Hassan Maishera
On Tuesday, the Uniswap team announced via X that Continuous Clearing Auctions (CCA) are now live on Arbitrum. CCA is a customizable protocol for bootstrapping liquidity and launching tokens on Uniswap v4.
With this deployment, Arbitrum builders can now:
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Run onchain token auctions
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Discover a credible market price
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Automatically seed liquidity on v4
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 $4.783, up 2.1% in the last 24 hours.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speeds and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is up 0.8% today and is trading at $0.1702.
