To celebrate the Uniswap update and migration to V3, the monthly rewards on the Uniswap Liquidity Providers Mining is around 3,000,000 $BEPRO.
Upgrading BEPRO Network’s Uniswap Liquidity to V3
Uniswap is a great decentralised exchange. Like all things in tech, it’s constantly under development and getting better with each iteration. This Uniswap V3 focused on providing Liquidity Providers with more flexibility and more options for their liquidity provision. In the previous version of Uniswap (V2), LPs were forced to provide liquidity across the entire price curve, regardless of volume. Clearly, providing liquidity at the extreme ends of the price curve (like what all other dexes do) is inefficient, considering that the price of a token rarely goes to zero or infinity. In Uniswap V3, LPs can now specify where on the price curve they want to provide liquidity. This is tremendously helpful to LPs because then they can choose to be LPs where they believe the most volume will occur.
BEPRO Network has upgraded to Uniswap V3 in order to allow our LPs more flexibility and control over where they provide their liquidity on the price curve. Different LPs can adopt different liquidity provision strategies to maximize their returns while minimizing risk across the price curve. In aggregate, we believe that this migration will yield greater depth and more efficient price discovery for BEPRO.
For more information on migrating liquidity from Uniswap V2 to V3, click here.
BEPRO Network is a codebase for DeFi, Gaming, Prediction Markets & More. We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications.