- 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.