What is Uniswap? And Uniswap v3 Features.

What is Uniswap? And Uniswap v3 Features.

Uniswap is an Ethereum-based decentralized exchange (DEX) that allows all to exchange ERC20 tokens. The word UNI is the symbol of governance behind Uniswap. Uniswap was launched in November 2018. It was created by Hayden Adams. The positive or negative aspects play an important role in the creation of anything. Hayden Adams suggested developing this kind of platform after being impressed by a post from Vitalik Buterin (Ethereum co-founder).
Uniswap V2 and V3:
Although Uniswap was launched back in November 2018, May 2020 saw a major change in the release of Uniswap V2, allowing the ERC20 to be converted directly to the ERC20 wherever possible. Ether wrapped in ETH was cut. Uniswap V2 also includes unstable ERC20 tokens such as OmiseGo (OMG) and Tether (USDT) and support for technical improvements that make it very easy to use.
Uniswap v3 Features.
Due to its high investment performance, LP plays a mediating role since v3 has undergone several fundamental changes, I would like to express my personal views on the effects of v3۔

1. Higher Investment efficiency makes one of the most frequently considered indices in Defi effective: TVL, total value locked, becomes less meaningful, as 1$ on Uniswap v3 might have the same effect as 1000$ or even 2000$ on v2.
2. This means a place where transaction fees are very low enough, such as Optimism, we might see Algo trading firms coming in to share the market of designing LP strategies on Uniswap v3, as Algo trading is way stronger than on-chain strategies.
3. Whenever a trader uses a pool. They pay a 0.3% fee at the pool. This fee is proportionally distributed among liquidity providers as a reward.
4. In Uniswap, the platform doesn’t store your funds and doesn’t ask you for your secret keys.
5. IF any Ethereum-based token that has a funded liquidity pool can be traded on Uniswap. Here you can easily change hundreds of assets.

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