At the ETHCC in Paris, Sushiswap presented their newest development Trident, promoted as the “ Next Generation AMM”. Taking the stage in the morning at the Ethereum Community Conference Sushi CTO Joseph Delong pulled back the curtain on a new hybrid AMM.
To commemorate the announcement, Sushiswap gave copies of an LSD-themed NFT titled “Bad Trip” to ETHCC presentation attendees. The fractionalized and tokenized version of Bad Trip or $LSD is up for auction now on http://miso.sushi.com.
The new AMM, which has not been forked from any existing code, has taken inspiration from previous Sushi forum proposals that community members would know as, ‘Mirin,’ and, ‘Deriswap,’. Andre Cronje, of Yearn Finance, and Sushi ecosystem partner initially advised these codes. The CTO emphasized that the upcoming update of Sushi’s decentralized platform has been built in-house as the company’s response to critics who have claimed that: “Sushi is just a fork.”
About The Trident AMM
Trident’s new features will also include a wider variety of pool types commonly used by DeFi protocols. A Trident has 3 prongs, which represent the 3 new pools that we are adding to the original constant product pool (50-50):
- Hybrid Pools (like-kind assets in 1 pool, reduces price impacts)
- Weighted Pools (supports 8 tokens at once)
- Concentrated Liquidity Pools
Trident is an AMM native to their token vault, BentoBox. Hence it will allow deposited assets to earn automatic yields through strategies and at no extra cost to the user. Delong also said, “Yield from these strategies are returned to the user, which makes Trident the most capital efficient AMM in existence.”
Sushi announced that they will be using a newly developed routing engine, Tines. It considers factors such as gas costs, price impacts, and graph topology to generate the best price solution. It will also check Trident’s multiple pools and multiple routes to always find you the optimal token price for your transactions.
In accordance with usual DeFi practice, the Trident code will be open source. All Trident code is GPL3 and will remain so.
Sushi.com’s new Trident AMM will have its public release in a few weeks, with future versions. Sushi users will have the ability to select a pool that better suits their risk profile.