- The draft has been posted on Github
- The new design will reduce pooling costs by 99%
- The protocol will co-exist alongside V3
Uniswap Labs has released the middleware for V4, a completely new version of the protocol.. In a statement writes that the fourth version will be much more effective. The first studies have shown that it will reduce the cost of creating pools by 99%. Plus, developers will be able to create minimalist pools on their own, which are cheaper to use.
But the main difference compared to past versions is that the protocol creates a wider playing field for developers, where they can create their own pools with their own rules. And such an update could lead to many more experiments.
Uniswap Labs CEO, Hayden Adams, said:
“With advances in technology and market needs, the Uniswap protocol continues its evolution. So we are excited to present our vision for Uniswap v4, which we believe will unlock new horizons of possibilities in blockchain liquidity creation and token trading.”
Sarah Reynolds, a smart contracts engineer at Uniswap Labs, announced that developers will have a choice between protocols because the new version of V4 will co-exist with V3, which remains embedded within the Ethereum blockchain without change.
According to the new project, all pools will be under one contract. So the protocol will only need to transfer the net balance back to the user. This saves on blockchain fees and opens up more opportunities.