Promising Uniswap V3 is Alive on Ethereum Mainnet
Evening
So the freshly released Uniswap v3 is the talk of the town. Uniswap v3 promises to give uses more control over their liquidity and security against riskier trades.
The highlight of newer version is what Uniswap calling 'Concentrated Liquidity', making the automated market maker(AMM) more efficient by offering more flexibility to liquidity providers on how they provide liquidity. Concentrated Liquidity will allow liquidity providers in a pool to define a band in which their assets can be traded, also shielding them from impermanent loss.
Liquidity providers will also be able to define fees for trades. This will incentivize LPs to go for less traded tokens and earn higher trading fees.
The launch of V3 amidst the Ethereum's current bulls run is a move by Uniswap to lure heavy investment. Defi market is getting more and more competitive by every passing day. Uniswap's clone SushiSwap is also planning to introduce upgrades to attract more capital. Pancakeswap running on Ethereum rival Binance Smart chain has already sliced away a large chunk of Uniswap market share.
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Shame the gas fees are so high though
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Waiting for EIP-1559.
Is that ETH2?
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Thanks
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