Sushi has officially announced their next generation automated market maker (AMM) Trident.
While SushiSwap started out as a fork of Uniswap, the announcement explicitly states that Trident is a new AMM “and not a fork.” Trident will focus on capital efficiency (ie: the ratio between invested capital and return) and integrate Sushi’s many products.
Trident is being built as a decentralized application on top of Sushi’s token vault protocol, BentoBox, which is designed for gas-efficiency and cross-app coordination. Currently, the only other app on BentoBox is Kashi, Sushi’s lending and borrowing protocol.
Trident will function as a superset of AMM pool designs, allowing any type of new pool design to be added as long as it fits the interface. These can include constant product pools made up of two assets at an equal monetary value; hybrid pools where users can include up to 32 assets; concentrated liquidity pools, which allow liquidity providers to narrowly scope their liquidity provisioning; and weighted pools, which function similarly to constant product pools but allow breaking of the 1:1 value match between asset pairs.
In the future, Sushi also intends to implement franchised pools on Trident. These pools will allow institutions to whitelist liquidity providers (LPs) and swappers. Franchised pools will be separate from the main Trident AMM and will hopefully incentivize LPs to move their assets from centralized exchanges into DeFi.
Trident is set to launch within the next couple of weeks.