diff --git a/uniswap/uniswap-v3/README.md b/uniswap/uniswap-v3/README.md index b000197..e9132d9 100644 --- a/uniswap/uniswap-v3/README.md +++ b/uniswap/uniswap-v3/README.md @@ -4,10 +4,12 @@ ### tl; dr -* Uniswap v3 introduce the concept of "concentrated liquidity", replacing fungible ERC20 liquidity positions with non-fungible ERC-721 liquidity positions. Individual LPs get granular control over what price ranges their capital is allocated to. Individual positions are aggregated together into a single pool, forming one combined curve for users to trade against. -* it also introduced multiple fee tiers , allowing LPs to be appropriately compensated for taking on varying degrees of risk. -* better gas refunds due to it's flashloan style architecture. -* the profitability of a liquidity provider (LP) has been called into question: estimations that about half of LPs would have been off holding assets directly rather than providing liquidity +Uniswap v3 introduced: + +* **concentrated liquidity**: replacing fungible ERC20 liquidity positions with non-fungible ERC-721 liquidity positions. + * individual LPs get granular control over what price ranges their capital is allocated to. + * individual positions are aggregated together into a single pool, forming one combined curve for users to trade against. +* **multiple fee tiers**: allowing LPs to be appropriately compensated for taking on varying degrees of risk.