Home Technology Uniswap (UNI) V3 Liquidity Mining Contracts Deployed to Ethereum Mainnet and Testnets

Uniswap (UNI) V3 Liquidity Mining Contracts Deployed to Ethereum Mainnet and Testnets

uniswap liquidity mining

Uniswap Labs expressed:  We’re very excited to share that the Uniswap v3 liquidity mining contracts have been deployed to Ethereum mainnet and all testnets.

The v3 liquidity mining is similar to v2: LPs can stake their liquidity and receive rewards pro rata according to their liquidity contribution. LPs earn rewards as long as their liquidity remains in range.

Big shout out to Omarish and UniswapGrants for kicking off and aiding in the development of these contracts. It is wonderful to see the Uniswap community take initiative and produce foundational infrastructure.

For clarity, Omarish is an engineer and investor. He’s currently an engineering manager in the New Assets group at Coinbase. Prior, he built the automated investing platform at LendingHome, and before that, was the CTO of Priceonomics.

Omar is an active angel investor and startup advisor: early investor in Clearbit, dv01, HVMN, and many others. He was a Rodman Scholar at the University of Virginia, where he studied Systems & Information Engineering.

UniswapGrants:  UGP – 4 Waves – 52 Grantees – $1.75M Awarded.  While the liquidity mining contracts have passed through security reviews, we caution the community to take things slowly. This is a new primitive that will require battle testing before it can safely support large scale programs.

We will release guides, docs, and additional infrastructure around liquidity mining in the near future, and that community builders will do so as well.  Join the Uniswap community discord for help and feedback, or to get involved.

 

Hayden Adams expressed: Concentrated liquidity by definition takes on additional IL in order to capture more fees, so of course it will do worse than v2 if you ignore fees.   Also *by definition* Uniswap returns without fees is somewhere between HODLing the better performing token and HODLing the worse performing token, so that part of the charts is not very useful either.

 

Community response:  Maybe I’ll see the benefit soon, but as a v2 liquidity provider, to launch v3 without a simple way to migrate to v3 with a v2 settings has been tricky. I’d like to migrate all of my funds form v2, to v3, but it’s just not that easy to know the settings.

 

First of all, let me make it clear that I am a supporter of v3 liquidity managers. And performance calculations include v3 LP fees (and IL). I believe that v2_performance_without_fee is meaningful. Of course, ideally, I should show v2 performance, including LP fee.

 

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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