Uniswap V4 Release Depends On ETH’s Cancun Upgrade And Audit
Uniswap had asked for comments from the community to talk about possible problems and ways to make V4 better.
Uniswap Labs has given more information about its much-anticipated v4 release, which is still being worked on. The team behind the DeFi powerhouse Uniswap said in a new post that it is thinking about the release of the next version in terms of three goals.
V4 is expected to be released later this year if there are no security problems or delays with the Cancun hard fork and audit process.
V4 Uniswap updates
Erin Koen, who is in charge of governance for the Uniswap Foundation, says that the first step in the plan is to share the protocol code, which was done on June 13. It involved making the protocol repo public so that anyone could look at it and add to it. This was done to show how committed Uniswap is to openness.
One of the most important things that needs to happen before V4 can be released is for the audit process to be finished, which depends on EIP-1153 being successfully added to Ethereum’s Cancun. The update is likely to happen at the end of September.
After Cancun, the developers will work on a thorough audit of the v4 script before it is put into use. The whole thing could take anywhere from one to four months. Even though he gave the schedule, Koen said,
“The above timeline is purely indicative and it should be noted that the Cancun hard fork could be delayed, the audit process could be extended, and the protocol could be subjected to other security testing.”
V4—what’s new?
The V4 update should make the DEX’s ability to swap coins even better by adding “hooks” and unique liquidity pools. Hayden Adams, the CEO of Uniswap Labs, says that hooks are “plugins that let you change how pools, swaps, fees, and LP positions interact with each other.”
The goal of the new features is to add things like “on-chain limit orders” and “dynamic fees” that may be available on more standard exchange platforms but are hard to add to a blockchain, which has no centralized infrastructures. On Uniswap v4, among other things, the cost of making a pool will be cut by 99% because all pools will live in a single contract.
