Julien Klepatch – Live Training #6 – Uniswap V3

When the primary decentralized exchanges launched in 2017, it was an actual revolution. Anybody might create a marketplace for any asset. Nevertheless, with so many markets, liquidity grew to become an enormous subject.

On centralized exchanges, liquidity is offered by skilled market markets. They supply purchase/promote costs at any time. However to be a market maker, you want plenty of capital, and plenty of technical experience. It is a small elite that’s solely excited about large markets.

However on decentralized exchanges, now we have plenty of small markets. The standard strategy of market makers is simply not going to work there.

Uniswap solved this downside by introducing the idea of automated market makers (AMM). With AMMs, anyone is usually a liquidity supplier. You simply ship your tokens to a liquidity pool, and also you get a share of the buying and selling charges. Merchants can purchase an promote by tapping into this liquidity, and the worth is calculated programmatically by the code of the sensible contract.

Uniswap was an instantaneous success and shortly grew to become the most important decentralized alternate on Ethereum.

Uniswap V2 introduced extra flexbility to the protocol, with the possibiliy of making liquidity swimming pools between any tokens, and never simply with ETH because the quote forex.

Uniswap appeared unstoppable…. till Sushiswap got here out. Sushiswap was a fork of Uniswap, with just a few adjustments, like liquidity mining. Sushiswap was solely the primary clone of Uniswap, and really shortly, Uniswap discovered himself in a tricky competitors with many different decentralized exchanges.

This pressured the staff of Uniswap to get again to the drafting board and learn the way they may win the liquidity conflict. Uniswap V3 got here out in Might 2021 with many new options. The primary enchancment is a greater capital effectivity because of a system of concentrated liquidity. In Uniswap V3, liquidity suppliers specify a value vary through which their liquidity can be utilized. Concretely, it signifies that with the identical quantity invested, they earn more money in buying and selling charges.

Get instantly obtain Julien Klepatch – Live Training #6 – Uniswap V3

With this new enchancment, Uniswap V3 is ready to win again its place of king of DeFi, and as a Blockchain developer, you completely must know the way it work.

That is why, we’re launching this dwell coaching to show you methods to work together with Uniswap V3.

LIVE EVENT

When is the coaching?

• July sixth, 11pm UTC+8
• If you happen to can’t entry the dwell occasion, you’ll nonetheless have the ability to entry the recording after

PART I: UNISWAP ARCHITECTURE

• How is Uniswap V3 totally different from V2?
• What’s Concentrated Liquidity and the way does it work?
• How including liquidity works in V3 ?
• How token swaps work in V3?

PART II: LIVE CODING DEMO

• The right way to use the Uniswap V3 SDK?
• The right way to do a token swap in Uniswap V3?
• The right way to add liquidity to in Uniswap V3?

PRE-REQUISITES

• Fundamentals of NodeJS
• Fundamentals of the command line
• Ethereum
• Solidity
• ERC20
• Truffle
• Required software program:
  • Code editor (ex: Visible Studio Code)
  • A terminal (for Home windows customers, you should use the bash emulation of gitforwindows)
  • NodeJS
  • Truffle
• Works on Home windows 8/10, current variations of Ubuntu & MacOS

Get instantly obtain Julien Klepatch – Live Training #6 – Uniswap V3

Your Teacher

Niloo Ravaei

https://www.linkedin.com/in/niloo-ravaei