Uniswap, a decentralized finance (DeFi) trading protocol, has announced the launch of its third version on the Ethereum mainnet. According to an announcement, the new version brings better execution for traders with concentrated liquidity feature.
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With the launch on the mainnet, blockchain developers can now build new products on Uniswap v3. The Uniswap developers say the second version of the protocol will remain functional and available "as long as the Ethereum network continues to exist."
The announcement also says there is no v3 liquidity mining program at launch. However, Uniswap governance may introduce a liquidity mining program "at any time" via the standard Uniswap governance process, the developers noted. iHodl earlier reported that Uniswap, a decentralized automated market maker (AMM), has revealed a third version of the protocol.
With the new features, Uniswap's oracles will be able to provide time-weighted average prices (TWAPs) on demand for any period within the last nine days. This removes the need for integrators to checkpoint historical values, the developers say. In addition, starting from v3 liquidity providers could provide liquidity with "up to 4000x capital efficiency."
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