Uniswap announces the launch of v2 across all major chains. This entails the likes of Polygon, Arbtirum, Base, Optimism, Avalanche, and Binance Smart Chain. The community can now enhance liquidity, create pools, and facilitate swaps on their preferred chains using their favorite tokens through the Uniswap interface.
The introduction of v2 across major chains has elevated it to the same level of prominence as v3, which is replete with innovations. The simplicity of v2 may keep it on edge, particularly for consumers who lack technological expertise or prefer to avoid complications around basic activities.
Both are confirmed to exist, giving greater flexibility to users. For starters, v2 and v3 will provide the community with almost a similar experience, except for simplicity. v3 would serve more active LPs—liquidity providers—in contrast to v2. The latter will cover a broader range of the pool by default, so LPs do not have to monitor and manage the platform actively.
Savings on swaps include fewer gas fees and almost no MEV. Uniswap expressed that the savings on gas are to the extent that the actual amount comes to less than a dollar. The difference is huge when compared to how much users end up paying for a swap on Ethereum, $35 on average.
Advertisement
Sequencers play a critical role in bringing down MEV on layer 2. The benefit extends to swapping longtail assets, which are more open to losses due to MEV. In the end, Uniswap brings down the cost by leveraging the capabilities of v2.
Users only have to visit the official website of Uniswap and navigate to the section with the option to select networks and tokens. Uniswap Interface does the groundwork of bringing the most cost-effective swap for the users.
Gas efficiency by v2 goes on to cover the deployment of new pools. v2 brings the aspect by default, unlike v3, where it is listed as an option for parameterizing pool deployments to optimize capital efficiency.
A total of three functions are listed in the Pools tab: Import Pools, Create Pools, and Add Liquidity. Users can find the same on the official Uniswap website and at its interface.
Security for swapping by Uniswap addresses the recent drainage of approximately $55 million due to v2 fork exploits. Other reasons were rugs and bugs across Arbitrum, Base, and Binance Smart Chain. Swapping on the Uniswap interface is secured by the official v2 contracts, which are tasked with creating and maintaining a secure environment for users.
Advertisement
Uniswap Interface now hosts v2 on major chains. Its comparison with v3 signals its simplicity regarding pool creation, liquidity provision, and swap function. Uniswap remains committed to preventing funds from getting drained due to exploits and bugs. The community has responded positively to the development, with most of them calling it a piece of great news.
