Thread by @Block49Capital

1/

With the upcoming release of the AMM Trident and NFT marketplace Shoyu, @SushiSwap is poised to capture increased DEX market share as well as build out its moat, all while becoming the most complete DeFi ecosystem.

$SUSHI #SUSHI

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Trident is a one-of-a-kind AMM model that increases LP flexibility as there are 3 new pools:

- Weighted Pools (Think Balancer)
- Hybrid Pools (Think Curve)
- Concentrated Liquidity Pools (Think Uniswap)

Increased optionality = decreased capital elasticity

3/

Sushiswap's native NFT marketplace is also releasing soon, and this should bring plenty of new and incumbent users. $SUSHI is also trying to make NFTs more interactive by building a metaverse display, and allowing for creators to experiment with 'social tokens'.

4/

Cool Shoyu social token features:

- Burn-and-participate: holders can burn tokens to redeem real-life items, such as merchandise (think of @0x_b1's initiative with Spunks, but anyone can do it)
- Revenue sharing: token creators can decide to re-distribute on-chain earnings

5/

2.5% of every transaction on Sushi's NFT marketplace will go towards $xSUSHI holders, which means that the token's value accrual isn't solely dependent on token swap activity anymore.

Diversified revenue streams = stronger 'business' model

6/

$SUSHI's P/E ratio sits at 60.70x and its P/S ratio sits at 10.12x, which is fundamentally sound for a protocol that is operating in numerous exponentially growing industries (DEXes, NFTs).

We also expect Sushi's market share to increase after Trident's release.

7/

Sushiswap's horizontal expansion approach is proving to be an excellent protocol model.

Lastly, we believe that team strength is the most important factor in an open-sourced world, and it is evident that Sushiswap is in great hands.

DYOR, NFA.