Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday.

Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

USDS will serve as the initial quoting asset for DualPool, with support for USDT and PYUSD liquidity expected under Spark's coordination framework. The integration is intended to deepen stablecoin liquidity on Uniswap v4 and reduce slippage for traders.

Uniswap expands product suite with token launch infrastructure

Uniswap Labs has also launched a no-code token auction tool within the Uniswap Web App, allowing projects to create and distribute tokens through onchain auctions without deploying custom smart contracts, according to a statement on Wednesday.

The feature introduces a self-service interface that enables teams to either import an existing token or create a new one and launch token sales directly from the platform.

Auctions will be available in a dedicated section of the Uniswap Web App, the Auctions tab, where participants can submit bids and track activity in real time.

The launch expands Uniswap's product suite beyond decentralized trading and positions the protocol to compete more directly in the token launch market, where platforms such as Pump.fun have dominated in recent years.

CCA model powers onchain price discovery

Uniswap’s latest platform is powered by Continuous Clearing Auctions (CCA), a mechanism designed to facilitate transparent and permissionless token distributions through onchain price discovery.

Unlike fixed-price sales or allocation-based launches, CCA continuously clears bids onchain, allowing token prices to adjust according to market demand throughout the auction process. According to Uniswap Labs, the design reduces opportunities for sniping and manipulation while ensuring all successful participants receive tokens at the same final clearing price.

Following an auction's completion, proceeds are automatically used to seed liquidity in Uniswap v4 pools, eliminating the need for projects to manually establish secondary-market liquidity.

The feature is currently available across Ethereum, Base, Arbitrum and Unichain. Projects can also configure advanced settings, including custom liquidity ranges, treasury allocations, participant verification requirements and other launch parameters.

Uniswap Labs highlighted previous deployments of the CCA framework, including Aztec's November token sale, which raised approximately $59 million from more than 17,000 participants.

The CCA contracts have also been reviewed by seven independent auditing firms, including OpenZeppelin and Spearbit, according to the statement.

UNI is trading at $2.85, up 1% over the past 24 hours at the time of writing.