Decentralized exchange (DEX) SushiSwap began rolling out new liquidity pools across 13 networks on Thursday, a move that could make it easier to trade and provide liquidity across networks.
Version (v)3 concentrated liquidity pools will be available on popular chains including Ethereum, Arbitrum and Polygon, BSC and Avalanche. The launch aims to expose liquidity providers to larger trading volumes and liquidity while reducing exposure to financial risks. The pools are designed to offer traders more flexibility, Alex Shefrin, SushiSwap’s head of business development, told CoinDesk.
“Ultimately, [traders] better control their slip tolerance, [and] what their overall view of certain assets is,” Shefrin said.
The v3 liquidity pools will also help the protocol become “more efficient” in terms of rewards, he said.
The v3 liquidity pools will be available in more than 30 chains over the next few months, according to the DEX team. Increasing support for cross-chain activities is an important part of the team’s vision for the future of 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. “It’s a kind of ‘bring your own blockchain’ relationship that we want to offer users.”
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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