SushiSwap to launch DEX aggregator and decentralized incubator in Q1

2023-1-17 12:20

Leading decentralized exchange (DEX) platform SushiSwap is looking to increase its market share by 10x with the proposed launch of its DEX aggregator router and decentralized incubator in the first quarter of 2023.

SushiSwap Head Chef Jared Grey detailed his plans for the DEX platform in a Jan. 16 company statement titled Sushi Revitalized. As per the roadmap, SushiSwap is working to provide deep liquidity, optimal pricing, sustainable tokenomics and an easy-to-use platform for its users.

The innovation will help attract increased liquidity to Sushi pools and allow liquidity providers to benefit from increased swap volumes and fees, Grey said in the report.

Additionally, Sushi will implement its redesigned tokenomics model which will introduce a token burn mechanism and emission-based rewards for staked SUSHI.

Sushi will fully launch its decentralized incubator “Sushi Studios” which has helped develop many stealth projects, Grey revealed. Sushi Studios will allow the DAO to launch independently-funded projects without hindering its core DEX focus.

“Sushi has a solid and resilient brand representing the best of DeFi; with Sushi Studios, we can leverage the brand to reach all users.”

Sushi Studios will launch its NFT marketplace named Shoyu in the first quarter of 2023, according to the plan.

To foster increased DAO engagement, Grey said that the team was building a governance dashboard that will detail its budget, crypto wallets and Treasury expenditure in real-time.

The post SushiSwap to launch DEX aggregator and decentralized incubator in Q1 appeared first on CryptoSlate.

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dex decentralized launch incubator aggregator sushiswap proposed

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