In a recent announcement, it was revealed that the decentralized exchange Uniswap V3 is coming with features that will be making the lucidity go further and reduce the risk of trading. Version 3 of the decentralized exchange will be adding concentrated lucidity, better oracles, and brand new fee tiers.
Decentralized Exchange Uniswap V3 Coming Out Tomorrow
As we all are aware of the fact that new products and features are dropping in the market almost every week in the developing Defi arena. Hence, the top decentralized exchanges can not just sit behind and release and definitely can’t afford to rest on its accolade.
The exchange was upgraded to Version 2 last May, and Version 3 of the platform is releasing tomorrow. The Uniswap V3 promises to provide its users with advanced control over the lucidity that they provide and feature more upside for even riskier trades.
There is no denying the fact that the Defi is a multi-billion dollar industry that has managed to replace the traditional financial institutions such as banks and brokerage firms, with automated code built atop a blockchain network.
An individual is capable of acquiring loans, earning interests on his holdings, placing bets on the future values of the tokens, and even swap tokens via Defi.
More About the Popular Ethereum-Based AMM
Uniswap is undoubtedly one of the most popular Decentralized exchanges or DEX based on Ethereum, which allows the users to swap tokens that run through the network of Ethereum.
In addition to this, the platform itself is an Automated Market Maker (AMM), which means it relies on the algorithms to price assets instead of the purchasing and selling orders.
As written by Uniswap in a press release in the month of March, it was revealed that:
“Automated market makers have historically required all [liquidity providers] to share identical strategies and deposit capital across the entire price curve from 0 to infinity.”