Sushiswap reveals ambitious 2021 roadmap

After a wild, up-and-down 2020 that saw Sushiswap become the largest decentralized exchange (DEX) by liquidity at two different points, the decentralized finance (DeFi) platform has released a wildly ambitious project roadmap for 2021.

Key forthcoming developments include multiple examples of some of the most complex and advanced functionalities in the DeFi space, including a cross-chain DEX that will be enabled by Rune and Moonbeam, an implementation on the Polkadot chain, and a fully decentralized governance structure by the end of 2021.

The post also provided updates on previously-announced projects, including a v2 launch called Mirin and a mid-January target date for the launch of BentoBox, a forthcoming lending product.

There were also hints at a possible forthcoming rebrand. Given the variety and number of products currently offered and in development, “Sushiswap will be moving to a new domain in 2021 to reflect better how we aren’t an AMM anymore.” 

One development that particularly excited observers includes a proposed integration with ArcherDAO. Archer works with Ethereum miners to produce more efficient blocks, and the integration will be able to reduce front-running by miners, also known as miner-extractable value (MEV).

Other integrations include forthcoming support for algorithmic stablecoins FRAX and DSD, as well as BAO.

Finally, the blog gave an update on scaling plans, noting that Sushiswap will “move in sync with the greater Yearn ecosystem,” and that zero knowledge rollups will likely be the preferred solution.

It’s a long list of goals for a projects barely six months old. However, in an interview with Cointelegraph earlier in the week, Sushiswap core contributor 0xMaki spoke to the vision of an ever-growing, well-incentivized Sushiswap community.

 “I want to keep incentivizing people to productivize their assets. Make them join a DAO. Rewards more devs so they can build what they love. Introduce more people to DeFi and new financial primitives. Showcase prominently new dApps on Sushi. Everyone will be a winner in 2021.”

At press time $Sushi is up 10% on the day to $4.64. 

 Jeannie Propes

Jeannie Propes– Technology My Name is Jeannie Propes, and I am 29 years old who is an industrialist other than a writer. I want to catch the attention of my audience and publishers without sound too dry and dull. I am the sort of person who adores his spare time by writing my thoughts and ideas for my audience or readers. My writing skills are not confined to any specific field, I wrote on many topics, but technology and stock Market articles are always my favorite. I love to express myself through creative modes such as drawing, singing, and writing. I love to spend my leisure time with my beloved cat, sleep or by playing my favorite video games.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner