The Uniswap Foundation indicated a launch projection of up to four months, contingent on Ethereum’s Cancun upgrade and an audit process.
. It will also need the finalization of a comprehensive audit process that may also take up to four months afterward.Uniswap, the largest decentralized exchange protocol, is preparing for its next significant evolution with the release of version 4 . Itsreleased on June 13 indicates a shift towards a more modular exchange structure, predominantly through the incorporation of “hooks.
The v4 release will also introduce a “flash accounting” system that will result in lower fees for liquidity providers. This system differs from the v3 model, which transferred assets into and out of pools after each swap. Instead, the new method transfers only net balances. Uniswap’s team anticipates that flash accounting will lead to considerable gas savings in v4. The mechanism relies on “transient storage,” which will be activated by the proposedIn this context, Koen said that the next phase in the v4 development process is the ‘protocol code frozen’ stage. This stage includes the incorporation of EIP-1153 into the v4 code.
In the meantime, the v4 code is undergoing an audit process. According to Koen, this audit, estimated to take between one and four months, must be completed prior to the official launch of the v4 protocol. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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