The decentralized exchange (DEX) Uniswap has released a draft of the version 4 code with the intention of building in public.
The pillars of the Web3 ecosystem are transparency and decentralization. While many Web2 companies are closed source, Web3 promotes open source and building in public.
Uniswap Invites Community to Build V4
The “hooks” feature is the center of attention among the community. According to Bankless, hooks would enable the “creation of highly customizable pools,” facilitating dynamic fees, on-chain limit orders, and time-weighted average market orders.
Moreover, Uniswap expects to reduce the cost of pool creation by 99% by consolidating them into a single, smart contract.
Good Time to Move From CEX to DEX?
“Good Time To Move From CEXs to DEXs”
“Will token holders get anything, or is the coin still as worthless as a piece of paper??”
After hitting an all-time high at around $45 in April 2021, the UNI token has been down by over 90%. As of writing, it is trading at $4.29
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