UNI Price Rebounds As Uniswap Labs Launches Security Competition for v4

Uniswap Labs, the team behind the popular decentralized exchange built on Ethereum, has recently launched a $2.35 million security competition for its upcoming "v4" protocol.

UNI price went up as Uniswap Lab announced a major security challenge for protocol version 4.

UNI rose about 5% to $6.5 after Bitcoin tried to recapture the $60,000 level on Friday.

Uniswap Labs announced a $2.35 million security contest for its version 4 protocol.

The Uniswapc lab team announced in their blog post on Thursday that the contest will run from September 4th to September 30th.

In a blog post on Thursday, Uniswap Labs announced that the contest will run from September 4th to September 30th and is aimed at encouraging participants to review the version 4 code and submit any vulnerabilities they discover.# 🎜🎜#

The reward structure is determined based on the severity of the bug and the quality of the documentation provided by the participants.

This contest covers different parts of the protocol version 4, including core contracts, side contracts and global router.

Uniswap Labs, the team behind the popular decentralized exchange built on Ethereum, recently announced a $2.35 million security competition for its version 4 protocol.

Said to be the largest competition in DeFi (decentralized finance), this competition is hosted by Uniswap Foundation and Cantina to enhance the security of version 4 before its official release.

In a blog post on Thursday, when UNI was trading around $6.3, Uniswap Labs announced that Uniswap Labs is focused on ensuring that version 4 is a set of audited contracts that have been deployed in a chain so far.

Protocol version 4 introduces important innovations including the hook system. This new feature allows developers to create customizable smart contracts in liquidity pools that enable dynamic fees, on-chain limit orders, and other new functionality.

This expansion also consolidates all liquidity pools into a single contract, which is expected to reduce traditional fees and increase network efficiency.

The price of UNI increased as Bitcoin tried to regain the $60,000 level.

UNI rose about 5% to $6.5 after Bitcoin tried to recapture the $60,000 level on Friday.

This digital currency went from $4.7 to $6.49 in the last two weeks and has grown by 38% in fifteen days.

This bullish reversal in the daily chart shows the formation of a bullish reversal pattern, which is called a bearish wedge.

In the midst of recent developments, the price of digital currency UNI will challenge to reach the level of 6.7 dollars. A potential breakout could accelerate the upside and trigger a 15% rally to the downtrend line at $8.

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