The new AMM will feature four customizable options and offer significant capital efficiency for depositors.
After months of bluster and braggadocio, decentralized finance (DeFi) platform Sushi is finally revealing the long-awaited “7/20” project update — but it remains to be seen whether the new product will live up to the hype.
Taking the stage this morning at the Ethereum Community Conference in Paris, Sushi CTO Joseph Delong pulled back the curtain on a new hybrid automated market maker (AMM) called Trident.
Trident will feature four AMM models, including constant product pools similar to the current SushiSwap, hybrid pools similar to Curve that allow for the efficient exchange of like-kind assets such as stablecoins, concentrated liquidity pools similar to the functionality Uniswap v3 offers, and weighted pools similar those available through Balancer.
Trades on the new platform will work through Tines, a new order-matching engine that will examine all four pool types for the most efficient swaps. New and uncommon tools include limit orders and the ability for pool deployers to save gas by disabling time-weighted average price oracles in lieu of Chainlink oracles. Additionally, all four AMMs are built on Sushi’s BentoBox fractional reserve platform, meaning that unused liquidity will earn additional yield via lending strategies.