Like Unicorns? Us too!  Here to @uniswap V3 on @ethereum and @arbitrum! 

 Uniswap V3 is the Automated Market Maker (AMM) at the origin of concentrated liquidity, where liquidity providers can specify custom price ranges in which their liquidity is active🧵

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

The largest onchain marketplace. Buy and sell crypto on Ethereum and 11+ other chains.

Official account of the Arbitrum Foundation.

https://arbitrum.io/

L2BEAT is an open source, public-good analytics and resrarch platform dedicated to L2 scaling solutions. ❤️

DeFiScan assesses and monitors the maturity and risks of DeFi protocols fostering Transparency and Security.
Built with ❤️ by @deficollective

🚨UPGRADABILITY

🟢Uniswap V3 has a low-risk score.

The Uniswap DAO can change parameters such as fees through the GorvernorBravoDelegator contract.

Note that a TransparentProxy with the DAO as admin is used for the NonFungibleTokenPositionDescriptor, used for token descriptions.

That said, this does not impact user funds or otherwise materially change the expected performance of the protocol.

Uniswap V3 is fully permissionless, allowing anyone to create liquidity pools with any token without the need for approval.

⛅AUTONOMY

🟢Uniswap V3 has a low-risk score.

Uniswap’s AMM sets the price independently, according to the constant product formula (x*y=k)

In other words, Uniswap V3 has no external dependencies.

🪟EXIT WINDOW

🟢Uniswap V3 has a low-risk score.

No "Medium" or "High" risk permissions are found in the protocol that requires protection with an Exit Window, that said...👇

The DAO can change parameters such as protocol fees.

The permissions controlled by the DAO are protected by a 1-week on-chain voting window and a 2-to-30-day Exit Window for approved updates.

🚪ACCESSIBILITY

🟢Uniswap V3 has a low-risk score.

Uniswap is accessible through multiple frontends. Uniswap offers main access through their main deployment.

In addition, the frontend app is also hosted on IPFS, and users can self-host it from GitHub.

🟢Results: 
@uniswap V3 on Ethereum mainnet is a Stage 2 DeFi protocol!

By scoring low-risk on all five dimensions, Uniswap is the third protocol to join the highest decentralization stage, alongside @liquityprotocol 
 and @pooltogether. 🏆

⚠️But this is different for Arbitrum 👇

⚠️ During our analysis, we identified three unverified contracts on Arbitrum: 
- NFTDescriptor (verified now)
- NonfungibleTokenPositionDescriptor (verified now)
- Multicall (still not verified)

As contracts remain unverified, verifiy if they match the code on mainnet to can confirm the risks remain low.

Both reviews have been made by @mmilien_ (on x), congratulations to him!
Full review available here:

Both reviews have been made by @mmilien_ (on x), congratulations to him!
Full review available here: https://www.defiscan.info/protocols/uniswap-v3

⛓️CHAIN

🟢Uniswap V3 on Ethereum mainnet has a low-risk score, it is currently the safest network for deploying DeFi protocols.

🟡Uniswap V3 on Arbitrum has a medium risk-score. It is a Layer 2 in Stage 1 according to @l2beat, whose assessments are authoritative here.