Uniswap V4 launch contingent on completion of Ethereum Cancun upgrade and audit

Uniswap had earlier invited community feedback to discuss potential areas of concern and opportunities for V4 improvements.

Uniswap Labs has shared some details about its highly anticipated v4 release, which is currently under active development. In a new post, the team behind DeFi giant Uniswap said they are considering three milestones for their upcoming release.

If there are no security issues or delays with the Cancún hard fork and audit process, V4 could launch later this year.

Uniswap V4 Update

Erin Koen, head of governance at the Uniswap Foundation, said the first step in the timeline includes the release of the protocol code, which will happen on June 13. It involved opening protocol repo for public viewing and contribution, a move meant to underscore Uniswap’s dedication to decentralization.

One of the main factors upon which the V4 rollout relies is the completion of the review process, which in turn depends on the successful integration of EIP-1153 into Ethereum Cancun. The upcoming upgrade is expected to take place by the end of September.

Following the Cancun meeting, developers will focus on an extensive review process of the v4 codebase prior to deployment. Although a timeline has been provided, the process is expected to take between one and four months. Cohen admitted,

“The above timeline is purely predictive and it should be noted that the Cancún hard fork may be delayed, the audit process may be extended, and the protocol may undergo additional security tests.”

**What’s new in V4? **

The V4 upgrade is expected to expand the DEX’s token swap functionality by introducing “pegs” and custom liquidity pools. Hooks can be described as “plugins that customize how pools, swaps, fees, and LP positions interact,” said Uniswap Labs CEO Hayden Adams.

The new features aim to enable features such as on-chain cap orders and dynamic fees that are accessible on more traditional trading platforms but not easily introduced to blockchain setups that do not include centralized infrastructure. Among other features, pool creation costs on Uniswap v4 will also be cut by 99%, since all pools reside in a single contract.