Concentrated Liquidity, everywhere.
Capital Efficiency, anywhere.
🔥 We have launched Sushi’s concentrated liquidity pools on 13 networks with more coming #soon. This launch marks the largest deployment of v3 pools, ever.
...We're also including zkEVM networks starting off with:
🔹 @0xPolygonDeFi (Polygon zkEVM)
And many more networks will be rolled out over the next few weeks 🚀
🏃🏻 With this launch, we've taken our first step towards increasing the adoption of concentrated liquidity across the DeFi space. We've broken this launch up into two distinct phases that will be rolled out over the next couple of weeks 👇🏼
Phase 1️⃣:
Rollout of v3 across 13 networks and more coming very soon, ultimately covering all of the chains Sushi is live on. Additionally, we're planning to deploy our full DEX to even more zero-knowledge rollups in the near future.
Phase 2️⃣:
Introducing a special rewards program for the most efficient LPs: The Sushi v3 Yield Booster Program! 💸
With this program, LPs are eligible to get rewarded with additional $SUSHI 🍣
🔜 More information and details will be released in a separate announcement #soon
🚀 Furthermore, we're proud to introduce innovative routing through Tines + a new route processor (RouteProcessor3) to unify liquidity across all of Sushi by enabling pools of all types to interact with each other, effectively creating a large pool of liquidity to trade against..
...Tines will construct the most cost-efficient route for a swap to take based on the current conditions, then will execute the swap that has the lowest price impact.
This design ensures users get the cheapest swaps possible with maximum capital-efficiency 💪🏽
🖥️ Accompanying our v3 release we’re also proud to introduce a completely new and improved UI for max simplicity and an effortless user experience: step-by-step UX guidance, light/dark mode and a graphical price range selector.
🤝 Additionally, the last few months we’ve been working with exciting partners that have built on top of our v3 pools and we are excited to reveal additional features that will simplify and automate your v3 LP experience over the next couple of weeks!
🍣 We take pride in leading the way with our multi-and-cross chain concentrated liquidity launch.
With our robust cross-chain infrastructure, v3 coverage, and improved UI, we're confident that LPing with Sushi on v3 will be more efficient, effortless and eventually automated ✨
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🧵 Read the below thread about: what's next for affected user funds and what processes we're setting up to return user funds.
🖥️ Firstly, please know that Sushi's Swap web app is safe to use now!
🪡👇🏼
👉 However, if you have yet to check your approvals to see if you still have approvals for tokens connected to the previous RouteProcessor2 contract, please do so here: and remove them.
💡 Note: You likely have no exposure if you haven't interacted with Sushi in the past ten days, as the exploited contract is less than ten days old. But check approvals with the link above as a good security practice. 🔒
ℹ️ ICYM - The Ethereum network is set to undergo a major upgrade known as the Shanghai upgrade.
💡 In this thread, we will explore what the Shanghai upgrade entails and the possible outcomes.
The Shanghai upgrade is the next major update to the Ethereum network, which is set to introduce several changes to the protocol. These changes will improve the network's efficiency, reducing gas fees, and increasing its security 💪
A major development brought by the update is the ability to withdraw previously staked ETH from as far back as December 2020
This marks a significant milestone for the Ethereum network, and there are several scenarios that could potentially unfold following the upgrade 👀
The @kava_platform ecosystem is blooming, thanks to its #CosmosEVM launch, lucrative incentives programs, and upcoming $ETH Bridge.
Sushi deploying to Kava draws on all those benefits, unlocking new resources for devs and #DeFi opportunities for users.
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@kava_platform As one of Ethereum’s OG DEX protocols, we get the importance of building a strong dev community.
Kava’s #DevEnabler vision and the $750M #KavaRise incentives program shows Kava means business when it comes to onboarding the best devs and protocols in the industry.
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Via Kava’s #CosmosEVM and unique incentives program, Sushi aims to generate unique earning options for liquidity providers, while giving developers access to all the resources they need to survive a tough market.
🍣 How to maximize yield by staking $SUSHI for $xSUSHI 🍱
For every swap on the exchange on every chain, 0.05% of the Sushiswap fees are distributed as $SUSHI proportional to your share of the SushiBar.
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When your SUSHI is staked into the SushiBar, you receive xSUSHI in return for voting rights and a fully composable token that can interact with other DeFi protocols.
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Your xSUSHI is continuously compounding, and whenever you unstake you will receive all the originally deposited SUSHI plus any additional from fees.