The Chief Technology Officer of SushiSwap (SUSHI), a decentralized exchange (DEX), looks back on 2022 with a roadmap for 2023.
Matthew Lilley, who is also one of the main core developers of SushiSwap, said: To tell DEX’s decision to ditch Kashi, a lending platform, and MISO, a token launchpad.
Lilley said Kashi was discontinued for a variety of reasons, including numerous design flaws, lack of profitability, and lack of resources. Regarding MISO, Lilley said the reason SushiSwap stopped development was simply a lack of resources.
According to SushiSwap’s CTO, there will be new iterations of both projects in the future, but for now DEX is the top priority.
“Once we have the resources to devote ourselves to these products, we have plans to launch successors to these products, but that would require a full focus on DEX, which is arguably our immediate breadwinner. thinking about.”
Specifically, Lilly said SushiSwap’s commitment to providing centralized liquidity will allow liquidity providers to offer liquidity at specific price points.
“Second, liquidity is concentrated, so we had to prioritize to provide AMM parity. [automated market maker] sector. V2 was running out of power. Concentrated liquidity is difficult, but we are very close to our goal and are on track to release solidly in Q1 2023. “
Lilley also mentions the ongoing “interesting surprises” and the new incentive structure that will be introduced to the exchange.
“We are having an interesting surprise and some interesting incentive realignment at the DEX level, which we believe will depend on our strengths and strengthen our position.“
Don’t miss a beat – subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Space Creator/Natalia Siiatovskaya