SushiSwap, a decentralised exchange (DEX), is launching new liquidity pools across 13 networks to facilitate trading and liquidity providing.
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.
— Sushi.com (@SushiSwap) May 4, 2023
The v3 concentrated liquidity pools will be available on popular chains such as Ethereum, Arbitrum, Polygon, BSC, and Avalanche. The goal is to provide liquidity providers with more significant trading volumes and liquidity while reducing exposure to financial risks.
SushiSwap business development lead Alex Shefrin said the pools would offer greater flexibility to traders. “Ultimately, [traders] are able to better control what their slippage tolerance is, [and] what their overall kind of view on certain assets are.” The v3 liquidity pools will also increase reward efficiency.
Over the next few months, the v3 liquidity pools will be available on more than 30 chains, supporting cross-chain activity as part of DEX’s vision for the future. The DEX’s team aims to enable users to go from “asset a” on “chain a” to “asset b” on “chain b” through a “bring your blockchain” type of relationship.