Defi (DEFI)
$0.278427 (190.51 %) View coin
News
23 March 2020

Uniswap announces details for v2, eyeing a second quarter launch

Uniswap, one of the largest decentralized exchanges, has released further details surrounding its anticipated v2 launch. It is currently on schedule to launch in Q2 and it is available on Ropsten, Rinkeby, Kovan, and Görli testnets. New features include ERC20/ERC20 trading pairs, price oracles, sustainability fees, and other technical improvements. Even when the new version rolls out, V1 will continue to exist for traders and liquidity providers hesitant to switch over.

Why it matters - ERC20/ERC20 pairs will remove the requirement for liquidity providers to have inherent exposure to ETH. Rather than requiring ETH as a trading pair, there can be pools such as DAI/USDC allowing direct trading which should also facilitate a more efficient market.

  • There is a pressing need for a decentralized, manipulation resistant oracle to input price feeds into DeFi protocols. Hundreds of millions of dollars of collateral are held in smart contracts that rely on accurate prices to facilitate orderly liquidations. V2 includes a time-weighted price that makes it more expensive for an attacker to manipulate which increases its usefulness as an oracle.

  • V2 introduces a protocol charge mechanism that will begin at 0% but once its turned on can direct fees elsewhere. This opens up the possibility of a more sustainable funding model where stakeholders can allocate capital to continue to grow the ecosystem.

Balancer, an automated market maker similar to Uniswap, began distributing its governance token BAL today after launching its liquidity mining program on June 1. Each week 145,000 BAL will be distributed to liquidity providers who deposit assets onto the platform. Since LPs became eligible to earn B...
Decentralized lending protocol Compound took the crypto world by storm this week when it began distributing its native COMP token to users of the protocol. Upon listing, COMP was trading at $16 and has since surged up to $230 leading to an absolute mad rush to borrow and lend assets in order to earn...
Bancor, a decentralized exchange protocol, suffered a security vulnerability after recently deploying the new BancorNetwork v0.6. The bug would have allowed anyone to use infinite approves to steal nearly $500K of user funds at risk, however, the team was able to save the funds via a white-hack atta...

3 coins to keep an eye on 👀