• SushiSwap has recently disclosed that it has built new crypto trading products for its decentralized exchange platform.
  • Coined as “The Next Generation AMM,” users of the exchange will be able to build their own liquidity pools.
  • The DeFi platform aims to allow users to choose a pool that suits their risk appetite.

Ethereum-based decentralized exchange SushiSwap announced its recent development of four new Automatic Market Makers (AMMs), which will function as a base layer for the DEX. 

SushiSwap unveils new AMMs designed to be gas-efficient

During the SushiSwap presentation at ETHCC in Paris, the CTO of the DeFi firm, Joseph Delong, revealed that the DEX had launched new development called “The Next Generation AMM.” 

The CTO added that the revamp of the DEX platform was built In response to SushiSwap critics who claimed that Sushi is only just a fork from Uniswap.

The new AMMs, named “Trident,” will allow SushiSwap users to build their own liquidity pools. The DEX further revealed that the team had built four AMMs.

Trident’s new features will include various pool types, making SushiSwap more unique given that most DeFi protocols only use one singular constant product pool. 

The “Hybrid Pool” feature introduced by SushiSwap would reduce the swap price impact by using a stableswap curve when trading between similar cryptocurrencies. 

While the presentation revealed that there would be four pool types initially during its launch, further pool types are to be added. Users of the leading DEX would be able to choose a pool that suits their risk appetite, as SushiSwap aims to reduce the market risk and volatility that cryptocurrency investors face.

Built within BentoBox – the token vault system behind SUSHI will be able to offer passive yields on deposited funds. 

Trident will remain open-source, unlike its predecessor, Uniswap v3, which has not opened its code to the public. The new AMMs will be launched publicly in the next few weeks.

SushiSwap price ready for a bounce back

SushiSwap price has lost over 70% of its value since the May 18 high. While SUSHI has suffered a massive correction, the DEX token is ready to effect the reversal of fortune. 

SushiSwap price has revealed multiple trend extension bottoms on the Momentum Reversal Indicator (MRI) as SUSHI declined on the daily chart. This indicator suggests that the token is ready for a trend reversal.

Sushi USDT

SUSHI/USDT daily chart

For SUSHI bulls to remain hopeful, SushiSwap price must close above yesterday’s red candlestick for confirmation. Should buying pressure increase, the DEX token could tag the 20-day Simple Moving Average (SMA), nearing the 23.6% Fibonacci extension level at $7.70.

However, if the bears take control of the market, SushiSwap could retest the June 22 low at $5.97 before ranging in the demand zone that extends to $4.30.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.

More Altcoin News
Shanghai court confirms legal recognition of crypto ownership

Shanghai court confirms legal recognition of crypto ownership

A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.

More Cryptocurrencies News
BTC hits an all-time high above $97,850, inches away from the $100K mark

BTC hits an all-time high above $97,850, inches away from the $100K mark

Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: New high of $100K or correction to $78K?

Bitcoin: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP