What is Trident?

Trident is a tool within Sushiswap created over the course of 2021 with the aim of improving capital efficiency and volatility protection of cryptocurrencies using intuitive and easy-to-use tools, to provide DeFi with its new protocol standard. In general, we could say it is a production framework for building and deploying AMMs, i.e. automated marketplaces that allow digital assets to be traded permissionlessly and automatically through the use of liquidity pools rather than a traditional marketplace of buyers and sellers.

Although AMMs can be created using Trident's code, there is no specific AMM at the heart of Trident. Instead, there is a framework for the creation of any AMM that anyone might need. The concept behind this framework is that hard-coded exchange environments such as those found in Uniswap, Curve, and Balancer all need the same underlying methods, and therefore can be consolidated into a single interface. By consolidating them into one interface, the development process can occur more quickly at the community level. Thus, we should be clear that Trident is a new Sushi AMM currently under development and not a fork.

Trident and Bentobox - a perfect match?

Furthermore, thanks to the first native BentoBox AMM that elevates Trident to new heights as its story is born from it, we can say that BentoBox can also be considered as an architectural platform that allows developers to build complex and capital-efficient applications on top of it, like Trident, for example.

An expansion of pool type options

Trident also aims to be a superset of all AMM pool designs, by adding multiple pool types to provide relief from many of the pain points experienced due to the liquidity problem and to protect users from price shocks and other risks faced by cryptocurrency holders.

Trident enables easy integration of the added pool types to ensure that the Sushi protocol is prepared for unforeseen updates on DeFi's horizon. This integration is made possible by the standardisation of the pool interface that allows new pool designs to be added as long as they conform to the interface.

Trident and low fees

The implementation of Trident will allow the presentation of a storage test to give two simultaneous snapshots of the accumulated price. To do this, the user using TWAP pricing will submit a merkle test where the root of the block is less than 256 blocks behind the canonical head. On the chain, contracts will confirm the validity of the storage proof and the value to enable a TWAP snapshot. The advantage of TWAP is that it is a fully decentralised and trustless price oracle for all assets.

Competitors

So, we have been able to see all the benefits that Trident is bringing to Sushiswap and all the types of combinations it has with the different tools of Sushiswap itself. Thus, we can consider that Trident does not have a direct competitor in Defi and we cannot consider it as a competing platform because Trident has unique features. In fact, we have already seen that it adds unique value to DeFi tools such as Curve, Balance or Uniswap. However, platforms like Sushiswap always have to be up to date and predictable in case other platforms come out with something. So, Sushiswap will always have to keep an eye on its natural competitor Uniswap, as well as others within the same network such as Curve or Balancer. Without keeping an eye on other networks that have DeFis with similar features, such as PancakeSwap on the Binance Smart Chain network.

Users can implement a lot of new strategies thanks to Bentobox and completely free of charge. One example is the Sushi Strategy, from which users can bet their Sushi on the Bentobox and generate more Sushi as passive income. This Sushi Strategy is one of many strategies that can be applied at the same time in BentoBox. The potential that this powerful vault gives users and the unlimited possibilities of strategy design was the reason why Trident was built on it and why the creators of Sushiswap coined this new WMA as the most capital efficient DeFi WMA in existence.

As a result, Trident users can invest in 4 main types of pools: Constant Product Pools, Hybrid Pools, Concentrated Liquidity Pools and Weighted Pools.