5. By Amber Baxter May 5, 2021 Given that the total value of Ethereum’s decentralized funding is now $ 89 billion, https://twitter.com/Uniswap/status/1374407418205990921. One of the most anticipated events in the cryptocurrency ecosystem took place yesterday – the announcement of Uniswap’s version 3 (v3). Uniswap v3 introduces: Concentrated liquidity, giving individual LPs granular control over what price ranges their capital is allocated to. With the same amount of funds, V3 has a lower slippage than V2. Is Bitcoin The Best-Performing Asset Class Of The Decade Or The Biggest Bubble? Recently, Uniswap has released an official overview of its V3 release introducing the concepts of aggregated liquidity, range orders and multiple fee tiers. They store cumulative sums of pair prices on a per-second basis. In order to deploy this code to a local testnet, you should install the npm package @uniswap/v3-periphery and import bytecode imported … “We strongly believe decentralized financial infrastructure should ultimately be free, open-source software. Uniswap V3 is a better Automated Market Maker (AMM) as it is flexible and efficient, making liquidity providers have better ROI on the investment. Another teaser has emerged from the Uniswap Labs team depicting an animated video alluding to its version 3 launch. hide. Finally, on March 23, Uniswap announced its latest version, Uniswap V3, release date — May 5. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. In the previous version, liquidity providers would keep capital as a … level 1. With $89 billion in overall valuation trapped in decentralised finance on Ethereum, the market is waiting to see whether the arrival of UniSwap v3 would be the spark for DeFi’s next big bull run. Reply. The crypto Twittersphere is awash with commentary today following the tweet as the hype intensifies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. Reading Time: < 1 minute. Last Updated Apr 19, 2021 @ 17:15. 4 … If you like crypto news daily make sure to subscribe. The license will limit the use of the V3 source code in a commercial or production setting for up to two years, at which point it will convert a General Purpose License (GPL) for an indefinite period. Uniswap v3 release has caused FOMO among market participants. https://twitter.com/Uniswap/status/1374407380520239109. Today we will be looking at the release of uniswap v3 and what it means for DeFi. Finance Redefined: Uniswap V3 is here, but was it worth the wait? Traditionally, all AMMs had the same strategy, which made it hard to do individual pricing. The Uniswap protocol empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. It looks like Uniswap V3 is coming out, I wonder how this will effect the price of UNI. Uniswap V3 is said to be the most flexible and capital-efficient automated market maker (AMM) ever designed. The license will limit the use of the V3 source code in a commercial or production setting for up to two years, at which point it will convert a General Purpose License (GPL) for an indefinite period. Today, we are excited to present an overview of Uniswap v3. The Uniswap interface uses localStorage to store your settings. This recently launched protocol is currently the most powerful version on Uniswap. Uniswap’s growth has been stellar, rising to become the king of decentralized finance (DeFi) over the past year. The latest release is always accessible via our alias to the Cloudflare IPFS gateway at app.uniswap.org. 2. After months of waiting, Uniswap, the world’s leading decentralised exchange (DEX), has announced new details about its next iteration. At the time, Uniswap didn’t have its native UNI token and as a result, a lot of liquidity exited Uniswap and headed for its new rival. Uniswap releases v3 with 4,000x capital efficiency and concentrated liquidity By Steven Msoh March 24, 2021 The top DeFi project released the details about its Version 3, which will include being able to concentrate liquidity in a price range, affording 4,000x capital efficiency. Notably, the Uniswap V1 upgrade was launched in November 2018. Did Elon Musk Cause The Crypto Market To Crash? DeFi enthusiasts are in high anticipation of the Uniswap V3, but the official release date remains unknown; The Uniswap team has confirmed that the major update will be rolled out later this year while speculators predict it could come as soon as May Uniswap V3 offers top-notch DeFi infrastructure, better execution for traders, and capital efficiency for liquidity providers (LPs). The trading price of Uniswap in 2021 was … Cardano (ADA) whales spike by 1,231% as the network finds real-world usage, Terra Virtua welcomes marketing veteran Pierre Dadd as new Marketing Director, Ripple partners with Egypt’s largest bank for cross-border remittances, Bitcoin sheds 15% to hit 3-month low as China sends new warning against crypto. By concentrating their liquidity, v3 LPs get to achieve higher capital efficiency. In one of the rare indications that v3 is coming soon, Adams took to Twitter recently to poll his followers about the upgrade. You alone bear the risk for your investment decisions. 