Key Points:
Grey said that a deal had been inked earlier in the week when speaking at Quantum Miami:
“It’s a new play for us. We’re working hand-in-hand with them on what developer resources need to be allocated from their side for Sushi to leverage what they’ve built so that we can provide value, as a brand, back to them.”
According to Grey, Sei Network, a brand-new Layer 1 blockchain that focuses exclusively on decentralized trading apps, is focused on having an order book and matching engine in its consensus layer.
One of the biggest non-Ethereum-based blockchains, Sei is a part of the Cosmos ecosystem and enables developers to create specialized chains for certain purposes. Sushiswap intends to build its ecosystem while collaborating with the protocol.
Sushiswap will enter non-Ethereum ecosystems and a different area of decentralized finance as a result of the shift. The new exchange might have an influence on Sushiswap’s tokenomics strategy and create a new source of revenue for the protocol. The decentralized exchange passed a governance proposal earlier this week to update its tokenomics in an effort to divert value back to its native token, SUSHI.
As part of its earlier bigger objectives to make the protocol viable and lucrative, Sushiswap will place a strong emphasis on DEX products this year. In particular, the firm’s objective is to become a market-leading DEX by enhancing its product stack and achieving feature parity to give a solid platform for innovation, such as biased LP routes via aggregation router and focused liquidity, which will be available in Q1 2023.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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