Uniswap запускает Continuous Clearing Auctions для обеспечения справедливого запуска токенов Translation: Uniswap Launches Continuous Clearing Auctions to Ensure Fair Token Launches

The decentralized exchange Uniswap has unveiled its Continuous Clearing Auctions (CCA) solution aimed at ensuring fair pricing during the launch of new tokens.

According to the developers, this protocol promises a fair and transparent launch — a phase that is typically most susceptible to manipulation. The DEX team described the existing models as fragmented and added:

“Liquidity formation often occurs behind the scenes.”

The system distributes tokens in small batches with each new block, allowing the market to gradually determine a fair price while avoiding abrupt fluctuations.

Users can set a maximum rate they are willing to pay. If the final price at the auction is below this limit, the user will receive the tokens. This mechanism protects against overspending and encourages honest bidding.

Asset creators can define essential parameters such as the number of tokens, the starting price, and the auction duration. Additionally, options like staged token unlocks or participant verification are available.

When the auction concludes, all funds raised are automatically allocated to establish a liquidity pool for that token on Uniswap v4, enabling immediate trading on the secondary market.

This protocol was developed in collaboration with the Aztec project, which was the first to test it.

An option called ZK Passport is also available, allowing participants to maintain anonymity while confirming their legitimacy for trading. The Uniswap developers explained that this tool merges confidentiality with the necessary trust verification within the network.

The CCA contract is already operational, and exchange representatives noted that this is the first of several tools designed to assist projects in launching and maintaining liquidity on the new version of the platform.

Previously, Uniswap introduced a new economic model. In response, the price of UNI surged by 30%.

However, the latest news from the exchange did not impact the token’s performance, as its value plummeted by 11% in the last 24 hours along with the broader market. Currently, the asset is trading at $7.1.

The TVL of the decentralized platform stands at $4.5 billion. Just a month ago, this figure reached $6.9 billion, according to DefiLlama.

It is worth noting that in September, DeFi protocols earned $600 million, with Uniswap leading at $136 million.