Uniswap v3 Launch event

Event · PageRank 0.0008

Overview

Uniswap v3 launched on Ethereum mainnet on May 5, 2021, introducing concentrated liquidity — the ability for liquidity providers to allocate capital to specific price ranges instead of across the entire curve from zero to infinity. Uniswap said this could deliver up to roughly 4,000x the capital efficiency of v2 for LPs willing to concentrate tightly, at the cost of more active position management and greater exposure to price moving outside the chosen range. Positions became non-fungible as a result, represented individually rather than as pooled LP tokens, and multiple fee tiers were introduced. A deployment on the Optimism layer-2 followed shortly after mainnet.

Within the DeFi Intel graph, Uniswap v3 Launch connects to 1 tracked entity, most strongly to Uniswap.

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Frequently asked questions

When did Uniswap v3 launch?

May 5, 2021, on Ethereum mainnet, with an Optimism layer-2 deployment following shortly after.

What is concentrated liquidity?

It lets liquidity providers choose the specific price range in which their capital is active, rather than spreading it across all possible prices, giving far more capital efficiency within that band.

How much more efficient is v3 than v2?

Uniswap stated concentrated liquidity could offer up to about 4,000x the capital efficiency of v2 for tightly concentrated positions.