The community is intrigued by the groundbreaking Decentralized Exchange (DEX) protocol Uniswap’s V4 engine announcement.
Decentralized cryptocurrency exchange Uniswap has hinted at the imminent release of Uniswap V4, its permissionless automated market maker protocol that is non-custodial, non-upgradable, and non-upgradable.
Uniswap V4 Project Launch in Q4
As per an X post, the anticipated release date for Uniswap V4 is the third quarter of the current calendar year. The protocol emphasized the exponential growth in momentum surrounding the Uniswap V4 Upgrade.
Uniswap published a roadmap illustrating a comprehensive strategy to guarantee that the Uniswap V4 engine “should be the most rigorously audited code ever deployed on Ethereum—the roadmap below reflects a comprehensive plan to ensure this,” as stated by the protocol.
A code freeze is underway as part of the roadmap’s initial phase. As stated in the Uniswap description, this includes the conclusion of core code, testing, gas optimizations, and security enhancements. All other ancillary details will be finalized during this phase prior to progressing to the subsequent level.
v4 is coming 👀 https://t.co/ZdoPWX0wju
— Uniswap Labs 🦄 (@Uniswap) February 15, 2024Subsequently, an extensive audit will be conducted by a selection of the most reputable auditing firms. An auditing competition would also be held among members of the Uniswap community.
The crew will then deploy Uniswap V4 to testnets in order to conduct observations. Finally, modifications to the Uniswap V4 code will be implemented using the retracted feedback.
Completing the initial two segments is anticipated by the third quarter of 2024. With this in mind, the third and final phase of the offering’s introduction to the Ethereum mainnet will occur in the third quarter.
Significant Developments In Uniswap’s Past
Upon its release, Uniswap V4 will enable developers to construct customized Automated market maker (AMM) features without generating a new AMM design directly on Uniswap.
In addition to this capability, the protocol will enable developers to access deep liquidity and other pre-existing features, such as concentrated liquidity in version 3.
In contrast to the V2, which introduced flash exchanges, direct ERC-20/ERC-20 pools, and an enhanced price oracle, the Uniswap V4 is entirely dissimilar. Each iteration represents a progressive enhancement over its predecessor.
This information follows an initial announcement regarding the Dencun Upgrade’s introduction on Ethereum. It is worth mentioning that the mainnet launch of Dencun has been scheduled for March 2024.
Tim Beiko of the Ethereum Foundation announced a week ago that the activation of the Dencun upgrade is slated for slot number 8626176 and is anticipated to occur on March 13, 2024. Go Ethereum, an execution layer client for Ethereum, released Geth v1.13.12, also known as Edolus, on February 9.