as developments proceed.
The long-awaited third iteration of the decentralized change protocol Uniswap went live on Wednesday.
Unveiled in March, Uniswap v3 goals to make the on-network change of tokens drastically extra capital-efficient. As reported on the time, the design hones in on a functionality known as concentrated liquidity by which liquidity suppliers (LPs) could make markets inside personalized value ranges.
As The Block Analysis’s Mika Honkasalo mentioned throughout a post-announcement look on The Scoop podcast: “I feel that is why Uniswap actually had nowhere to go of their design besides transfer in direction of this kind of lively liquidity provision as a result of that’s one thing that works with conventional markets.”
As well as, the Uniswap staff mentioned that Uniswap v3 could be deployed at later date on Optimistic Rollup, a layer-two protocol meant to drive down transaction prices.
Knowledge collected by The Block exhibits that Uniswap continues to be the dominant Ethereum-based decentralized change, pulling in roughly $51 billion in quantity in the course of the month of April.
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