SushiSwap Orders New Trade Platform With Sei Network

SushiSwap, one of the leading DEXs. (Photo; Doc. Cryptaute)

JAKARTA - SushiSwap (SUSHI), the Decentralized Exchange (DEX) platform continues to develop its ecosystem in the blockchain world. This is evidenced by the planned launch of the new Perpetual Contract Futures exchange on Sei Network.

For your information, Perpetual contract futures is a type of future contract that does not have an expiration date. This is different from traditional futures contracts that have a specified time limit and must be closed at that time.

Perpetual contract futures allow traders to continue to open positions indefinitely and allow them to reduce the risk of unexpected price movements. Perpetual contract futures also offers higher leverage compared to spot trading.

However, keep in mind that futures contract trading has a higher risk compared to spot trading, and investors must be careful in evaluating risks and performing proper risk management.

The latest report from The Block cites SushiSwap executive, Jared Gray, who stated that the launch of this new trading machine was an attempt to expand SushiSwap's footprint beyond the limits of the Ethereum Blockchain.

SushiSwap was one of the first DEXs to enter the Decentralized Finance (DeFi) ecosystem. Initially, this platform experienced a crisis after its founder, Chef Nomi left, but was later rescued by Sam Bankman-Fried (SBF) who took over his management.

After years of stableness, SushiSwap is now one of the most respected trade platforms and ecosystems. Even though the original token, SUSHI, is no longer competing with major competitors such as Uniswap (UNI) and PancakeSwap (CAKE), SUSHI is still one of the leading digital tokens today.

According to Jared, the agreement to launch a new exchange was signed by SushiSwap and Sei Network about a week ago. The plan to launch this new exchange is expected to improve the SushiSwap ecosystem in the blockchain world.

"This is a new game for us," Gray said in Quantum Miami, adding that the contract was signed earlier this week.

"We are working with them in terms of developer resources that need to be allocated from their side so that Sushi can take advantage of what they have built so that we can score them, as a brand, to them," he added.

Launching Coinpeaker, the Sei Network election is not far-fetched. This is a Cosmos-based protocol designed for developers to create specific new trading apps with very large bandwidths.

According to Gray, Sei Network "focused on order books and match engines on their consensus layers, and they just wanted to focus on that vertical, and I think it makes a lot of sense."

Even so, it is not yet known in detail regarding the launch time of the Perpetual Contract Futures collaboration between SushiSwap and Sei Network.