V3 Decentralised Exchanges

Protocols like Uniswap V3 use NFTs as liquidity tokens, introducing concentrated liquidity to enhance efficiency. This requires adaptations for protocols such as Entangle to accept NFT liquidity tokens, ensuring a 1:1 exchange with Synth tokens. However, NFTs' fungible-nature complicates direct Synth token allocation.

To overcome this shortcoming, Entangle V3 spreads liquidity evenly across all prices, reducing reward variability and ensuring a more predictable Synth token distribution.