SushiSwap, the decentralized exchange (DEX), has been focusing on expanding their liquidity pool service across 13 chains lately. The new version 3 (v3) concentrated liquidity pools cater to traders and liquidity providers, offering them more flexibility and control on their financial exposure. Moreover, SushiSwap's team has plans to introduce the v3 liquidity pools to more than 30 chains over the coming months. To facilitate the process for traders, the DEX has developed a smart-order system called Tines, that claims to provide the smallest swaps at optimum capital efficiency.

The launch of the v3 liquidity ponds can be seen as the next step for SushiSwap in tapping wider exchanges and liquidity pools existing across multiple networks. It can also be viewed as part of the team's mission to create a novel route processor which facilitates users in transitioning from asset A on chain A to asset B on chain B. To concentrate risks, slippage and provide better rewards, SushiSwap Business Development Lead Alex Shefrin sheds light on the unique benefits of the v3 liquidity pools.

“Ultimately, [traders] are able to better control what their slippage tolerance is, [and] what their overall kind of view on certain assets are,” Shefrin said. He further intimated the need to understand different pools, locking structures and incentives, differences in gas prices and block times across different blockchains and interactions between different pools.

SushiSwap is a prominent decentralized asset swapping protocol for automated market makers on the Ethereum blockchain. It was founded by Uniswap developer with pseudonyms 'Chef Nomi' and '0xMaki'. Through its 'Bring Your Own Blockchain' approach, Sushi Swap is hoping to create a web of trustless tokens transitions across different chains. The launch of the v3 liquidity pools can come as a major boost to their ecosystem and the millions of users worldwide.



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