Last Updated on May 6, 2023 by Bitfinsider
Decentralized trading SushiSwap has developed V3 focused liquidity pools across more than a dozen networks in an effort to improve capital efficiency across the industry.
The exchange stated in a statement on Thursday that this is the most broad deployment of these types of pools to date.
The pools, which are intended to be capital efficient, are likely to allow liquidity providers (LPs) to further concentrate their money in a narrower price range.
The outcome is a narrower spread between buy and sell orders, which should reduce slippage for traders and allow for more precise trade execution, more trading volume, and improved liquidity, ultimately benefiting LPs with bigger profits.
Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, and Polygon are among the 13 networks where SushiSwap’s V3 is now available.
SushiSwap said it would add support for 30 more focused liquidity networks in a “two-phase” strategy in the following weeks.
According to the release, the first phase would also include applying SushiSwap’s exchange to zero-knowledge rollups in the near future.
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