After a wild, up-and-down 2020 in which Sushi Swap became the largest decentralized exchange (DEX) due to liquidity at two separate points, the decentralized financing platform (DeFi) has released a hugely ambitious project roadmap before 2021.
Major upcoming 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 made possible by Rune and Moonbeam, an implementation across the Polkadot chain and a fully decentralized governance structure by the end of 2021.
The post also included updates on previously announced projects, including a v2 launch called Mirin and a mid-January target date for the launch of BentoBox, an upcoming loan product.
There were also hints of a possible upcoming rebrand. Given the variety and number of products currently offered and under development, “Sushi Swap will move to a new domain in 2021 to better reflect that we are no longer SMP.”
One development that has particularly thrilled observers is a proposed integration with ArcherDAO. Archer is working 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 upcoming support for algorithmic stablecoins FRAX and DSD, as well as BAO.
Finally, the blog provided an update on scaling plans, noting that Sushiswap will “ be in sync with the larger Yearn ecosystem ” and no knowledge is pooled will likely be the preferred solution.
It’s a long list of goals for projects barely six months old. However, in an interview with Cointelegraph earlier this week, Sushiswap core contributor 0xMaki spoke about the vision of an ever-growing, well-nurtured Sushiswap community.
“I want to continue to encourage people to produce their assets. Have them join a DAO. Rewards more developers for building what they love. Introduce more people to DeFi and new financial primitives. Promote new dApps prominently on Sushi. Everyone will be a winner in 2021. “
At the time of going to press, $ Sushi is up 10% to $ 4.64.