Uniswap v3 capital efficiency might set a DeFi rally after launch
Uniswap v3 is set to launch on the ETH main net today and many believe that this will set another DeFi rally after a successful v2 launched last year.
Uniswap is an exchange protocol created to end the issue of liquidity around decentralized exchanges (DEX). After hitting a total value locked (TVL) of $8.53 billion, Uniswap has beaten the record to be one of the highest TVLs amongst all DeFi projects. Uniswap’s yield farming, better known as liquidity mining, has been the trader’s favorite platform.
Uniswap version 3 focuses on capital efficiency and will possess other great new features (as listed below) that also resolve the current issues.
- Concentrated Liquidity
- Active Liquidity
- Range Orders
- Non-Fungible Liquidity
- Multiple fee tiers
- Easier and Cheaper Advanced Oracles
- Time-delayed license for up to two years
On top of that, v3 provides a more efficient AMMs (automated market maker) giving more flexibility to cater to a wide variety of various assets.
Despite having its drawbacks, Uniswap now acts as the essential infrastructure for DeFi, rewarding traders, developers, and liquidity providers (LPs) to enter into a secure and powerful financial marketplace.
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