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Uniswap v3 Core

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].

Uniswap v3 Core March 2021 Hayden Adams hayden@uniswap.org Noah Zinsmeister noah@uniswap.org Moody Salem moody@uniswap.org River Keefer river@uniswap.org

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