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Welcome to the home of DeFi: sushi
Concentrated liquidity, everywhere. Capital Efficiency, Everywhere.
Today we launched Sushi (sushi.com/pools) concentrated liquidity pools (v3) on 13 networks, with more coming soon. This launch marks the largest deployment of v3 pools ever.
Sushi is at the forefront of concentrated liquidity adoption across the DeFi ecosystem. Our unique position as the first and only DEX with the broadest coverage of v3 pools, coupled with our robust cross-chain infrastructure, allows users and Liquidity Providers (LPs) alike to seamlessly manage funds across all networks, facilitating trading and the delivery of Liquidity easier than ever. As a result, the launch of v3 will allow users and LPs to benefit from more trading volume and liquidity, and reduce the risk of potential temporary losses. With the introduction of our new user interface, we have also improved the user experience. The new interface makes it easier for users to navigate the platform, access information about their positions and manage their trades more effectively.
Capital efficiency: less slippage, more profit
The concentrated liquidity pool design helps traders and Liquidity Providers (LPs) streamline their trading experience. Concentrated liquidity pools are capital efficient as they allow Liquidity Providers (LPs) to concentrate their funds in a smaller price range around the current market price, reducing the spread between buy and sell orders and reducing slippage for traders. With less slippage, traders can execute their trades with more precision, resulting in more trading volume and liquidity, creating a positive feedback loop and increasing the profitability of the LP pool.
By concentrating liquidity in a smaller price range, the potential for temporary losses is reduced, allowing LPs to provide liquidity with fewer tokens, resulting in greater capital efficiency than traditional liquidity pools, where LPs need to commit more capital to cover a broader price range.
Maximum simplicity and intuitive interface
Accompanying our focused liquidity release, we are proud to introduce a new, improved user interface for maximum simplicity and a hassle-free user experience. We implemented the following:
Light and dark mode
You can now trade more conveniently by choosing the mode that suits your preferences.
Step-by-step UX guide
Guide users for each step in adding liquidity.
Choice of price range
Graphical representation of the price range that a user wants to provide liquidity.
Innovative routing
The v3 version includes a brand new routing processing contract for our in-house intelligent order routing system, Tines. Together, Tines and the new route processor (RouteProcessor3) unify liquidity across Sushi by allowing pools of all types to interact with each other, effectively creating one large pool of liquidity to trade. Tines will construct the most cost-effective way to swap based on current conditions and then execute the swap that has the least impact on price. This design ensures users get the cheapest swaps with maximum capital efficiency.
What’s next?
With this launch, we have taken our first step in increasing the adoption of concentrated liquidity across the DeFi space. Over the next few weeks we will be launching our comprehensive, almost 30-person liquidity network support in two phases.
⛓️ Stage 1: Multichain
Rolling out v3 to 13 networks and more is imminent, ultimately covering all 30 chains live on Sushi. Additionally, we plan to roll up our full DEX for zero-knowledge rollups soon. The full list of networks where Sushi v3 is currently live is:
- Decision
- decision-new
- avalanche
- BSC
- phantom
- fuse
- moon river
- polygon
- optimism
- ether
- gnosis
- moonbeam
- Polygon zkEVM
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💸 Stage 2: Rewards
In the next phase, we will introduce a unique reward program for the most efficient LPs. With this program, LPs are eligible to be rewarded with additional $SUSHI. The rewards program will launch on the following networks: Ethereum, Arbitrum, Optimism, and Polygon and will roll out as more chains are added. More information and details will be published #soon in a separate article.
Over the past few months we’ve also been working with exciting partners who have built on our v3 pools, and we’re excited to introduce additional features that will simplify and automate your v3 LP experience.
We are proud to be at the forefront with the launch of our multi- and cross-chain concentrated liquidity, which represents a significant advance in the evolution of the DeFi ecosystem. With our robust cross-chain infrastructure, V3 coverage and improved user interface, we are confident that our users and LPs will benefit from better trading experience and greater capital efficiency.
Try it now: Sushi.com/pools
Sushi is building a decentralized, comprehensive DeFi ecosystem with AMM, cross-chain capabilities, NFT artist platform and more. Follow our social networks to keep up to date with our product launches and learn more about how to get the most out of your cryptocurrency holdings with Sushi’s safe and powerful DeFi tools!
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