SushiSwap’s Progress and Future Plans

04/26/2023 05:46 • Tech Ticker • 138 views

On April 26th, Sushi Swap CEO Jared Grey tweeted an overview of the progress and future plans for revitalizing the project. Grey stated that we have established additional Token economics models in the past four months and are planning comprehensive reforms to the Chef contract. Soon, we will transfer Token economics to the governance process for final discussion and voting. One of the main goals of New Token Economics is to promote the adoption of Uni V3 on Sushi. In addition, Grey also mentioned that to help achieve our goals, we have built a new routing processor that enables us to fully utilize the capabilities of the Tines engine and helps us aggregate all Sushi liquidity in the best possible way. SushiSwap has launched its third version router on selected networks to support its Uni V3 deployment.

SushiSwap CEO: Will Promote the Implementation of the New Token Economics Model

Introduction

On April 26th, Sushi Swap CEO Jared Grey tweeted about the progress and future plans for revitalizing the project. This article will delve into the details of what Grey stated and what it means for the future of SushiSwap.

New Token Economics Models

According to Grey, SushiSwap has established additional Token economics models in the past four months. The new models are designed to incentivize users to hold SUSHI tokens and participate in the governance process. The goal of these new models is to promote the adoption of Uni V3 on Sushi.

Comprehensive Reforms to Chef Contract

SushiSwap is planning comprehensive reforms to the Chef contract. The Chef contract is responsible for the distribution of SUSHI rewards. The reforms aim to make the contract fairer and more efficient.

Token Economics to Governance Process

Grey stated that SushiSwap will transfer Token economics to the governance process for final discussion and voting. This means that users who hold SUSHI tokens will have a say in how the Token economics will work. This is a significant development for the project as it will make the governance process more decentralized and democratic.

New Routing Processor

To fully utilize the capabilities of the Tines engine and aggregate all Sushi liquidity in the best possible way, SushiSwap has built a new routing processor. This new processor will be instrumental in achieving the project’s goals.

SushiSwap’s Third Version Router

SushiSwap has launched its third version router on selected networks to support its Uni V3 deployment. The new router will help SushiSwap to complete its migration to Uni V3 while also enhancing its trading capabilities.

Conclusion

In conclusion, SushiSwap’s progress and future plans are focused on promoting the adoption of Uni V3, making the governance process more decentralized and democratic, and improving the efficiency of the Chef contract. The new routing processor and third version router will be crucial in achieving these goals.

FAQs

1. What is Uni V3?
Uni V3 is a new version of the Uniswap protocol that allows liquidity providers to specify the range where their liquidity is provided.
2. What is the Chef contract in SushiSwap?
The Chef contract is responsible for the distribution of SUSHI rewards.
3. Will users who hold SUSHI tokens have a say in how the Token economics will work in the future?
Yes, SushiSwap plans to transfer Token economics to the governance process for final discussion and voting, which means users who hold SUSHI tokens will have a say in how it will work.

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