SushiSwap, a decentralized cryptocurrency exchange build on the Ethereum blockchain, has released an ambitious project roadmap for 2021 after it became the largest decentralized exchange (DEX) by liquidity at two different points.
It has been reported that the 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 enabled by Rune and Moonbeam, an implementation on the Polkadot chain, and a fully decentralized governance structure by the end of 2021.
However, this news also provided updates on previously-announced projects, including a v2 launch called “Mirin” and a mid-January target date for the launch of BentoBox, an upcoming lending product.
Will $Sushi take over the world? A possible rebrand is somehow the least of the news for Sushiswap after a bombshell blog post laying out plans for 2021. https://t.co/0Y4ioJPEPr — Cointelegraph (@Cointelegraph) January 9, 2021
The report said that there were also hints at a possible upcoming 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.”
Likewise, one development that particularly excited observers include 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 upcoming support for algorithmic stablecoins FRAX and DSD, as well as BAO.
The report further stated that SushiSwap will “move in sync with the greater Yearn ecosystem,” and that zero-knowledge rollups will likely be the preferred solution.
Thus, 0xMaki, the core contributor of SushiSwap, said:
“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.”