[tinkerrr]

Some highlights that stood out:

- Range positioning for your capital. In the sweet spot, there is higher fee returns but higher impermanent loss (IL).

- Range orders are possible. If the price goes out of range, it is effectively a limit order (but you need to remove liquidity before price comes back within range)

- LP tokens will be NFTs instead of ERC20s. This will likely affect the way liquidity mining is done currently, or they'll move to Sushi/remain on Uni v2.

- Moving to optimism L2 in the future. This would lower gas for all DApps on Ethereum.

- More fee options for LPs

- Hint of protocol fees for UNI holders

- Business source license perhaps to disincentivize copies like Sushi

Overall, this seems like a fairly substantial change. It will probably take time for the ecosystem around this to mature. Excited for the long-term implications of this update.

[xiphias2]

> It will probably take time for the ecosystem around this to mature

If the liquidity improvements are really significant in practice, I guess the whole transition will happen very fast

[qqii]

There's still going to be benifits to v2 until at least auto reinvement is developed.

[capableweb]

Overall, good summary. Small nitpick:

- "This would lower gas for all DApps on Ethereum" not really, the same amount of gas will still be used by other applications. However, the average gas _price_ will probably go down, as current Uniswap usage raises the gas price as people try to get their transactions executed faster.