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 # Uniswap v4
 
-Uniswap v4 uses all of the capital efficiency gains of Uniswap v3, but provides gas optimizations across the entire lifecycle
-and flexibility via *hooks*.
+Uniswap v4 inherits all of the capital efficiency gains of Uniswap v3, but provides flexibility via *hooks* and gas optimizations across the entire lifecycle.
 
-For additional information, see the [Uniswap v4 whitepaper](https://github.com/Uniswap/v4-core/blob/main/docs/whitepaper/whitepaper-v4.pdf).
+For additional information, see the [Uniswap v4 whitepaper](https://github.com/Uniswap/v4-core/blob/main/docs/whitepaper/whitepaper-v4.pdf)
 
 ---
 
 
 ## Hooks
 
+Developers can attach solidity logic to the _swap lifecycle_ through Hooks. The logic is executed before and/or after major operations such as
+pool creation, liquidity addition and removal, swapping, and donations. Hooks are deployed contracts, and are called by the Uniswap v4 PoolManager,
+for permissionless execution.
+
+The flexibility of hooks can enable: 
+* Limit orders
+* Custom oracles
+* Fee management
+* Automated liquidity management
+
 ## Dynamic Fees
 
+Uniswap v4 supports dynamic fees, allowing pools to adjust their fees up or down. While other AMMs may have hard-coded logic for dynamic fees,
+v4 provides no opinionated calculation of the fee. The frequency of *liquidity fee* updates is also flexible and deteremined by the developer. Fee updates can
+occur on every swap, every block, or on an arbitrary schedule (weekly, monthly, yearly, etc).
+
+Dynamic fees open up the design space for fee optimization, value redistribution, and research.
+
+
 ## Singleton Design
 
+Architecturally, all pool state and operations are managed by a single contract -- `PoolManager.sol`. The singleton design provides major gas
+savings. For example, creating a pool is now a state update instead of the deployment of a new contract. Swapping through multiple pools no longer requires
+transferring tokens for intermediate pools.
+
 ## Flash Accounting
 
+By leveraging EIP-1153 Transient Storage, v4 provides an optimization referred to as *flash accounting*. Swapping, liquidity modification, and donations
+incur *balance changes*, i.e. tokens to be sent in and tokens to be taken out. With *flash accounting* these balance changes are efficiently recorded in transient storage and
+netted against each other. This system allows users to only pay the final balance change, without the need for resolving intermediate balance changes.
+
 ## Native ETH
 
+Uniswap v4 supports native token assets (Ether), without the need to wrap/unwrap the native token to Wrapped Ether (WETH9).
+
 ## Custom Accounting
+
+The flexibility of custom accounting allows developers to alter token amounts for swaps and liquidity modifications. The feature opens up the design
+space for hooks to charge fees or forgo the underlying concentrated liquidity model.
+
+Example use-cases:
+* Custom curves, opt-out of the concentrated liquidity curve in favor of an entirely independent pricing mechanism
+* Hook swap fees, charge and collect fees on swaps
+* Liquidity withdrawal fees, penalize and/or redistribute fee revenue