UNISWAP V3 LAUNCH DATE AND FEATURES

We finally have a launch date for Uniswap Version 3, the main net launch is scheduled for the 5th of May, 2021. Even though it won't launch till a lot a month, it is still good for the crypto space as it will give people enough time to accumulate the Unitoken and small capital hidden gems on the Uniswap platform as well.

The Version 3 launcher days announcement was made on a thread on their Twitter page. The thread included the launch date and other important features of the Uniswap Version 3.
Although, nothing was mentioned in the thread about the reduced gas fees or other problems with the Uniswap platform.

The main feature highlighted is that Uniswap Version 3's groundbreaking new feature is Concentrated Liquidity positions. Instead of being required to allocate capital across the entire spectrum from zero to infinity, each LP is given full control over whatever price they wish to provide liquidity.

By Concentrated Liquidity, they mean that LPs can earn the same amount for fees with only a fraction of the underlying capital while keeping more of their total portfolio in desired assets.
You can provide liquidity to different pairings on Uniswap and earn fees from this. Different projects do liquidity mining e.g Sparkpoint SRK, the project pays you along with the Uniswap fees for providing liquidity. You are also helping the project by providing liquidity.

Liquidity mining is good but you also have to be cautious of the impermanent loss accompanied by it.

The major thing in Version 3 that most people are looking forward to is the layer 2 solutions. Most people do not even provide liquidity on Uniswap, they only use it to make trades and buy small altcoins. Without the layer 2 solutions, the gas fees will still be high but they did say that it is meant to follow soon after the launch so hopefully, it will come in May as well.

We did also hear that Ethereum is launching rollups layer 2 solution by the end of March.

Version 3 also introduces multiple fee tiers which allow LPs to be suitably compensated for taking on varying risks. These tiers help in ensuring that LPs tailor their margins according to expected pair volatility. The fees will be off by default and can be turned on governance on a per-pool basis.