- The protocol will launch after Ethereum’s Cancun update and security audit
- The Ethereum’s Cancun update is scheduled for late September
- And v4 is scheduled to launch later this year
The Uniswap Foundation has released details regarding the planned rollout of Uniswap version 4. The launch date will depend on the successful implementation of Ethereum’s Cancun update, scheduled for late September.
Erin Cohen, Uniswap’s head of fund management, added that the Uniswap protocol is scheduled to launch later this year. In addition to the Cancun update, the accuracy of this timeline depends on completing the due diligence process, which can take up to four months after the update.
On June 13, Uniswap Labs unveiled interim code for V4, a brand new version of the protocol.. At the time, the statement wrote that thanks to the new version of the protocol, the cost of creating pools could be reduced by 99%, and developers would be able to create simpler pools themselves, which are more economical to use.
In addition, v4 would introduce a “flash accounting” system that would result in lower fees for liquidity providers.. Uniswap team expects flash metering to result in significant gas savings. This mechanism relies on “transient storage,” which would be activated by a proposed change to EIP-1153 in the Ethereum protocol.
Cohen said the next step in the v4 development process is to “freeze the protocol code.”. This step involves incorporating EIP-1153 into the v4 code. Thus, the launch will depend on the successful integration of the EIP-1153 in the Cancun update.