Uniswap Labs Introduce NFT Smart Contract Upgrades

Uniswap Labs announced the release of two new smart contracts on Thursday, which promote added flexibility, gas efficiency, and security for the ERC20 token approval and swapping process.

The two contracts, Permit2 and Universal Router, were detailed in the platform's blog:

Permit2 allows token approvals to be shared and managed across different applications creating a more unified, cost-efficient, and safer UX.
Universal Router unifies ERC20 and NFT swapping into a single swap router. Integrated with Permit2, users can swap multiple tokens and NFTs in one swap while saving on gas fees.

Uniswap's releases are open-source, and can be used across Ethereum, Optimism, Arbitrum, Polygon, and Celo blockchains, according to the update.

Full details and a technical breakdown can be found here.

To learn more about Uniswap, see Lucky Trader's guide to using the decentralized exchange.

Author Bio

Ghost

Ghost is an NFT Analyst at Lucky Trader. He has been in crypto since 2017, and entered the NFT space via NBA Top Shot in January of 2021 before minting Bored Apes and degenning into the broader market.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.