YIELD App Launches Uniswap V3

YIELD App launches Uniswap V3 to transform the fundamental infrastructure that underpins automated market makers #AMMs.

Launched in November 2018, Uniswap V1 was a pioneering decentralized exchange (DEX) that has since set the standard for AMMs. Uniswap and popular forks (aka clones) such as SushiSwap and Pancakeswap have now come to rival their centralized, non-automated competitors both in terms of user numbers and average daily trading volume.

The launch of V2 in May 2020 cemented Uniswap as the leading DEX and catalyzed the enormous growth of DeFi over the summer. V2 introduced the now-popularized user-led liquidity model that allows platform users to deposit ERC-20 tokens into liquidity pools in return for trading fees and LP tokens with further utility. In turn, these pools provide the liquidity for trading, making the whole platform go round without market makers or order books.

Within the crypto sphere, the incredible capital efficiency that V3 will bring should work to significantly reduce slippage on trades, which will pave the way for execution times that could compete with some of the big centralized exchanges. Combined with the ability to set range limit orders, this might prompt some movement between crypto’s two biggest segments.

All these factors and more could see V3 become quite the disruptive force, one that could not only change how things are done in DeFi, but potentially change the shape and direction of the entire cryptocurrency industry.

What is YIELD App?

YIELD App offers the easiest way to invest in DeFi using crypto or traditional currencies, regardless of your financial or technological level of expertise.

📰 INFO:

https://yieldapp.medium.com/why-uniswap-v3-is-set-to-transform-defi-and-then-crypto-cccf0efba96b