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- Uniswap has launched its latest version, Uniswap v4, across multiple blockchain networks, enhancing its DeFi platform with new features.
- Uniswap v4 introduces ‘hooks,’ allowing developers to implement custom logic, fostering innovation and faster development cycles.
- The new version significantly reduces costs for users, with cheaper pool creation and gas savings, while maintaining high security standards through extensive audits and a large bug bounty.
- Uniswap v4 is accessible through all Uniswap Labs products, enabling seamless integration for swappers and liquidity providers.
Uniswap, a leading decentralized finance (DeFi) platform, has officially launched its latest iteration, Uniswap v4. This version follows the successful v2 and v3, which collectively processed over $2.75 trillion in trading volume without any security breaches. Uniswap v4 is now live on multiple blockchain networks, including Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB ($684.05) Chain, Blast, World Chain, Avalanche, and Zora Network.
The new version is accessible through the Uniswap web app, with liquidity provision available immediately. Swapping functionality will be rolled out over the coming days as liquidity transitions to v4.
Uniswap v4: A Customizable DeFi Developer Platform
Uniswap v4 introduces significant customizability, transforming the protocol into a developer platform. This is achieved through ‘hooks,’ which are modular plugins that allow developers to implement custom logic for pools, swaps, fees, and liquidity provider (LP) positions.
Over 150 hooks have been developed, enabling features such as dynamic fees and automated liquidity management. These hooks facilitate faster development cycles and stronger integrations, enhancing the network effects of the Uniswap Protocol. The platform’s open nature encourages innovation, with developers continuously exploring new features and experiments.
Cost Efficiency and Security in Uniswap v4
Uniswap v4 also focuses on reducing costs for users. Creating new pools is up to 99.99% cheaper compared to previous versions, and swappers can benefit from gas savings on multi-hop swaps. The inclusion of native ETH ($3,357.99) support further reduces costs for ETH pairs.
Security remains a priority for Uniswap. The v4 codebase has undergone nine independent audits and a $2.35 million security competition, involving over 500 participants. Additionally, a $15.5 million bug bounty was offered, marking it as the largest in history. No critical bugs were discovered during these evaluations, and the bug bounty continues to encourage ongoing security research.
Accessing Uniswap v4
Uniswap v4 is available across ten blockchain networks and can be accessed through all Uniswap Labs products. Swappers will automatically route through UniswapX, v2, v3, and v4 liquidity pools without needing to change their usage habits. Liquidity providers can migrate existing positions to v4 or create new ones using hooks by selecting ‘v4’ on the LP page.
Developers interested in building hooks can explore the developer guide for integration with the Uniswap web app and wallet. For more details, the official announcement can be found here.
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