28 days ago. This model worked well for some assets but disadvantaged others, as the v3 whitepaper notes. The most iconic is concentrated liquidity, a feature that allows liquidity pools to choose what price range they allocate their capital to. Reply. For the LPs, this will allow them to provide liquidity in more volatile assets as they will get to earn more fees. We are targeting an L1 Ethereum mainnet launch on May 5, with an L2 deployment on Optimism set to follow shortly after. V2, which launched in May last year, introduced the concept of time-weighted average price (TWAP) oracles. If you continue to use this site we will assume that you are happy with it! Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. Sort by. Disgusting. "Innovation is a key competency for any DEX to move forward. In April alone, Uniswap recorded approximately $51 billion in volume, … Beware that other sites you access via the same IPFS gateway can read and modify your settings on the Uniswap interface without your permission. Share. As V2 had previously skyrocketed the market, there’s a good chance that the release of Uniswap V3 will be highly beneficial to UNI’s future. level 1. The bulls were able to break the price corridor where the price of UNI had been trapped for months. The license expires after two years. A suite of tools for a tokenized world. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. With its May 5 release date, Uniswap v3 promises advanced new capabilities and yield generation prospects. report. Uniswap Labs released an overview of the upcoming Uniswap Protocol v3. The world’s most popular decentralized exchange, Uniswap, has finally released the specifications and launch date for its highly anticipated version 3 … In doing so, LPs construct individualized price curves that reflect their own preferences. This feature will … This incident has made Uniswap more cautious with its products. The goal of Uniswap v3 is to make it “the most flexible and efficient AMM ever designed.” The DEX is highlighting three new features. This repository contains the periphery smart contracts for the Uniswap V3 Protocol. After months of waiting, Uniswap, the world’s leading decentralised exchange (DEX), has announced new details about its next iteration. As a result, UNI price soared more than 40% in the last few days. As per data from DeFi Prime, in the past 24 hours, Uniswap processed $1.1 billion in trading volume. While launching v3, the project ensured it inserted a business source license that prevents any other entity from copying this code. Andrew Drake-24/03/2021. One of the most significant improvements is ‘concentrated liquidity’, which gives individual liquidity providers (LPs) granular control over what price ranges their capital is allocated to. With a $16 billion market cap, it’s 8 times more valuable than SUSHI. The third iteration of the decentralized exchange Uniswap (v3) has a mainnet deployment date of May 5. The launch is expected to take place on May 5, 2021, alongside a Layer 2 deployment on Optimism. Uniswap is also making major changes to the licensing for the new V3. You can avoid this issue by using a subdomain IPFS gateway, or our alias to the latest release at app.uniswap.org. There has been great excitement in the cryptocurrency industry over the release of v3. About us Report Save. The Uniswap team has been issuing teasers for its version 3 (v3) release, but no official launch date has been set. Through concentrated liquidity made possible by Uniswap, traders do not have to invest in a lot of capital. LPs will be able to provide liquidity with up to 4000x capital efficiency relative to Uniswap V2, earning higher returns on their capital: “In Uniswap v3, LP’s can concentrate their capital within custom price ranges, providing greater amounts of liquidity at desired prices. But then some big brain from Uniswap decided to release V3. Image source: IOSG Ventures. Uniswap is also making major changes to the licensing for the new V3. The highly anticipated Uniswap V3 roll out has arrived. Continue this thread level 1. And we're back in hell. Report Save. Some of the most vital features mentioned in their blog included Concentrated Liquidity, Range Orders, and Flexible Fees. These advanced oracles will be cheaper and easier to use, allowing users to fetch data such as “simple-moving averages (SMA), exponential moving averages (EMA), outlier filtering, and more.”. Andrew discovered blockchain in his final year of school and since developed a keen interest in the subject.
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