A thread on Trident, Sushi's new hybrid model AMM:
The core feature is four different pool types -- constant product pools (think Sushi/Uniswap v1), hybrid pools (Curve), concentrated liquidity pools (Uniswap v3), and weighted pools (Balancer). Trades will route through all four via a matching engine, Tines.
LPs can make the same trading pair in multiple pools, which will lead to some interesting decisions for the Smart LPs 🤓. Tines will be open-source, and will route through multiple pools and assets to find the most efficient trades.
All of this is a "native application" to BentoBox. Similar to the Balancer v2/Aave integration, idle or unused deposits in Trident pools can be used in yield-bearing strategies. Currently the team is only using Compound, but they're hiring for more complex ones.
Nifty features include limit orders (and the liquidity for those orders will earn yield while traders wait for their prices to hit) and the ability for pool deployers to turn off TWAP oracles in favor of Chainlink oracles to save gas.
One exciting piece of the roadmap coming post-launch is "franchise pools." These are designed to be compliant with KYC/AML requirements -- think a AMM compliment to Aave's institutional lending pools. Joe told me that there have been initial conversations with exchanges as users
There are AMMs attempting to go to market or are doing raises with just one or two of these features. Sushi is effectively launching four exchanges in one.

Joe says launch will be between one and two months from now.
@CryptoCobain got a shout-out for coming up with the Trident name.

The team is eager to move past the "fork" label and are palpably excited to be shipping their own product. However, they're staying true to their roots with a GPL3 license on Trident and Tines.

“Fork us. Have fun. We don’t care. It’s going to be hard to fork out our community.”
I think critics will jump on the fact that there isn't much "new" here, but if executed well, this may position Sushi to take over in TVL and trade volume metrics.

Fun couple of months coming up for AMM space as Curve keeps rolling out pools and Trident launches.
Someone in Lobsterdao said Sushi is aiming to win silver medal in all AMM categories -- great way to think about the strategy here tbh

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Andrew T

Andrew T Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Blockanalia

9 Jul
Re: the @ChrisBlec piece. I was against publishing it and voiced that opinion. I think he's a grifter acting in bad faith.
Man tried for years to monetize, including failed podcasts, youtube, and educational content, including the deservedly mocked $100 'Mastering Uniswap'

It was often glowing in tone -- "The DeFi Difference," a now-deleted vid extolled the virtues of the Ethereum DeFi "revolution"
Around late 2019, however, he discovered that engagement farming controversy was a more effective growth strategy than Bankless-style cheerleading

He became critical of DeFi and Ethereum, including conspiracies about the "ConsenSys Cartel" running ETH behind the scenes.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!