In a reveal that set cryptotwitter ablaze, Sushiswap lays the foundation for a strong 2021
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.