Uniswap v3, or How I Learned To Stop Worrying And Love Concentrated Liquidity

This talk will cover the design of Uniswap v3, a decentralized exchange with a hybrid architecture that incorporates elements from both automated market makers (AMMs) and central limit order books (CLOBs). It will describe some of the math that allowed the design to be implemented efficiently and securely. It will also focus on newly introduced footguns and apparent exploits, including “just-in-time” liquidity provision, manipulability of the price oracle, and subtleties in liquidity mining.