Decentralized exchange Sushi has started the launch of Trident. A beta version of the new Trident auto market maker has been released on Polygon. Introducing Trident as a new framework for building and deploying AMMs.
Trident was first announced in July 2021, but its release has suffered several delays due to internal conflicts within the Sushi development team. The new protocol aims to replicate several of the most popular DeFi implementations launched on Ethereum and consolidate them into a single protocol.
Unlike SushiSwap V1, Trident is marketed as a production framework for building and deploying AMMs. Rather than just managing liquidity pools, Trident allows users to create their own pools similar to Uniswap. In addition, users who have already provided liquidity to a V1 pool on Polygon can now move their positions to Trident.
Trident's ultimate goal is to combine various automated market makers into one unified interface.
“While AMMs can be built using Trident code, Trident does not have a specific AMM at its core. Instead, there is a framework for building any AMM that anyone will ever need.”
Trident also aims to standardize the way liquidity pools are created using the new IPool interface, which Trident calls the "high point" of the production framework.
"Just as the ERC-20 token standard is much needed to make token types efficient, the IPool standard is needed to make pool types more efficient."
First, Trident will expand its pool options to allow users to create their own liquidity pools and provide concentrated liquidity, similar to the experience using Uniswap V3. It will also replicate Balancer-led weighted pools so users can contribute different weighted amounts of liquidity, rather than forcing users to provide two assets that are split 50:50. Finally, Trident will implement hybrid pools to improve exchanges between similar types of assets, such as stablecoins. Trident also aims to lower gas costs for using the exchange by introducing a new referral engine for swaps.
Sushi notes that the current preview marks the first phase of deployment, and that new pool types will be released "in the order in which controls and available resources make them available." In addition to the new pools planned, Sushi said users will be allowed to create and deploy their own pool types on Trident as long as they pass an audit and internal review. Like all other protocols in the Sushi ecosystem, a portion of the trading fees generated through Trident will be sent to xSushi token holders.