Suiswap Announces Version 5.0 Upgrade in July, Introducing Cutting-Edge Dashboard and SSWP Token Benefits

Suiswap, the decentralized token trading platform and exchange built on the SUI blockchain, is set to undergo its largest upgrade and change in history. In a recent tweet, Suiswap announced that it will be launching version 5.0 in early July, accompanied by the introduction of a brand new “dashboard system” and an “ecosystem revolving around the SSWP token.”

We will be upgrading Suiswap to 5.0 in early July, marking the largest upgrade and change in the history of Suiswap.

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

— Suiswap (@suiswap_app) June 26, 2023

Developed by Vivid Network, Suiswap aims to establish a secure, fast, and flexible trading environment within the SUI ecosystem. Leveraging the speed and security of the SUI blockchain, Suiswap provides a decentralized platform for token trading, with a focus on speed and security. Additionally, it aims to pave the way for token trading infrastructure for other protocols built on the SUI platform.

A More Feature-Rich Decentralized Token Trading Platform

The upcoming upgrade to version 5.0 will bring several significant changes to the Suiswap platform. One of the key features is the introduction of a decentralized token exchange that utilizes traditional liquidity pools, similar to Uniswap. This allows users to engage in permissionless and decentralized trading of tokens, such as SUI/USDC. Liquidity providers (LPs) can contribute assets to these pools and earn a portion of the trading fees generated by the platform.

Furthermore, Suiswap will introduce stablecoin liquidity pools inspired by Curve’s USDC/USDT pools. These pools aim to provide lower slippage and tighter spreads when trading stablecoins, offering an attractive option for both traders and LPs. For advanced traders, Suiswap will feature a central limit order book (CLOB) trading platform. This platform enables users to place limit orders, giving them greater control over their trades and potentially better prices compared to automated market makers (AMMs).

To enhance liquidity and minimize slippage, Suiswap will incorporate a decentralized aggregator that combines liquidity from both order books and liquidity pools. By pooling liquidity from multiple sources, Suiswap aims to create a more efficient and seamless trading experience for its users.

The introduction of the SSWP token ecosystem will play a crucial role within the Suiswap ecosystem. As the native token of the Suiswap protocol, the SSWP token will enhance the platform, protocol, and governance mechanisms. Users will have the opportunity to earn SSWP tokens through liquidity farming, staking platform tokens, and participating in yield farming, thereby actively engaging with the Suiswap ecosystem.

Sui, the underlying blockchain on which Suiswap operates, is a permissionless, layer-1, delegated proof-of-stake (dPoS) blockchain. Created to address issues like slow transaction speeds, high fees, security, and the development of Web3 apps, Sui provides a solid foundation for developers in the Web3 and NFT industries.

With the upcoming upgrade to Suiswap version 5.0, users can look forward to a more robust and feature-rich decentralized token trading platform. The introduction of the new dashboard system and the SSWP token ecosystem marks a significant step forward for Suiswap and reinforces its commitment to providing a secure, fast, and flexible trading experience within the SUI blockchain ecosystem.