Uniswap V3: What can users expect on May 5? Uniswap has tak | Top DeFi

Uniswap V3: What can users expect on May 5?

Uniswap has taken another step toward launching the latest version of its platform called v3 across all Ethereum test networks, with the launch of the core network set for May 5. Specifically, the v3 core and peripheral smart contracts have been deployed on Ethereum test networks Ropsten, Rinkeby, Kovan and Goerli.

Uniswap will now use the concept of "capital efficiency," which will potentially complicate the passive income aspect of providing liquidity for many casual DeFi investors. Offering his perspective on the update, Brandon Isles, co-founder of the Ampleforth cryptocurrency protocol, said:

"I think the v3 design is a natural progression from what they are. It will be interesting to see how (or if) other platforms respond. I expect this is where Uniswap and other AMMs will start to diverge in interests. That means more diversity in the crypto space, and that's a good thing."