SushiSwap’s roadmap for the coming year includes the development of a DEX aggregator, a decentralized incubator and “several stealth projects.”
The move comes just a month after Susie Wapp, CEO of the decentralized Trading Centre (DEX), warned that his treasury would suffer "relatively heavy losses" and shared several planned upgrades for the platform. The company said the platform aims to increase its market share to "10 times" by 2023.
Sushi CEO Jared Gray described the plan for a decentralized finance (Defi) platform in a Medium post on January 16th, saying it would focus on its product stack, in line with previous plans, to make sushi more sustainable.
Sushi has a market share of about 2 per cent in the AMM market but 0 per cent in the integrated market. According to our vision, we are going to increase our market share tenfold by 2023.
The newly announced plans include the DEX aggregator, which will be launched in the first quarter, and the blockchain Technology Entrepreneurship Incubator, which is likely to be launched in 2023.
Grey says the upcoming DEX aggregator, a dedicated tool that allows users to browse a variety of Defi contracts, was built "stealthily" last year as part of a plan to promote business process scalability and sustainability.
Gray also proposed the vision of a sushi personal studio, a so-called blockchain technology startup incubator, in which sushi will help launch self-financing projects to support the improvement of the ecosystem without increasing pressure on the Dow Treasury.
He added that "several types of hidden products" are being developed at this stage and that the long-awaited dynamic password (NFT) sales market, Shoyu, is expected to be launched in the first quarter and a permanent DEX platform.
The governance measures proposed by Gray on December 6 showed that the sushi treasury had only a year and a half left in the playground, which he made clear at the time would pose a threat to sushi's ability to operate. Since then, government departments have promoted more new share issues.
On Dec. 11, Grey showed that DEX lost $30 million in the previous 12 months because of encouragement to liquidity service providers (LP).
Later that month, he offered a proposal to reposition the social economics of sushi tokens in an attempt to boost sushi's treasury reserves.
Gray confirmed in the latest post, "everyone has implemented measures to ensure that our own sports ground can last for many years."
For many of sushi's 2023 plans, the platform is also revamping car dashboards in capital construction, dedicated to the customer experience.
The car dashboard shows the sushi budget, each data encryption wallet and the conclusion of the expenditure audit of the Ministry of Finance.
"finally, we're going to give deep liquidity, optimal pricing, sustainable tokens socioeconomics, and an easy-to-use platform, and we want to put you first of all the products we launch," Grey said.