Sushi Announces Final Steps to Cut Off Trident Pool Support, Calls for Liquidity Withdrawal
Sushi has begun the final de-support phase of Trident Pools, advising users to withdraw their liquidity before March 15, 2024 to ensure a smooth transition.
Sushi, an innovative decentralized exchange, has announced that the final phase of Trident pool deprecation has begun. This is a pivotal moment for the platform as we streamline our products to improve user experience and operational efficiency. As Sushi continues to evolve its service, it has launched a final call to liquidity providers to withdraw assets from the Trident pool before the deprecation deadline of March 15, 2024.
Evolution of the Sushi AMM platform
The Trident framework began with a promise to deliver an enhanced Automated Market Maker (AMM) design featuring a continuous product pool, lower gas rates, and integration with BentoBox for better efficiency. In May 2023, Sushi V3 AMM will be introduced as the next version of this platform, paving the way for the deprecation of Trident Pools.
Call for urgent action for liquidity providers
Sushi urgently requested users to withdraw their liquidity from Trident Pools by a specified deadline to avoid potential problems. After March 15, 2024, Trident Pools’ user interface (UI) will be retired, leaving smart contract interaction or manual assistance as the only withdrawal methods, which may result in delays.
Migrate to Sushi V3 AMM
For liquidity providers interested in continuing to participate in Sushi, the platform is encouraging migration to the more efficient Sushi V3 AMM. To help with this transition, Sushi has provided detailed guides, frequently asked questions (FAQs), and a dedicated support channel to assist users throughout the migration process.
Implications for the DeFi ecosystem
The deprecation of Trident Pools reflects the natural evolution of DeFi platforms while also reminding us of the importance of user participation in maintaining the health of the decentralized ecosystem. Sushi’s proactive approach to guiding users through this transition highlights the platform’s commitment to user-centric development and innovation.
prepare for the future
As the DeFi landscape continues to mature, Sushi’s actions highlight the need for continuous adaptation and improvement. The platform’s focus on improving efficiency and usability through V3 AMM represents a forward-looking strategy to secure its position as a leader in the DeFi space.
In light of this announcement, Sushi reaffirms its commitment to providing a seamless DeFi experience. As the March 15 deadline approaches, users will need to take the necessary steps to convert their assets and continue their DeFi journey with Sushi’s evolving ecosystem.
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