• 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.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ripple price sees investors bracing for Powell late Wednesday with $0.44 in the cards

Ripple price sees investors bracing for Powell late Wednesday with $0.44 in the cards

XRP price will see traders mainly focusing on the Powell speech later today at the Brookings Institution. With many questions being raised and Fed members contradicting one another, markets will be hanging on every word coming from Powell’s mouth to get a clearer view of what the path will be going forward.

More Ripple News

ECB director calls for Bitcoin ban, says BTC is not suitable for payments or investments

ECB director calls for Bitcoin ban, says BTC is not suitable for payments or investments

The European Central Bank (ECB) detailed its stance on Bitcoin (BTC) and the cryptocurrency ecosystem in a blog post on November 30. In this article, the financial institution outlined the stark differences between regulation of digital assets in Europe and the US and that they should not be legitimized. 

More Bitcoin News

Solana price in for a surprise as markets expect Powell to bring out the reindeers

Solana price in for a surprise as markets expect Powell to bring out the reindeers

Solana price is at the cusp of starting the long-awaited Christmas rally. SOL could be seen jumping 37%, making it its best performance for the year.

More Solana News

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Bitcoin price has triggered a 5% upswing overnight, slicing through critical hurdles. Three on-chain metrics suggest that BTC might have bottomed and has kick-started another bear market rally.

More Cryptocurrencies News

Bitcoin: Assessing chances of one last bear market rally for 2022

Bitcoin: Assessing chances of one last bear market rally for 2022

BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

Read full analysis

BTC

ETH

XRP