I. BackgroundIn the DeFi V1 era, decentralized finance mainly revolved around basic lending and token swaps. As adoption grew, limitations such as low capital efficiency and limited features became apparent. The emergence of DeFi V2 marked a new phase of innovation, bringing more efficiency, flexibility, and user adoption.II. Core Features of DeFi V21. Automated Market Makers (AMMs)The most iconic protocol of V2 is Uniswap V2.It introduced the constant product formula (x * y = k) for on-chain...

I. BackgroundIn the DeFi V1 era, decentralized finance mainly revolved around basic lending and token swaps. As adoption grew, limitations such as low capital efficiency and limited features became apparent. The emergence of DeFi V2 marked a new phase of innovation, bringing more efficiency, flexibility, and user adoption.II. Core Features of DeFi V21. Automated Market Makers (AMMs)The most iconic protocol of V2 is Uniswap V2.It introduced the constant product formula (x * y = k) for on-chain...