Dear reader, behold! Uniswap v4 has made its grand entrance onto the stage of blockchain networks, ready to dazzle all with its swapping prowess in the imminent future. 🎉✨
Uniswap Labs, the noble patron of this decentralized exchange, has declared that the fourth chapter of its protocol is now open for all to revel in. This upgrade is a gift to developers and liquidity enthusiasts alike, promising smoother operations and an abundance of on-chain liquidity. 🎁💰
In a missive from the company, it was revealed that Uniswap v4 has taken its bow on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network, all on the glorious day of January 31st. 🎓📜
Our dear friends at Uniswap had intended to unveil v4 in the previous year, but alas, delays ensued. These were due to meticulous code audits to safeguard against any malevolent forces and numerous hackathons to put the protocol’s code through the wringer. The team also subjected v4’s code to nine rounds of scrutiny and even offered a princely sum of $15.5 million for any bugs found lurking within its architecture. 🕵️♂️💰
Two innovations in Uniswap v4 have captured the imagination of many – the introduction of “hooks” and the singleton liquidity design. Hooks, in particular, have garnered much attention since the announcement of v4, for they promise to metamorphose Uniswap into a developer-centric decentralized application. 🦄💻
The wise scribes at Uniswap Labs describe Hooks as blockchain contracts designed to permit bespoke architectures for liquidity pools, on-chain swaps, and crypto fees. In tandem with the singleton liquidity framework, which amalgamates Uniswap liquidity into a solitary smart contract, Hooks shall enable cheaper transactions and speedier swaps, thus enhancing the user’s experience. 🤝💸
More than 150 Hooks have already sprung to life, bringing forth a cornucopia of features from dynamic fees to automated liquidity management. By granting developers the freedom to build and experiment atop the protocol, Hooks facilitate accelerated development cycles and tighter integrations. 🌱🚀
Uniswap blog post
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2025-02-01 00:21