Sushi launches the long-awaited Trident DEX on Polygon
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Sushi has launched its first chapter on Polygon, its Trident automated market maker. Users can now create liquidity pools through Trident and transfer liquidity from SushiSwap V1 positions. Additional features will be added to Trident in future audits.
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Decentralized exchange Sushi has released a beta version of its new Trident automated market maker on Polygon. Sushi presents Trident as a new framework for building and deploying AMMs.
Sushi Trident beta starts
Sushi has started rolling out Trident for its new automated market maker.
In a blog post on Wednesday, the Sushi team announced the release of the long-awaited beta version of AMM on Polygon.
As of SushiSwap V1, Trident is marketed as a production framework for building and deploying AMMs. Instead of just managing liquidity pools, Trident allows users to create pools similar to rival decentralized exchange Uniswap. Additionally, users who previously submitted a V1 Pool Liquidation on Polygon can now transfer their positions to Trident.
“While AMMs can be created using Trident code, there is no specific AMM at the heart of Trident. “Instead, there's a framework that allows anyone to create an AMM,” the article reads, explaining how Trident's ultimate goal is to integrate different types of automated market makers into a unified interface.
Trident aims to standardize the way liquid pools are created using the new IPol interface, which the Trident product framework calls “Crux.” “Just as the ERC-20 token standard is needed to make token types more efficient, the IPool standard is needed to make pool types more efficient,” the post explained.
Trident was first announced in July 2021, but its release has been subject to several delays due to internal conflicts within the Sushi development team. The new protocol aims to replicate the many popular DeFi applications launched on Ethereum and combine them into a single protocol.
First, Trident expands its pool options to allow users to create their own liquidity pools and create liquidity pools similar to the experience of using Uniswap v3. It also replicates the weighted pools pioneered by Balancer to allow users to contribute liquidity in varying proportions rather than forcing them to submit a 50:50 split of two assets. Finally, Trident implements hybrid pools to improve exchange between assets such as stablecoins. Trident also aims to reduce gas costs by introducing a new turbocharged engine.
Trident's beta launch on Polygon has yet to feature the improvements promised when the project was announced last year. Sushi says that the current preview represents the first phase of the deployment, and that new pool types will be released “for auditing and availability of available resources.” In addition to the planned new pools, Sushi said users will be allowed to create and deploy their own pool types on Trident as long as they pass an audit and internal review.
As with all protocols in the Sushi ecosystem, a portion of trade fees generated through Trident will be sent to xSushi token holders.
Disclosure: At the time of writing this piece, the author owns ETH, SUSHI and many other cryptocurrencies.
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