Uniswap decentralized exchange is approaching the third version of the protocol and has successfully deployed Uniswap V3 smart contracts across all Ethereum testnets.
This week, Uniswap Labs confirmed that Uniswap V3 protocol smart contracts are deployed across all major Ethereum testnets: Ropsten, Rinkeby, Kovan, and Goerli. Testnet smart contract addresses have been posted on Github. At the same time, the Uniswap developers reminded users that the addresses are not final and will be changed as the team updates the repository. The main contracts of the third version are also published on GitHub.
On March 23, a developer reward program was launched to detect errors in V3 contracts with payments of up to $ 500,000. Recall that in March, the developers of the Uniswap decentralized exchange introduced a new version of the Uniswap V3 protocol, which will be launched on May 5 on Ethereum, and then integrated with the solution of the second Optimism level.
A key change outlined in the Uniswap V3 White Paper is “concentrated liquidity,” which allows liquidity providers to set minimum and maximum prices for their stake in any given pool. The new version of the protocol will also allow creating different pools with different commissions.
In addition, the developers have made major changes to the protocol licensing regime. With the new license, the developers want to prevent other DeFi projects from completely copying the protocol code to create their own apps. As a reminder, last fall a fork of Uniswap called SushiSwap brought liquidity from the parent platform to its own. As a result, the volume of assets blocked on Uniswap fell by 75%.
Despite the high fees of the Ethereum network, which, according to Etherscan, average about $ 67.86 per token exchange for Uniswap, DEX continues to attract large trading volumes. On April 20, Uniswap founder Hayden Adams reported that weekly trading volume on the platform reached $ 10 billion for the first time.
