Defi (DEFI)
$0.009505 (0.00 %) View coin
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.

Fireblocks, an institutional digital asset security platform, announced an integration with Compound one of the largest lenders in decentralized finance. This integration will allow Fireblocks customers which consist of hedge funds, market makers, exchanges and others to tap into Compound’s money ma...
Compound burst onto the scene last summer and has gradually become one of the largest credit platforms in DeFi. Unlike MakerDAO which denominates debt by minting newly created Dai, Compound is a money-market protocol that takes deposits of existing assets from prospective lenders and enables borrowe...

3 coins to keep an eye on 👀