Uniswap Labs has released some details about the highly anticipated v4 release. which is currently under development The team behind DeFi giant Uniswap says that if there are no security issues or delays with the Cancun hard fork and validation process, the V4 release is likely to launch later this year.
Update on Uniswap V4
Erin Koen, head of regulatory affairs at the Uniswap Foundation, said the first step in the timeline included the release of the protocol code, which was accomplished on June 13. The move is meant to reaffirm Uniswap’s commitment to decentralization.
One of the main factorslaunch V4 is based on the integrity of the verification process. This will depend on the successful integration of EIP-1153 into Ethereum’s Cancun. The upgrade is expected to happen by the end of September.
And after Cancun, developers will focus on a comprehensive review process of the codebase v4 before deployment. The process is expected to last between one and four months.
“The above timeline is only a prediction. It should also be noted that the Cancun hard fork process may be delayed and the verification process may be extended. and other safety tests may be required.”
What’s new in V4?
The V4 upgrade is expected to expand DEX token swapping capabilities by introducing “hooks” and custom liquidity pools. Uniswap Labs CEO Hayden Adams said hooks can be described as “plugins” for customizing swaps. interaction of pools , swap , fees and LP positions”
This new functionality is intended to implement features such as on-chain limit orders and dynamic fees. Additionally, the cost of pool creation on Uniswap v4 is reduced by 99% since all pools are in a single contract.
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