rewrite this content using a minimum of 1000 words and keep HTML tags
Alisa Davidson
Published: January 31, 2025 at 10:10 am Updated: January 31, 2025 at 10:10 am
Edited and fact-checked:
January 31, 2025 at 10:10 am
In Brief
Uniswap Labs launches Uniswap v4, the most customizable and cost-effective version of its protocol, now live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.
Organization behind the decentralized exchange (DEX) Uniswap, Uniswap Labs announced the launch of Uniswap v4, the latest iteration of its protocol. This version is designed to be the most customizable and cost-effective version of Uniswap yet. It is now live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network.
Liquidity providers can access Uniswap v4 through the Uniswap web application, with swapping functionality gradually rolling out over the coming days as liquidity transitions to the new version.
Uniswap v4 transforms the protocol into a flexible developer platform, offering virtually unlimited customizability. This is achieved through “hooks”—modular plugins that allow developers to integrate custom logic for pools, swaps, fees, and liquidity provider (LP) positions. More than 150 hooks have already been developed, enabling dynamic fees, automated liquidity management, and other features. These hooks allow for faster development cycles, deeper liquidity, and more integrated swaps, which contribute to strengthening the network effects of the Uniswap Protocol. The open nature of hooks has spurred innovation, with numerous new features and experiments being added to the automated market maker (AMM). As Uniswap v4 goes live, the team looks forward to seeing how developers will continue to push the boundaries of decentralized finance (DeFi).
In addition to increased customization, Uniswap v4 offers large gas savings for both liquidity providers and traders. Creating new pools on v4 is up to 99.99% cheaper than previous versions, and traders can expect lower gas costs on multi-hop swaps. The addition of native ETH support brings even greater savings for ETH pairs.
Uniswap v4 has been built with a strong emphasis on transparency and security. Since its announcement, Uniswap Labs has made the full contract code publicly available and has received hundreds of pull requests (PRs) from the community. The codebase has undergone comprehensive reviews, including nine audits of core and peripheral contracts, a $2.35M security competition with over 500 participants, and the largest bug bounty in history, offering up to $15.5M for critical bugs. No critical bugs were discovered during the security competition or the bug bounty process. The bug bounty remains active to encourage continued security research, code reviews, and the reporting of any vulnerabilities following deployment.
How To Access Uniswap v4 Via Web App And Wallet?
The protocol is live across 10 different blockchains and is available on all Uniswap Labs products.
Support for swaps using v4 will be gradually rolled out across Uniswap’s products in the upcoming days. Users do not need to take any additional steps to access v4 – swaps will automatically route through UniswapX, v2, v3, and v4 liquidity pools.
Liquidity providers can either migrate their existing positions to v4 or create new positions that incorporate hooks. To do so, simply select “v4” on the LP page and enter the hook’s address. Developers interested in building hooks can refer to the developer guide to create their first hook or explore instructions on integrating hooks with the Uniswap web application and wallet.
Uniswap is a DEX operating on the Ethereum blockchain, enabling users to trade cryptocurrencies directly with one another without intermediaries. It utilizes an automated market maker (AMM) system, where liquidity is provided by users who stake their cryptocurrencies into liquidity pools. These pools facilitate trading by determining token prices based on the ratio of tokens within them.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
