SushiSwap to Launch Sei Network–Based DEX for Futures Trading

SushiSwap developers will launch a decentralized exchange for futures trading on Sei Network. This was announced by the project’s “chief chef” Jared Grey at the Quantum Miami conference, The Block reports.

“This is a new game for us,” stressed the project’s CEO.

He added that the contract was signed earlier this week.

“We are closely collaborating with them [Sei Network], determining what resources to allocate from their side for Sushi,” Grey said.

As part of the Cosmos ecosystem, Sei Network enables developers to create appchains — customizable blockchains for specific applications.

This week, the decentralized exchange community approved the proposal to change the tokenomics. It envisions redirecting all trading fees from xSushi holders to the DAO treasury.

The project team hopes the decentralized derivatives exchange will become an additional source of revenue.

Earlier, Jared Grey stated his intention to increase SushiSwap’s market share tenfold.

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