DEX SushiSwap Releases V3 Liquidity Pools on Multiple Networks
- This is the largest-scale implementation of such pools to date as per SushiSwap.
- There are now 13 networks where SushiSwap V3 is live.
To improve the sector’s overall capital efficiency, decentralized exchange SushiSwap has released concentrated V3 liquidity pools, on more than a dozen networks. According to a statement released by the exchange on Thursday, this is the largest-scale implementation of such pools to date.
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Concentrated Liquidity, everywhere.
— Sushi.com (@SushiSwap) May 4, 2023
Capital Efficiency, anywhere.
We have launched Sushi’s concentrated liquidity pools on 13 networks with more coming #soon. This launch marks the largest deployment of v3 pools, ever.
: https://t.co/NXW8QjFAkB
: https://t.co/nJoKLALNZ7 pic.twitter.com/E8RdeyQff7
To maximize capital efficiency, these pools will allow liquidity providers (LPs) to invest in a more concentrated market. As a consequence, the spread between buy and sell orders narrows. Which should improve trader accuracy, boost trading volume, and enhance liquidity, leading to bigger returns for LPs.
There are now 13 networks where SushiSwap V3 is live. These networks include Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, and Polygon. Using a “two-phase” strategy, SushiSwap plans to provide support for 30 more focused liquidity networks in the coming weeks.
More Developments Underway
In addition to today’s debut, the statement promises that in the near future, SushiSwap will begin rolling out its exchange to zero-knowledge rollups.
With the goal of improving throughput and decreasing transaction costs, zero-knowledge rollups are a layer-2 scaling option for blockchain networks. They function by “rolling up” many off-chain transactions into one proof, which is then validated on the blockchain.
In phase 2, Sushi plans to implement a rewards program for the most productive LPs so that they may acquire SUSHI, the native token of the exchange. The program will debut on Ethereum, Arbitrum, Optimism, and Polygon; when other chains are integrated, the scope of the project will broaden.
Late last month, after the expiry of the business source license protection for Uniswap, SushiSwap incorporated Uniswap’s newest automated market maker module in an effort to modernize its tokenomics and increase user trust.
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Read more: https://thenewscrypto.com/dex-sushiswap-releases-v3-liquidity-pools-on-multiple-networks/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
