Hassan Maishera
On Friday, the Uniswap team announced via X that it has launched hook auto-routing on the Uniswap Web App, Wallet, and API. The Uniswap Labs products seek to leverage as much new functionality as possible while ensuring user safety. Hook functions are currently supported when providing liquidity and swapping.
Liquidity providers on the Uniswap Labs interface are able to add any hook to their pool creation or liquidity management operations by pasting the address of the hook into the new Position Management flow.
Uniswap Web App, Wallet, and API are able to support any pools including those that use beforeSwap, afterSwap and custom fee tiers. Developers of these hooks can run their own fillers to participate in Uniswap Labs interface routing.
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 $3.14, up 2.5% in the last 24 hours.
