Summary
Uniswap Foundation plans to launch Uniswap Version 4 (V4) protocol in Q3 2024 with a focus on security and audits. V4 will introduce new features like modular design with “hooks” for customization and “flash accounting” to reduce fees for liquidity providers. The upgrade depends on Ethereum’s Dencun hard fork in March 2024. Uniswap’s native token price has shown positive performance amidst these developments.
Key Points
1. The Uniswap Foundation is focused on enhancing security in the decentralized exchange (DEX) ecosystem with the upcoming Uniswap Version 4 (V4) protocol, scheduled for release in the third quarter of 2024.
2. The V4 upgrade will undergo extensive audits by multiple firms and a community audit contest to ensure the highest security standards are met, reflecting Uniswap’s commitment to rigorous code deployment on Ethereum.
3. Uniswap’s V4 upgrade will introduce new features such as modular design incorporating “hooks” for customization in liquidity pools, dynamic fees, on-chain limit orders, specialized on-chain oracles, and the introduction of “flash accounting” to reduce fees for liquidity providers significantly.