Promising Uniswap V3 is Alive on Ethereum Mainnet

avatar
(Edited)

image.png
(Source)

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.

dexvolumemonthly.png

image.png

158817836372645504 45.png

Posted Using LeoFinance Beta



0
0
0.000
7 comments
avatar

Shame the gas fees are so high though

Posted Using LeoFinance Beta

0
0
0.000
avatar

Waiting for EIP-1559.

0
0
0.000
avatar

Is that ETH2?

0
0
0.000
avatar

ETH2
Yeah kind of. More of drastic improvement proposal, that promises to reduce gas fees and burn Ethereum in the process too.
Expected to go live in May. Fingers Crossed!

0
0
0.000