Uniswap v3 (Polygon)

What Is Uniswap (V3) Polygon?

Uniswap stands as a decentralized exchange (DEX) that revolutionized the cryptocurrency landscape with the introduction of the automated market maker (AMM) model. This pioneering approach allows traders to access a constant pool of liquidity, facilitating exchanges against an algorithm based on the constant product formula.

An exciting development with the V3 version of Uniswap is its expansion beyond the Ethereum blockchain to other blockchains, marking a significant milestone.

Uniswap's journey began with the launch of V1, which introduced the AMM model. V2, in turn, introduced the capability to trade between different ERC-20 token pairs, reducing slippage and introducing protocol fees to support ongoing development. Notably, V2 also brought the concept of wrapped Ether into the equation, replacing native Ether as liquidity for token pairs.

The V3 version of Uniswap empowers liquidity providers to construct distinct price curves and concentrate their capital at preferred price levels, thereby enhancing capital efficiency. This version also features automatic capital removal in the event of significant price fluctuations that exceed the LP's designated price range. A noteworthy development is the introduction of Uniswap on the Polygon blockchain, offering users a more cost-effective trading experience due to lower gas fees.

Who Is the Founder of Uniswap (V3) Polygon?

Uniswap was founded by Hayden Adams, a Stony Brook University graduate with a background as a mechanical engineer at Siemens. Uniswap Labs, the driving force behind the exchange's development, secured a seed round from Paradigm and successfully raised $11 million in a Series A funding round led by Andreessen Horowitz.

When Did Uniswap (V3) Polygon Launch? The journey of Uniswap commenced with the V1 version in November 2018, followed by enhancements with the V2 version in August 2020. The V3 version made its debut in May 2021, but it was only in November 2021 that Uniswap ventured onto the Polygon blockchain.

Where Is Uniswap (V3) Polygon Located?

Uniswap Labs has its headquarters based in New York City.

Uniswap (V3) Polygon Restricted Countries Uniswap has implemented official restrictions on the use of its services in several countries, including Belarus, Cuba, North Korea, Syria, Côte d'Ivoire, Liberia, Sudan, Zimbabwe, Iraq, and Iran.

Uniswap (V3) Polygon Supported Coins List Uniswap operates as a permissionless decentralized exchange, allowing tokens to be freely listed by liquidity providers. Prominent tokens in terms of liquidity include stablecoins and wrapped tokens such as USDC, Wrapped BTC, wETH, and DAI.

How Much Are Uniswap (V3) Polygon Fees?

The V3 version adopts a flexible fee structure, with stablecoin trading pairs incurring a 0.05% fee, standard non-correlated pools like ETH and stablecoins having a 0.3% fee, and other pairs bearing a 1% fee. Importantly, there is no longer a protocol fee, although its activation remains subject to governance decisions.

Is It Possible to Use Leverage or Margin Trade on Uniswap (V3) Polygon?

Uniswap V3 does not offer the option of leverage or margin trading on its platform.