Decentralized exchange (DEX) SushiSwap began rolling out new liquidity pools on 13 networks on Thursday, a move that could make trading and providing liquidity easier across networks.
Version (v)3 Concentrated Liquidity Pools will be available on popular chains including Ethereum, Arbitrum and Polygon, BSC and Avalanche. The aim of the launch is to provide liquidity providers with greater trading volumes and liquidity while reducing the risk of financial risk. The pools are intended to offer traders more flexibility, Alex Shefrin, head of business development at SushiSwap, told CoinDesk.
“Ultimately, [traders] are able to better control their slip tolerance, [and] what their general opinion is on certain assets,” Shefrin said.
The v3 liquidity pools will also help the protocol become “more efficient” in terms of rewards, he said.
According to the DEX team, v3 liquidity pools will be available on more than 30 chains in the next few months. Increasing support for cross-chain activity is a key part of the team’s vision for the future of the DEX.
“We're building this engine block that basically allows you to go from 'asset a' on 'chain a' to 'asset b' on 'chain b,'” Shefrin said. “We want users to have a kind of “bring your own blockchain” relationship.”
The protocol also introduces Tines, a smart order system that aims to offer users the “cheapest swaps” with “maximum capital efficiency,” along with the protocol’s new route processor, the SushiSwap team told CoinDesk.
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