Uniswap Labs Ventures has been announced by Uniswap Labs, the company behind the popular DeFi exchange. As a result, it plans to “bring millions of individuals into the developing Web3 economy” and invest in more cryptocurrency businesses.
The company claimed it is “proud of the basic goods and infrastructure” it has produced so far in a recent blog post. However, it launched Uniswap Labs Ventures with the goal of interacting more with the growing Web3 ecosystem.
According to the organisation, it has prior experience in the industry, having invested in 11 companies and many native protocols across the Web3 ecosystem. Tenderly, LayerZero, and MakerDAO are some examples. Uniswap Labs stated that its crypto-native development team could assist consumers with all aspects of their projects, from strategy formulation through engineering and design.
Uniswap Labs introduced an upgraded Auto Router near the end of 2021 to maximise token exchanges while saving gas. The advanced functionality, in particular, improves trade prices by routing transactions over the Uniswap v2 and v3 protocols. Customers may now track the exact cost of a swap directly from the app interface in real time.
By cutting gas prices, the improvement sought to create a more energy-efficient trading experience. Before submitting a swap, the Uniswap app provided a USD estimate of the gas fee. With this assistance, the application calculates costs based on the projected gas cost and transaction size.
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