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Uniswap v3 to Launch Liquidity Mining? Founder Explains: Allowing Other Projects to Provide Liquidity Incentives

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Uniswap v3 to Launch Liquidity Mining? Founder Explains: Allowing Other Projects to Provide Liquidity Incentives

The largest decentralized exchange platform on Ethereum, Uniswap, issued a governance token UNI in response to the threat from SushiSwap in the past, and briefly ran a liquidity mining program. At the Consensus conference, Uniswap founder Hayden Adams stated that liquidity mining will soon be seen again on Uniswap.

Pre-reading: What is Liquidity Mining and UNI?

For beginners interested in this report, you can read the following articles:

【Explanation】What is Yield farming? Liquidity mining, yield farm

The king returns! Uniswap issues UNI tokens to start liquidity mining, how to claim 400 UNI airdrop?

Uniswap mining new proposal rejected, nearly 90% of the community voted against: Liquidity rewards are not a cure-all

Uniswap Founder: Liquidity Mining Coming Soon

Uniswap founder Hayden Adams stated at the Consensus summit that in the past few weeks, Uniswap's reward program has been awarded to "those building liquidity mining smart contracts."

Hayden Adams explained:

Building liquidity mining smart contracts refers to being able to be used by any project wishing to issue liquidity rewards, rather than a liquidity mining program with UNI, which should be decided by the Uniswap community governance.

Awarded developer Omar Bohsali had previously publicly shared his development plan: "It would be cool if Uniswap v3 could reward liquidity providers like v2 does." His development plan is called "uniswap-v3-staker."

As v3 liquidity providers need to customize price ranges, they will not share trading fee profits if the asset price is not within the set range. If this mechanism is combined with liquidity mining, it should further increase the amount of assets locked in v3.

As of May 28, Uniswap v3 has $1.55 billion in locked assets, while Uniswap v2 has $5.55 billion. V3 has also become one of the top three Gas Fee generators on Ethereum:

A segment of Coindesk's interview with Uniswap founder Hayden Adams at 1 hour 13 minutes explains liquidity mining:

https://twitter.com/i/broadcasts/1vOGwEolvWNxB