- The Uniswap V4 engine will have the most thoroughly audited code, ever published on Ethereum.
- The first stage of the plan, code freeze, is still ongoing.
Uniswap, a decentralized crypto exchange, has dropped signals on twitter about the impending release of Uniswap V4, an automated market maker protocol that is non-custodial, non-upgradeable, and permissionless.
Uniswap V4 is expected to be released somewhere in the third quarter of this year, according to the twitter post. The protocol brought attention to the fact that enthusiasm in the Uniswap V4 Upgrade has been skyrocketing. Moreover, Uniswap said in a post that the protocol anticipates the Uniswap V4 engine to have the most thoroughly audited code that has ever been published on Ethereum.
Development Underway
The first stage of the plan, code freeze, is still ongoing. Uniswap states that this includes testing, gas optimizations, security upgrades, and core code completion. Prior to proceeding to the next level, this phase will see the completion of all additional ancillary details.
In the next stage, top auditing companies will conduct thorough audits. At the Uniswap community level, there will be an auditing contest. So that the team may make observations, Uniswap V4 will thereafter be released on testnets. The Uniswap V4 code will undergo final revisions at the end of the day, taking into account the input.
By the third quarter of 2024, the first two stages should have been finished. Considering this, the third and final phase of the offering’s deployment to the Ethereum mainnet will occur in the third quarter.
Developers will be able to develop bespoke Automated Market Maker (AMM) features on Uniswap once V4 is live, eliminating the need to establish a new AMM design. Not only will the protocol make this possible, but it will also make it easier for developers to use features like concentrated liquidity in V3 and deep liquidity in general.
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