{"id":77986,"date":"2023-04-28T10:27:32","date_gmt":"2023-04-28T07:27:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77986"},"modified":"2025-09-11T02:21:46","modified_gmt":"2025-09-10T23:21:46","slug":"uniswap-unveils-solutions-to-cut-protocol-costs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uniswap-unveils-solutions-to-cut-protocol-costs\/","title":{"rendered":"Uniswap unveils solutions to cut protocol costs"},"content":{"rendered":"<p>The team behind the decentralized exchange Uniswap has created a new Permit2 approval mechanism that allows smart contracts to move tokens on behalf of users.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Token approvals are essential but cumbersome\u2014that\u2019s why we built Permit2 ?<\/p>\n<p>Token approvals allow smart contracts to move tokens on behalf of users and DeFi to run smoothly. We built Permit2 make this process even better ?<\/p>\n<p>\u2014 Uniswap Labs ? (@Uniswap) <a href=\"https:\/\/twitter.com\/Uniswap\/status\/1651670164948103170?ref_src=twsrc%5Etfw\">April 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the developers, there are situations in which multiple transfers are required, and consequently gas fees, which leads to \u201cuser frustration and potential security risks\u201d.<\/p>\n<p>Permit2 allows network participants to set their own permissions and approve token transfers with a single signature, and also significantly reduces fees.<\/p>\n<p>Uniswap has created the so-called \u00abuniversal router\u00bb for token swaps and <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">NFT<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abRouters are optimised for finding the lowest prices and executing trades with the smallest gas costs. [\u2026] With the new smart contract, users will be able to perform multiple swaps on Uniswap V2 and V3 and purchase NFTs on various marketplaces in a single transaction\u00bb, \u2014 it is said in the platform&#8217;s blog.<\/p>\n<\/blockquote>\n<p>The two technologies are interconnected. In this way, the user passes the Permit2 authorization directly to the router, which does not require additional computation.<\/p>\n<figure class=\"wp-block-embed\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"BXgRyJtJtG\"><p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-uniswap-uni\">What is Uniswap (UNI)?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00abWhat is Uniswap (UNI)?\u00bb \u2014 ForkLog\" src=\"https:\/\/forklog.com\/cryptorium\/chto-takoe-uniswap\/embed#?secret=onAqUIDh5X#?secret=BXgRyJtJtG\" data-secret=\"BXgRyJtJtG\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div>\n<\/figure>\n<p>In March, the Uniswap team <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-team-rolls-out-third-version-of-protocol-on-bnb-chain\">deployed<\/a> the third version of the protocol on the BNB Chain.<\/p>\n<p>In April, the exchange community <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-community-approves-deployment-of-the-protocol-on-polygon-zkevm\">approved<\/a> integration on Polygon zkEVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the decentralized exchange Uniswap has created a new Permit2 approval mechanism that allows smart contracts to move tokens on behalf of users.<\/p>\n","protected":false},"author":1,"featured_media":77987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[54,1134,1391],"class_list":["post-77986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-smart-contracts","tag-technical-updates","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77986"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77986\/revisions"}],"predecessor-version":[{"id":77988,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77986\/revisions\/77988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77987"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}