KEY TAKEAWAYS
- Uniswap has launched the v4 Address Mining Challenge, inviting community participation to determine the deployment address for its new core contract.
- The challenge uses the CREATE2 function to generate deterministic addresses, with scoring based on leading zeros and the number 4.
- This initiative is part of Uniswap’s strategy to transform its protocol into a developer platform, enhancing customizability and cost savings.
Uniswap has announced the launch of the Uniswap v4 Address Mining Challenge, inviting the community to participate in determining the deployment address for its upcoming v4 core contract. The challenge, which began on November 10th, 2024, will run until December 1st, 2024. Participants are encouraged to mine and submit potential contract addresses, with the official deployment address being selected based on specific criteria.
The Uniswap v4 Address Mining Challenge aims to engage the community in a unique way by allowing them to influence the deployment address of the new version of the protocol. The address will be chosen based on the number of leading zeros and the prominence of the number 4 in its structure. This initiative is part of Uniswap’s effort to transform its protocol into a developer platform, offering new market structures and assets while optimizing for gas savings.
How to Participate in the Challenge
The challenge utilizes the CREATE2 function, which generates deterministic addresses. Participants need to combine the hash of the initcode for Uniswap v4, the deployer address, and a chosen salt to generate candidate addresses. Tools like create2crunch can be used to generate and submit these salts to the challenge smart contract on the Ethereum mainnet.
Addresses will be scored based on several criteria, including points for leading zeros, consecutive 4s, and other specific patterns. The challenge contract will verify submissions, and the highest-scoring address will be selected as the official deployment address. In the event of a tie, the earliest submission will be chosen.
Scoring and Submission Rules
To ensure fairness, only addresses with a first non-zero nibble of 4 are valid for scoring. Each submitted address must be unique, and resubmitting the same address will result in onchain errors. Participants can track their submissions and scores in real-time on the v4 Address Challenge Leaderboard.
The challenge is a significant step towards the launch of Uniswap v4, which promises to offer enhanced customizability and cost savings for liquidity providers and swappers. The official deployment address, once determined, will be immortalized onchain as part of the v4 launch.
For more details on the challenge rules and scoring criteria, interested participants can visit the official announcement here.
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