Uniswap Labs has released an update for the crypto wallet. It added a number of new features and improved the overall security of the application.
Introducing Uniswap Wallet 🤝 Swap Protection 🚨
🛡️ Protection against frontrunning & sandwich attacks
👀 A better fee-on-transfer token experience
🦄 Safer swaps every day on Uniswap pic.twitter.com/sVPxPhmidK— Uniswap Labs 🦄 (@Uniswap) September 22, 2023
According to the team, the update includes protection of transactions on the Ethereum network from so-called sandwich attacks.
Now, when performing swaps in Uniswap Wallet, each transaction is sent to a private pool. Such measures significantly increase the security of the application, according to Uniswap Labs.
The developers clarified that token exchanges through Uniswap v2 pools are considered more secure and the likelihood of failure is much lower. Swap Protection is automatically enabled for all transactions, but can be disabled in the settings.
According to the team, the MEV Blocker tool is used to create additional security measures. The wallet also has the ability to copy and paste addresses.
Source: Cryptocurrency
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