The chief technology officer of decentralized exchange (DEX) SushiSwap (SUSHI) is looking back on 2022 while giving a roadmap for 2023.
Matthew Lilley, who is also one of the key core developers behind SushiSwap, says that the DEX decided to put Kashi, a lending platform, and MISO, a token launchpad, on the back burner.
Lilley says that Kashi was deprecated for a number of reasons, including numerous design flaws, lack of profitability, and lack of resources. For MISO, Lilley says it was a simple lack of resources that caused SushiSwap to halt development.
According to the SushiSwap CTO, new iterations of both projects will come in the future, but for now, the DEX is the main priority.
“We have the plan to launch successors of these products in the future once we have the resources to dedicate product teams towards them, but believe that requires focusing entirely on the breadwinner at the time being which is inarguably the DEX.”
Specifically, Lilley says SushiSwap will work on delivering concentrated liquidity, which allows liquidity providers to set certain price ranges to provide liquidity.
“Second, concentrated liquidity needed prioritisation to bring us to feature parity with the AMM [automated market maker] sector. V2 was running out of steam. Concentrated liquidity is difficult, but we’re almost at the finish line and plan to release it firmly in 2023 Q1.”
Lilley also teases an “interesting surprise” that’s in the works and a new incentive structure coming to the exchange.
“We have an interesting surprise and some interesting incentive re-alignment at the DEX level which leans on our strengths and strengthens our position I believe.“Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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