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Uniswap v4 slated for Q3 2024 launch

Uniswap says the codebase for v4 will undergo rigorous auditing processes.

Uniswap v4 slated for Q3 2024 launch

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The Uniswap Foundation announced on Thursday via X that the launch of the much-anticipated Uniswap v4 upgrade is slated for a Q3 2024 launch.

The upgrade is designed to leverage Ethereum’s upcoming Dencun upgrade, implementing key features from Ethereum Improvement Proposals (EIPs, specifically EIP-4788, EIP-1153, and EIP-4844) that will enable enhanced functionality and efficiency for the decentralized protocol.

A key feature that will be implemented once Uniswap v4 deploys is the concept of “hooks,” which allow for the injection of custom logic at specifically designated points for pools, swaps, fees, and other LP positions.

Hooks enable dynamic adjustments and a wider range of use cases for smart contracts. This concept was introduced on June 13, 2023, alongside the Uniswap Foundation’s publication of the v4 draft. According to its developers, this functionality provides potentially lower fees and better asset management for end users.

According to the developers, Uniswap v4 is aligned with the Dencun upgrade, particularly with EIP-1153, which enables transient storage. This functionality allows developers to build out optimizations for smart contracts, effectively reducing gas fees (for transactions associated with a swap or instant swap) through a method called “flash accounting.”

Uniswap says the codebase for v4 will undergo rigorous auditing processes to make it the “most rigorously audited code ever deployed on Ethereum.”

Following internal reviews, comprehensive third-party audits will be conducted in collaboration with various Web3 audit companies. A community audit contest is also planned to validate the code before launch.

The codebase is frozen for now as it undergoes security improvements as developers prepare for its testnet phase.

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