Uniswap Aims to Launch V4 Version by End of 2023

Uniswap Foundation has recently shared the latest details in its roadmap to launch the V4 version of its decentralized exchange (DEX).

Launching Uniswap V4

Erin Koen, a representative of Uniswap Foundation, emphasized that the project aims to deploy V4 within this year. With the anticipated successful upgrade of Ethereum's Cancun in September, this roadmap is entirely feasible. The final technical audits are expected to take approximately four months after Cancun is implemented. Koen mentioned that these audits cannot proceed until Cancun is officially operational.

Uniswap V4 and Hooks Enhancements

According to the draft code released on 13/06, Uniswap will transition towards a modular approach, breaking down into smaller components. "Hooks" will be smart contracts that optimize liquidity for Uniswap with flexible fee mechanisms, on-chain limit orders, and more efficient oracle integration.

V4 will introduce the "Flash accounting" system, a significant change from V3. Notably, "Flash accounting" will heavily rely on the EIP-1153 proposal. However, EIP-1153 must undergo discussions among Ethereum developers and require the Cancun upgrade to be officially integrated into the network.

Read more: What is EIP-1153? Why This Proposal is Sparking Intense Debate?

Due to this, Koen stated that Uniswap could be considered in a "code freeze" phase, integrating EIP-1153 into V4's source code. With Cancun expected to be completed by September (conditional on the approval of EIP-1153) and an additional 1-4 months for product audits, Erin Koen believes Uniswap has a strong chance of launching V4 by the end of 2023.

Stay tuned for more updates on Uniswap's progress and other significant developments in the DeFi space!