Uniswap Labs, the Development Team behind the Decentralized Exchange (DEX) of the Ethereum Network, announced that the latest version of its protocol will be launched next week, between January 27 and February 2.
A Post in the social network X The company reported that this week the official implementations of the new version of the protocol begin.
The implementations of version 4 (V4) will begin so that developers try the Hooks and the integrations into the chain.
Uniswap Labs, Uniswap developers.
The developer team estimates that “all contracts are deployed to a complete launch next week,” that is, that the V4 Protocol of the Decentralized Exchange will be accessible to all audiences.
What again brings V4 from Uniswap?
UNISWAP V4 comes with a series of updates that promise to improve the functionality and performance of the exchange platform. Among the most outstanding and mentioned characteristics in their Technical document There is a new liquidity model, called «Singleton«, that keeps all the liquidity of the Pools In a single smart contract.
From the architectural point of view, all the Pool states and operations are managed by a single contract: Poolmanager.sol. The Singleton design offers important gas savings. For example, the creation of a pool is now a state update instead of the implementation of a new contract. The exchange between several pools no longer requires the transfer of tokens for intermediate pools.
Uniswap Labs, Uniswap developers.
Another of UNISWAP V4 updates is the introduction of «Hooks»Customizable. These hooks affect the functionality of liquidity pools and other development tools, providing more flexibility. It will also allow developers to enter the so -called dynamic rates, that will improve the efficiency of exchanges and the ability to “adapt rates to changing market conditions”
Developers can attach solidity logic to the SWAP life cycle through Hooks. Logic is executed before and/or after important operations, such as the creation of Pools, the addition and elimination of liquidity, the swap and donations. The Hooks They are contracts implemented and are called by the Uniswap V4 poolmanager for execution without permits.
Uniswap Labs, Uniswap developers.
Another implementation is “Flash Accounting»O Accounting flash. Any exchange or modification in liquidity generates balance and balances changes in the UNISWAP protocol. “With flash accounting, these changes in the balance are recorded efficiently in transitory storage and compensate for each other. This system allows users to pay only the change of final balance, without the need to solve intermediate balance changes, ”says the technical document of the new version.
Finally, Uniswap V4 will admit native tokens without the need for wrap or develop them In the passage from one chain to another. For example, from Ether, the native token of the Ethereum Network, to Wrapped Ether (Weth9) or Ether wrapped.
How does the V4 version of UNISWAP improve the previous one?
The introduction of Uniswap version 4 will improve the valid version in several ways. The creation of liquidity pools, the mechanism thanks to which users can exchange tokens without permission, would be easier in the latest version.
In another sense, the introduction of accounting flash It will allow greater configuration of pool parameters. “Because accounting flash It is not present in version 3, it is the responsibility of the integration contract to carry out tokens transfers, after each individual call, to each individual group contract, ”says UNISWAP Labs comparing both versions.
Finally, UNISWAP version 4 will reduce or eliminate the costs associated with the action of wrapping tokens. Now, Uniswap will house native tokens in liquidity pools, which means less additional steps during exchanges and liquidity offers, as well as lower transaction rates.