Uniswap has released the Uniswap v4 code draft and is inviting feedback from the community.

BlockBeats news, on June 13th, Uniswap announced the release of Uniswap v4 code draft, so that v4 can be publicly built. The vision of Uniswap v4 is to allow anyone to make these trade-offs by introducing "hooks". Hooks are contracts that run at various points in the pool operation lifecycle, and pools can make the same trade-offs as v3, or add new features. For example, v4 will allow the pool itself to support dynamic fees, add on-chain limit orders, or act as a time-weighted average market maker (TWAMM) to disperse large orders over time. In addition, the v4 pool will exist in a single contract, which will reduce the cost of creating mining pools by 99%. The Uniswap v4 code will be released under the Business Source License 1.1, which will limit the use of v4 source code in commercial or production environments for 4 years, after which it will permanently convert to the GPL license. The protocol fee mechanism will also mimic v3. The governance layer will be able to vote on adding protocol fees to any fund pool, but not exceeding the upper limit amount.