SushiSwap, a decentralized exchange (DEX), launches new liquidity pools across 13 networks to facilitate trading and liquidity provision.
Concentrated liquidity, everywhere.
Capital Efficiency, Everywhere.
🔥 We’ve 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
— Sushi.com (@SushiSwap) May 4, 2023
The version 3 concentrated liquidity pools will be available on popular chains such as Ethereum, Arbitrum, Polygon, BSC and Avalanche. The goal is to provide liquidity providers with greater trading volumes and liquidity while reducing exposure to financial risks.
Alex Shefrin, head of business development at SushiSwap, said the pools would give traders more flexibility. “Ultimately, [traders] are able to better control their slip tolerance, [and] what their general opinion is on certain assets.” The v3 liquidity pools will also increase reward efficiency.
Over the next few months, the v3 liquidity pools will be available across 30+ chains, supporting cross-chain activity as part of DEX’s vision for the future. The goal of the DEX team is to allow users to move from Asset A on Chain A to Asset B on Chain B through a Bring Your Blockchain relationship.
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