The central theses
- Sushi has launched the first phase of its automated market maker Trident on Polygon.
- Users can now create liquidity pools via Trident and migrate liquidity from SushiSwap V1 positions.
- More features will be added to Trident in future pending audits.
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Decentralized exchange Sushi has released a beta version of its new automated market maker Trident on Polygon. Sushi promotes Trident as a new framework for building and deploying AMMs.
Sushi launches Trident Beta
Sushi has started rolling out its new automated market maker Trident.
In a Wednesday blog post, the Sushi Team announced that a beta version of its long-awaited AMM has been released on Polygon.
Unlike SushiSwap V1, Trident is marketed as a production framework for building and deploying AMMs. Rather than just managing pools of liquidity, Trident allows users to create their own pools, similar to competing decentralized exchange Uniswap. Additionally, users already providing liquidity to a V1 pool on Polygon can now migrate their positions to Trident.
“While AMMs can be created using the Trident code, there is no specific AMM at the center of Trident. Instead, there is a framework for building every AMM anyone would ever need,” the post reads, explaining how Trident’s end goal is to consolidate different types of automated market makers into a single unified interface.
Trident also aims to standardize the way liquidity pools are created using its new IPool interface, which it describes as the “core” of the Trident production framework. “Similar to how the ERC-20 token standard was needed to make token types efficient, the IPool standard is needed to make pool types more efficient,” the post states.
Trident was first announced in July 2021, but its release has been delayed multiple times due to internal conflicts within the Sushi development team. The new protocol aims to replicate several of the most popular DeFi applications launched on Ethereum and combine them into a single protocol.
First, Trident will expand its pooling options to allow users to create their own liquidity pools and provide concentrated liquidity, similar to using Uniswap V3. It will also replicate the weighted pools introduced by Balancer, allowing users to contribute liquidity in differently weighted amounts rather than forcing them to provide a 50:50 split of two assets. Eventually, Trident will implement hybrid pools to enhance exchanges between peer assets such as stablecoins. Trident also aims to reduce the gas cost of using the exchange by introducing a new routing engine for swaps.
Trident’s beta launch on Polygon doesn’t yet deliver all the improvements promised when the project was announced last year. Sushi states that the current preview represents the first phase of deployment and that new pool types will be released “in the order that audits and available resources make them available.” In addition to the planned new pools, Sushi has also 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 other protocols in the Sushi ecosystem, a portion of the trading fees generated by Trident are sent to xSushi token holders.
Disclosure: At the time of writing this article, the author owned ETH, SUSHI, and several other cryptocurrencies.
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