DCTD/WETH New Official Pool is Now Open on Uniswap V3
DCTDAO is always looking for ways to further expand the adoption of DCTD to the masses, and what better way than by adding a new swapping pair on a new and improved DEX!
Please welcome DCTD/WETH official pool new swapping pair on Ethereum Uniswap V3!
💱 Swap your WETH for DCTD with better ethereum gas fees and faster speed here :
💹Track, share and give feedbacks on DCTD price at :
💧 Users are also encouraged to provide liquidity to the new pair and earn swapping fees for every swap with more flexible options in accordance with the new and improved Liquidity Provision methods of Uniswap V3. Learn how to provide liquidity on DCTD/WETH from the link below :
There is liquidity still available on DCTD/WETH pair on Uniswap V2, but we encourage DCTDAO Community and enthusiasts to swap or add liquidity on Uniswap V3 starting March 2022 as there has been further improvements on Uniswap V3 that will improve the user experience.
That said, here are the top 3 reasons why we created Uniswap V3 Pool :
- More Efficient Price Tracking and Cheaper Gas Fees
UniSwap V3 offers significant upgrades to the time-weighted average price (TWAP) oracles. Oracles in V2 worked by storing cumulative sums of UniSwap pairs. This allowed these price sums to be checked only once at the beginning and once at the end of a period.
UniSwap V3 removes the need to track previous values of the accumulator externally. This is achieved by storing an array of cumulative sums instead of just one, making it possible to calculate TWAP within the past on a single chain call.
As an array of historical price-makers, it is far easier and cheaper to create more advanced oracles with greater capabilities. This has reduced gas costs for UniSwap traders by roughly 50% compared to UniSwap V2.
2. Optimism Upgrade
Uniswap V3 is compatible with Optimistic Ethereum as seen here : https://uniswap.org/blog/uniswap-optimism-alpha
Theoretically this can save transaction costs for the user to up to 10x the normal cost.
3. LP Token is Given in Form of NFT
In Uniswap V3, Liquidity Provider will be given NFTs for their LP (Liquidity Provision) Token. It’s easier to track, store, review and in some occasion, has an added value on itself.
Those are the 3 reasons among many other, why DCTDAO is adding new pool on Uniswap V3. To learn more about this new version of Uniswap, check out their blog at : https://uniswap.org/blog/uniswap-v3
Need help? Talk to us at our channels at :
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📖 Medium: https://medium.com/@dctdao
📲 Telegram : https://t.me/dctdao
📲 Telegram Price Discussion : https://t.me/DCTDAO_Price_DCTD
📲 Telegram Announcements: https://t.me/dctdaoAnnouncement
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