Today in DeFi - Sushi Trident, Maker Decentralizing, and More...
Sushi Trident
Sushi’s new AMM Trident is coming.
Besides the original constant product pool, Trident brings 3 new pool types: hybrid pool, weighted pool, and concentrated liquidity pool. Trident is native to Sushi BentoBox, allowing LPs to auto-earn yields for deposited assets with no extra cost.
For transactions, the Tines routing engine goes through multiple pools & routes to find the best price for users
Sushiswap
Today in DeFi is sponsored by Sushiswap.
Sushiswap is a DeFi-Native DEX on Ethereum, Polygon, and Fantom, which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.
Besides its multi-chain Dex, Sushiswap also has Kashi gas-efficient lending markets for long-tail assets like UMA, Rune, or Chainlink.
Check out Sushiswap at Sushi.com, or try Kashi here.
Maker Decentralizing
Maker Foundation announced to close operation in months and hand over controls fully to MakerDAO & community.
UpOnly Exchange by Injective
Layer 2 derivatives protocol Injective launched UpOnly exchange for derivatives trading. UpOnly is built upon Injective’s infrastructure thus is able to provide fast, gas-free transactions.
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.