GM, this is your Daily Bolt briefing.
Uniswap v4 is the talk of the town and today we’ll be sharing some insights and new use cases from the Uniswap team. From flash accounting to hooks, there’s a lot to unpack with Uniswap’s latest announcement.
Stay tuned as we delve into how Radiant Capital continues to enhance its protocol via plans to distribute ARB rewards and expand to new chains.
Over and Out.⬇️
1/ Uniswap - Introduction to Uniswap v4 and New Features
Preview: In this video from Uniswap Labs, the Uniswap team introduces the Uniswap v4, new features and improvements in Uniswap V4, and future expectations. Click here to listen to the full episode (55 mins).
Read our Note (6 mins) and save 49 mins.
Here are some key takeaways:
Hayden says that he didn't anticipate the success and growth of the protocol, which led to the development of Uniswap v2 and v3.
He says that the development of each version of Uniswap was influenced by the success and innovation of the previous version.
Hayden shares that the vision for Uniswap v4 is to make Uniswap a more powerful developer platform and to increase its expressiveness.
Noah says that the Singleton Factory allows for the creation of multiple pools from a single contract. This is a significant improvement in terms of efficiency as it reduces gas costs, which are transaction fees in the Ethereum network.
Hayden talks about the integration of Flashbots into Uniswap v4. He says that flashbots is a technology that helps prevent front-running and MEV issues.
Hayden introduces the concept of hooks, which are customizable functions that can be added to a pool to modify its behavior.
Emily says that hooks are very flexible and have several use cases including dynamic fee adjustments which means that the transaction fees in a pool can be adjusted based on certain conditions or parameters.
Hayden says that Uniswap v4 will support on-chain limit orders. This is a significant improvement over previous versions of Uniswap, which did not have this feature.
Hayden mentions that Uniswap v4 will have customized on-chain oracles. This means that developers can create their own oracles to provide price data for the platform. This is a significant upgrade from Uniswap v3, which used a fixed oracle. Uniswap v4 will be more flexible and adaptable, allowing for more accurate and reliable price data.
Hayden says that flash accounting is a new feature in Uniswap v4 that allows for more efficient and flexible transactions. With flash accounting, transactions can be executed and settled within a single Ethereum block, which can reduce costs and increase speed.
2/ Radiant Capital - RFP-18, $dLP, and New Developments from Radiant
Preview: In this Radiant Capital’s Twitter Space, Isaac and Hung Vu from Radiant Capital discuss Radiant’s sustainable and robust business model, RFP-18 proposal, $dLP token, Radiant’s expansion to new chains, and more. Click here to listen to the full episode (50 mins).
Read our Note (4 mins) and save 46 mins.
Here are some key takeaways:
Isaac emphasizes the importance of having a sustainable business model for Radiant. A sustainable business model is one that generates more revenue than it incurs in costs over the long term. He says that this is crucial for the protocol's longevity and continued operation.
Isaac talks about a significant milestone that occurred in February. The fees paid by borrowers (revenue for the protocol) exceeded the emissions (costs for the protocol) for the first time.
Isaac says that there are new improvements made to Radiant protocol with regard to gas fee optimization. It will optimize the gas fees by up to 60%. He says that this improvement will be released once the Open Zeppelin audit is done.
Isaac says that RFP-18 is a proposal that was voted in favor by the community in mid-May.
He adds that the proposal outlines how the ARB tokens received by Radiant are to be shared among the community.
Isaac says that according to RFP-18, 40% of the $ARB tokens would be distributed to new DLP lockers, 30% would be shared as protocol fees, and the remaining 30% would be reserved for future proposals or usage of these tokens.
Isaac says that $dLP tokens activate $RDNT emissions on deposits & borrows, allow to share platform fees and obtain voting and governance power via the Radiant DAO.
Isaac says that there is an increase in the total amount of $dLP tokens, both locked and unlocked, by over 5 million from the beginning of May to the end of May. This increase suggests growing participation in the protocol.
Isaac says that the council is assessing feedback from the community about what chain Radiant should expand to next. The Ethereum Mainnet seems to have the majority in favor, but it is not yet decided.