According to a June 13 blog post by Uniswap founder Hayden Adams, Uniswap Labs has released a code sketch for the V4 version of the platform.
The new code outline released includes hooks and plugins that allow developers to create custom liquidity pools. According to the shared post, V4’s hook feature will allow future developers to achieve many innovations such as in-chain limit orders, automatic deposits to lending protocols, automatic liquidity provider fees.
The New Version Will Provide Many Benefits to Users
Publishing the source code UniswapIt was the first step taken for the new version of .
The team now plans to interview members of the Uniswap community and iterate over this core code over time. Once there is sufficient consensus on the final version, V4 will become an official proposal and Uniswap’s governing body. UniswapDAOIt will be placed in front of Hayden AdamsThe purpose of Uniswap V4 is to provide a way for pool distributors to promote code that performs a specified action at key points throughout the pool’s lifecycle.
With the new release, distributors are time-weighted average market makers (which allow users to sell large amounts of crypto in small batches over time). TWAMM) can be created.
This is the investors EVM This can help prevent them from being front-run by bots and exposed to negative price movements. On-chain limit orders will also be possible, as pools can include logic that allows them to execute the order only when a token reaches a certain price. Some other examples of hooks include codes that can deposit wages back into an LP pool or lend inventory when a particular pool is not in use.
CointelegraphUniswap Labs Engineer speaking to Sara Reynoldssaid the new version will allow it to evolve faster than ever, thanks to the inherent customizability provided by automated market maker (AMM) exchanges such as Uniswap.
