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 if 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 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.
The Summer of $SUSHI is upon us, a dawn of a new season. The scent of Shoyu, Miso, and Mirin waft through the air.
What surprises do the chefs have in store for us?
We shall find out soon enough…
I’m now the proud owner of “7/20/2021”