Uniswap Labs has recently shared some exciting details about the progress of its highly anticipated v4 release. The team behind the decentralized finance (DeFi) powerhouse, Uniswap, has outlined three key milestones in the launch of this upcoming version. Barring any security issues or delays related to the Cancun hard fork and audit process, v4 is expected to be launched later this year.
Protocol Code Published
As part of the timeline, Uniswap Foundation’s governance lead, Erin Koen, has announced the completion of the first step. On June 13th, the protocol code was published, allowing the public to view and contribute to the protocol repository. This move emphasizes Uniswap’s commitment to decentralization and community involvement.
Audit Process and Cancun Hard Fork
The launch of v4 heavily relies on the successful integration of EIP-1153 into Ethereum’s Cancun, which is scheduled for the end of September. Once the Cancun hard fork is complete, the developers will shift their focus to an extensive auditing process of the v4 codebase before its deployment. This auditing process is estimated to take anywhere between one to four months. However, it should be noted that delays in the Cancun hard fork or extensions in the audit process are possible, as well as additional security testing for the protocol.
Enhanced Features in v4
The v4 upgrade aims to enhance Uniswap’s coin-swapping capabilities by introducing “hooks” and custom liquidity pools. According to Uniswap Labs CEO Hayden Adams, hooks can be described as “plugins to customize how pools, swaps, fees, and LP positions interact.” These new features will provide users with greater flexibility and customization options, further solidifying Uniswap’s position as a leading decentralized exchange (DEX) in the DeFi space.
In summary, Uniswap Labs is actively developing the highly anticipated v4 release, with three key milestones guiding the launch timeline. The publishing of the protocol code and the completion of the Cancun hard fork are crucial steps in the process. However, the timeline provided is subject to change due to potential delays or extensions in the audit process and additional security testing. The v4 upgrade will introduce new features such as hooks and custom liquidity pools, allowing users to have a more tailored experience on the Uniswap platform. As the DeFi ecosystem continues to evolve, Uniswap remains at the forefront, driving innovation and decentralization in the industry.