• SushiSwap, a popular decentralized exchange (DEX), is launching its concentrated liquidity pools on 13 networks.
• The v3 pools offer several advantages over traditional liquidity pools including reducing the spread between buy and sell orders, resulting in lower slippage for traders and greater capital efficiency for LPs.
• SushiSwap plans to launch its comprehensive nearly 30-concentrated liquidity network support in two phases.
SushiSwap Launches Concentrated Liquidity Pools
SushiSwap, a popular decentralized exchange (DEX), is launching its concentrated liquidity pools on 13 networks, per a recent statement. This marks the most comprehensive deployment of concentrated liquidity pools, or V3 pools to date, and SushiSwap is the first DEX to offer such a broad coverage.
Benefits of V3 Pools
Concentrated liquidity pools are designed to optimize the trading experience for traders and LPs by concentrating liquidity in a smaller price range around the current market price. This reduces the spread between buy and sell orders, resulting in lower slippage for traders and greater capital efficiency for LPs. Additionally, SushiSwap revamped its user interface for easier navigation which makes it easier for users to access their positions and manage their trades more effectively. Moreover, the v3 release includes a new route processing contract for SushiSwap’s in-house smart order routing system which unifies liquidity pools across all of SushiSwap.
Launch Of Comprehensive Network Support
SushiSwap plans to launch its comprehensive nearly 30-concentrated liquidity network support in two phases with more coming soon ultimately covering all 30 chains live on SushiSwap. The first phase will roll out v3 across 13 networks with more coming soon.
User Experience Enhancement
Furthermore, user experience enhancements have been implemented as part of this release including making it easier to access positions and manage trades via an improved user interface as well as introducing a new route processing contract which enables pooled interactions with each other creating larger pool ecosystems of liquidity available to trade against.
The launch of v3 pools on 13 networks marks just the first step towards increasing adoption of concentrated liquidity; with more launches planned within the upcoming weeks it looks like there are exciting times ahead for users who want better capital efficiency from their cryptocurrencies investments!