Uniswap team outlines timeline for the launch of the fourth version of the protocol

The launch of Uniswap v4 is expected to take place within four months after the Dencun hard fork on the Ethereum blockchain. This follows a statement from the secretary of the Uniswap Foundation, Erin Cohen.

The timeframe depends on the successful deployment of the Cancun upgrade of the execution layer on the Ethereum mainnet, and the implementation during this process of EIP-1153. The Uniswap team expects that the upgrade will occur no earlier than September.

After the Cancun activation, the fourth version of the protocol will be “frozen” and undergo a thorough audit. It is expected to take up to four months.

“The schedule is purely indicative. It should be noted that the hard fork may be delayed, the audit process may be extended, and the protocol may undergo other security checks that have not yet been discussed,” Cohen stressed.

Developers on June 13 published the preliminary code for Uniswap v4.

One of the main features of v4 for a decentralized exchange will be the use of “hooks” (hooks). These are plugins that allow liquidity pools to implement entirely new features, such as dynamic fee adjustments or the creation of different types of orders.

The release also features a system of “instant accounting” (flash accounting), designed to reduce gas costs for liquidity providers. The mechanism is based on an on-chain data storage solution that activates EIP-1153.

In April, Uniswap Labs lost exclusive commercial rights to the Uniswap v3 code due to the expiration of the BSL license.