[Uniswap CCA First Auction Ends, Total Bids Reach $59 Million, Funds to Be Used for Initial Liquidity in v4 Pools] BlockBeats news, December 8, Uniswap founder Hayden Adams announced yesterday, 'Uniswap's first CCA auction has ended, with a total of $59 million in bids. No sniping, no bundling, no time-based games. It was simply a slow, transparent, and fair price discovery process. The final clearing price was 59% higher than the reserve price—and bidders actually had several days to place earlier bids and secure a better average price. Even if you bid on the first day at a $10 billion FDV, you wouldn't be "overpaying"; instead, you'd get a balanced DCA clearing price between the reserve price and the final clearing price. Now, the majority of the funds and token reserves from this auction will be used to provide initial liquidity for Uniswap v4 pools, becoming the primary source of secondary market liquidity.' BlockBeats previously reported that on November 13, Uniswap launched the Continuous Clearing Auction (CCA) protocol to initiate liquidity and token issuance for Uniswap v4.