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Uniswap v3 to Launch on May 5 With up to 4000x Capital Efficiency

Following months of teasers and announcements about announcements, Uniswap has finally unveiled the specifications for its v3 upgrade. It added that the mainnet launch has been planned for May 5.
The world’s leading DEX stated that it will be the most flexible and capital-efficient automated market maker ever designed. However, highly anticipated scaling solutions to reduce transaction fees will not be included in the May launch and will come sometime later.
“We are targeting an L1 Ethereum mainnet launch on May 5, with an L2 deployment on Optimism set to follow shortly after.”

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🦄 Today we are thrilled to present a detailed overview of Uniswap v3, the most flexible and capital efficient AMM ever designed!
🏃 Mainnet launch is scheduled for May 5, with a scalable Optimism L2 deployment set to follow soon afterhttps://t.co/NTekDxWVA8
— Uniswap Labs 🦄 (@Uniswap) March 23, 2021
Uniswap Concentrated Liquidity
Uniswap touted the most significant improvement as concentrated liquidity which essentially aggregates the positions of individual liquidity providers into one pool that is used for the price curve.
Liquidity providers can supply liquidity with up to 4000x capital efficiency relative to Uniswap v2, earning higher returns on their capital, the blog post added.
“In Uniswap v3, LP’s can concentrate their capital within custom price ranges, providing greater amounts of liquidity at desired prices.”
The enhancement paves the way for low slippage trade execution while allowing yield farmers to increase their exposure to preferred assets and reduce their downside risk. It also explained that the custom price curves will mean …
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