Uniswap Labs has announced the release of the code for Uniswap v4 on Twitter, soliciting community contributions and feedback before fully implementing the new version of the protocol. Along with the announcement, Uniswap released a more technical whitepaper and a contribution guide for developers willing to criticize or contribute to the project.

Uniswap v4 introduces major changes.

The full Uniswap v4 announcement on the Uniswap blog lists two major changes: hooks and custom pools, and improved architecture and gas savings. The blog post describes hooks as plugins that customize the interactions between swap fees, pools, and LP positions.

Also, the protocol claims that Uniswap v4 consolidates all pools into a singleton contract as opposed to creating new pools for each contract, as in Uniswap v3. This change can save on gas fees by as much as 99%, according to the blog post, a change that might be the highlight of Uniswap v4.

The blog post also unveiled Uniswap’s plan to bring back support for native ETH, a move expected to offer even more gas savings.

Uniswap Labs solicits community feedback.

In a move to demonstrate the company’s commitment to transparency, Uniswap Labs is officially inviting developers and community members to submit feedback about the recently announced v4 before it officially launches later this year. It also released a set of guidelines for interested individuals to submit their feedback and follow up with the project.

Uniswap v4 release “not imminent”: founder

While it seems like Uniswap v4 is coming very soon, Uniswap founder Hayden Adams clarified that the new version will not be released until the code is finalized and audited, a procedure that includes the requested community feedback. In short, users shouldn’t expect Uniswap v4 to launch for another couple of months.