Hassan Maishera
On Friday, the Uniswap team announced in a blog post that it has launched Continuous Clearing Auctions (CCA), a permissionless protocol that helps teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.
Built in collaboration with Aztec, the first project to launch with CCA, the protocol also includes an optional ZK Passport module that enables private, verifiable participation.
Uniswap explained that the entire auction runs onchain, with pricing, bidding, and settlement happening transparently. No gatekeepers or offchain deals. Supply is distributed over time through a continuous clearing process. This incentivizes bidding early, reduces sniping, limits volatility, and helps the market converge toward a fair value. Finally, when the auction ends, proceeds automatically create a Uniswap v4 pool at the discovered price, deepening liquidity.
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. UNI, the native token of Uniswap, is currently trading at $7.53, down 2.3% in the last 24 hours.
