In an unprecedented move, Suiswap, the decentralized token trading platform and exchange built on the SUI blockchain, is preparing for its largest upgrade to date. The platform is set to roll out version 5.0 in early July, which will introduce an innovative dashboard system and a dynamic ecosystem revolving around the SSWP token. Suiswap, developed by Vivid Network, aims to provide a secure, rapid, and adaptable trading environment within the SUI ecosystem.
We will be upgrading Suiswap to 5.0 in early July, marking the largest upgrade and change in the history of Suiswap.
— Suiswap (@suiswap_app) June 26, 2023
At that time, a brand new "dashboard system" and an "ecosystem revolving around the SSWP token" will be launched.
See you in early July. pic.twitter.com/tVqPpIkjSl
The 5.0 upgrade will bring significant changes to the Suiswap platform. One such change includes the introduction of a decentralized token exchange, similar to Uniswap, that utilizes traditional liquidity pools. This enhancement will enable users to indulge in permissionless and decentralized trading of tokens, with liquidity providers earning a portion of the trading fees generated by the platform.
Alongside this, Suiswap plans to launch stablecoin liquidity pools inspired by Curve’s USDC/USDT pools. These pools are intended to provide lower slippage and tighter spreads when trading stablecoins. Suiswap will also feature a central limit order book (CLOB) trading platform for advanced traders, allowing them to place limit orders and potentially secure better prices.
With the integration of a decentralized aggregator that combines liquidity from various sources, Suiswap aims to create a more efficient and seamless trading experience for its users. The introduction of the SSWP token ecosystem will further enrich the platform, enabling users to earn SSWP tokens through various activities like liquidity farming and staking.
The underlying blockchain, Sui, offers a solid foundation for developers in the Web3 and NFT industries with its permissionless, layer-1, delegated proof-of-stake (dPoS) setup. The launch of Suiswap version 5.0 marks a significant leap forward for the platform, reinforcing its commitment to providing a secure, fast, and flexible trading experience within the SUI blockchain ecosystem.
