Uniswap Unveils Version 3 In Bid To Stay DeFi's Top Dog (coindesk.com) 9
An anonymous reader quotes a report from CoinDesk: Uniswap, the leading decentralized exchange (DEX) on Ethereum and a centerpiece of the $42 billion decentralized finance (DeFi) sector, is releasing its third iteration. In a Tuesday blog post, the firm behind the platform said its aim is to make Uniswap "the most flexible and efficient [automated market maker] ever designed." AMMs -- once nearly solely the domain of Uniswap -- have grown in stature along with DeFi's emergence last year. Rivals like SushiSwap, 1inch and others have also made the exchange of Ethereum-based assets easy for many crypto natives.
Uniswap v3 is expected to launch on mainnet on May 5, the firm wrote. Notably, Uniswap is eyeing an integration "soon after" with Ethereum throughput booster Optimism. All told, the new version promises greater "up to [4,000 times] capital efficiency relative to Uniswap v2," the firm wrote. The key change, as outlined in the new white paper, is what Uniswap is calling "concentrated liquidity." "In this paper, we present Uniswap v3, a novel AMM that gives liquidity providers more control over the price ranges in which their capital is used, with limited effect on liquidity fragmentation and gas inefficiency," it states.
Uniswap v3 is expected to launch on mainnet on May 5, the firm wrote. Notably, Uniswap is eyeing an integration "soon after" with Ethereum throughput booster Optimism. All told, the new version promises greater "up to [4,000 times] capital efficiency relative to Uniswap v2," the firm wrote. The key change, as outlined in the new white paper, is what Uniswap is calling "concentrated liquidity." "In this paper, we present Uniswap v3, a novel AMM that gives liquidity providers more control over the price ranges in which their capital is used, with limited effect on liquidity fragmentation and gas inefficiency," it states.
*yawn* (Score:2)
Won't mean anything until ETH fees aren't absurd.
Re: (Score:1)
A person with knowledge of crypto? What are you doing on slashdot?
Re: (Score:2)
Don't swap on ETH then. Use a different protocol.
Substrate, solana etc.
Still trying, slashdot (Score:4, Insightful)
Still trying to make "DeFi" a thing on slashdot, I guess?
What is this story, even?
Ugh
Re:Still trying, slashdot - DeFi = scam (Score:1)
It’s pointless to criticise DeFi as everyone involved knows it’s just a bunch of pyramid schemes with funny-sounding names.
Also, everyone knows that everyone knows. Just a bunch of bagholders staring at each other, every single one convinced he’ll manage to get out at the top.
https://twitter.com/Tr0llyTr0l... [twitter.com]
Crypto-boys and their abbreviations... (Score:2)
You know, I would hope that as proponents of this whole digital currency idea, that they would try to make things less opaque for neophytes rather than more complex and confusing by using weird unknown acronyms and abbreviations causing an instant reaction of "What the hell is... I just don't care *back button*"
I mean seriously, it's practically it's own language dialect at this point. If you want to see how a bunch of tech guys can take an interesting idea and make sure that nobody cares, let them do the
Re: (Score:2)
Like conspiracy theories and secret societies the desire to be in on the secret has a define pull for certain types of people. Perhaps their marketing is on point.