New Protocol Tackles Token Distribution Transparency Issues

**Uniswap is offering up to $15.5M** for critical bug discoveries in their newly deployed UNIfication contracts on Ethereum mainnet. The **UNIfication contracts** have been deployed ahead of an upcoming onchain vote, marking a significant milestone for the protocol. Key details: - Bug bounty reward: **Up to $15.5M** for critical vulnerabilities - Contracts are live on **Ethereum mainnet** - Deployment precedes an **onchain governance vote** This substantial bounty reflects Uniswap's commitment to security as they prepare for this major protocol upgrade. The timing suggests the community vote on UNIfication is approaching soon. *Security researchers and developers should review the contracts for potential vulnerabilities.*

**Monad's mainnet is now live**, marking a significant milestone for the high-performance blockchain. Users can now: - Bridge assets directly through Uniswap Apps - Swap tokens seamlessly on the new network - Access Monad's infrastructure without leaving familiar interfaces This integration builds on Uniswap's recent cross-chain bridging features, allowing users to **move assets across chains in seconds** while maintaining their workflow. The launch represents another step toward a more connected multi-chain ecosystem, where users can access different networks through unified interfaces.

Uniswap's web application is preparing for Ethereum's Pectra upgrade, scheduled for Q4 2024. The update will enable compatibility with 7,702 smart wallets from day one of launch. Key points: - Pectra upgrade focuses on improving core smart contract functionalities - Enhanced user experience features for wallet interactions - Significant expansion of wallet support across the Uniswap ecosystem This integration represents a major step forward in making DeFi more accessible and user-friendly on Ethereum.

Uniswap v4 continues to demonstrate significant growth in trading volume, reaching nearly $13B within just 90 days of launch. Key metrics: - From $500M in February to $13B in May - Represents ~26x growth in 3 months - Averaging about $144M daily volume This growth follows broader protocol success, with Base reaching $150B in all-time volume and total Uniswap Protocol processing $2.94T in swap volume. The rapid adoption suggests strong market validation for v4's new features and improved efficiency.

Uniswap's interface has integrated two new hooks to enhance trading functionality: - **SauceTax9 Hook**: Implements new tax mechanisms for trades - **BtcAcc Hook**: Adds Bitcoin-related accounting features This follows March's successful integration of Verified Pools and Graduation hooks. The interface team continues to evaluate and add new hooks as they demonstrate reliability and user value. *Note: Hooks are custom code modules that extend Uniswap's core functionality.*