Uniswap sets launch date for third version of protocol

The launch of Uniswap’s third version is scheduled for May 5.

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🦄 Today we are thrilled to present a detailed overview of Uniswap v3, the most flexible and capital efficient AMM ever designed!

🏃 Mainnet launch is scheduled for May 5, with a scalable Optimism L2 deployment set to follow soon afterhttps://t.co/NTekDxWVA8

— Uniswap Labs 🦄 (@Uniswap) March 23, 2021

The developers pledged to deploy the Layer-2 Optimism scaling solution shortly after the release of the new version of the DEX.

One of the main innovations of the new protocol is “Concentrated Liquidity positions” [Concentrated Liquidity positions].

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Uniswap v3’s groundbreaking new feature is Concentrated Liquidity positions

Rather than being required to allocate capital across the entire price spectrum from 0 to infinity, each LP is given full control over what price ranges they wish to provide liquidity to pic.twitter.com/AOCm340YI9

— Uniswap Labs 🦄 (@Uniswap) March 23, 2021

In mid-May, deployment of the Optimism solution is planned, significantly boosting the platform’s scalability and reducing users’ transaction costs.

Another feature of Uniswap v3 is a three-tier structure of liquidity-provider fees (0.05%, 0.30% and 1%). It is expected that LPs will generate more fees from pools with highly volatile coins.

Earlier ForkLog reported that in the run-up to the launch of the new version of the DEX, the number of search queries for the word ‘uniswap’ approached DeFi-boom records.

What is Uniswap (UNI)?

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