Thursday, October 5, 2023

SushiSwap Releases Trident Beta


Trident DEX has launched on the Polygon network by SushiSwap, a decentralized exchange system.

Market-making functions will automate on the new decentralized exchange. They give consumers the option of creating liquidity pools. It would provide and move liquidity from SushiSwap V1 positions to the Polygon blockchain-based platform.

This freshly formed decentralized exchange will operate as a beta version of the Trident AMM in the future. As a result, it will implement as a new framework for constructing and distributing liquidity.

Trident, A New Standard

Trident will be a new standard that any other AMM may build on top of and integrate with. It can provide users with the ability to make swaps and add/remove liquidity. It’s more than just a hard-coded swap environment, though (AMM). SushiSwap revealed this in a blog post.

Polygon has announced the launch of the long-awaited AMM. Its goal is to provide a development and deployment framework for AMMs. This is in addition to simply managing liquidity pools.

In a similar manner as Uniswap, Trident allows users to build pools. In the decentralized finance area, it is SushiSwap’s main competitor. However, the Polygon beta launch does not include all of the features promised when it was first announced.

The current preview (Phase 1) is simply an initial build, according to SushiSwap. As audits and resources become available, the new pool kinds will issue.

The Framework’s Concept

This framework is based on the idea that hard-coded swap environments, such as those found in Uniswap, Curve, and Balancer, all require the same underlying methods. As a result, it unifies into a single user interface. As a result, the community development process can go more quickly.

Users who are currently supplying liquidity to a V1 pool on Polygon can now migrate their liquidity positions to Trident. They have a diverse portfolio. The new Trident platform expects to help standardize the creation of liquidity pools (LPs). This is possible because to IPool, a novel interface flow that the company has designed.

IPool encapsulates the core functionalities of Trident’s production system, allowing for more frictionless LP creation.

Trident’s release had delayed several times since it announced in July of last year. Internal disputes in SushiSwap’s development team were to blame. Trident is a new protocol and interface standard. It aims to compete with some of the most popular decentralized finance applications and protocols that have developed on Ethereum.

Additionally, they provide a replication of their functions, all of which combined into a single protocol.

Vincent Sanchez
Vincent Sanchez
Vincent Sanchez currently writes articles for Cryptoconstellation. He completed his Msc in finance and had a successful career as an accountant. Vincent enjoys travelling and working out.

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