Transcription of Uniswap v3 Core
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Uniswap v3 CoreMarch 2021 Hayden v3is a noncustodial automated market maker imple-mented for the Ethereum Virtual Machine. In comparison to earlierversions of the protocol, Uniswap v3provides increased capitalefficiency and fine-tuned control to liquidity providers, improvesthe accuracy and convenience of the price oracle , and has a moreflexible fee INTRODUCTIONA utomated market makers (AMMs) are agents that pool liquidityand make it available to traders according to an algorithm [5]. Con-stant function market makers (CFMMs), a broad class of AMMs ofwhichUniswapis a member, have seen widespread use in the con-text of decentralized finance, where they are typically implementedas smart contracts that trade tokens on a permissionless blockchain[2].
•Improved Price Oracle: Uniswap v3 provides a way for users to query recent price accumulator values, thus avoiding the need to checkpoint the accumulator value at the exact be-ginning and end of the period for which a TWAP is being measured. (Section 5.1). 1
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