Hassan Maishera
On Monday, the Uniswap team announced via X that CCA and Uniswap Auctions are now live on Robinhood Chain, enabling teams to run fully onchain token auctions, discover a credible market price, and bootstrap liquidity on Uniswap v4.
Auctions are powered by Continuous Clearing Auctions (CCA), Uniswap’s liquidity bootstrapping and token distribution protocol. Already, teams like Aztec, Cap, and more have used Uniswap Auctions to run permissionless, onchain, transparent token distributions.
Until now, launching with CCA required manually deploying smart contracts. The new launch flow gives teams an interface for configuring and launching an auction with an existing token or by creating a new one, with configurable auction and pool details.
Once launched, auctions are immediately accessible via Uniswap Web App's Auctions tab.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
UNI, the native token of Uniswap, is currently trading at $3.58, down 0.2% in the last 24 hours.
