mev-toolkit/MEV_and_trading/protocols/uniswap/uniswap-v3

uniswap v3

tl; dr

• uniswap v3 introduced:

  • concentrated liquidity and non-fungible 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.
  • range orders: lps can deposit a single token in a custom price range, above or below the current price.
  • improvements to the TWAP oracle: possible to calculate any recent TWAP within ~9 days in a single on-call chain.

• new strategies:

  • creating and closing LP positions can be a form of trading. range orders can be used as either buy-limit or take-profit orders.

---

in this dir

• just in time liquidity mev

---

resources

• uniswap v3 whitepaper
• liquidity mining on uniswap v3 by paradigm
• uniswap v3 book, by jeiwan
• jit liquidity by chainsight
• conceptualizing uniswap v3 lp profit and loss
• on why lp-ing on uniswap is a losing game
• usage of markout to calculate LP profitability in uniswap v3, by crocswap
• ETH USDC Retroactive Data Analysis, by flipside