Infamous decentralized exchange (DEX) SushiSwap has developed a new user interface for its protocol, revealed soon after their merger with Yearn Finance.
On Twitter, creator and developer Andre Cronje shared several screenshots depicting the DEX’s new design. Soon after, SushiSwap published new details and explained what is coming next for not only its ‘bento offering’ but for oracles as well.
On Tuesday, Andre Cronje published a new blog post on his Medium account. The developer revealed a merger between Yearn Finance and SushiSwap, which will from now on collaborate together. Only a day later Cronje has again revealed new details, depicting the changes that SushiSwap will bring to its platform.
The new screenshots show a unique and artistic design of Sushiswap’s Bento Box. The Bento Box serves as the platform’s primary lending solution, created to rival with protocols such as Compound and Aave. Similar to previous changes regarding the user interface, the SushiSwap team has once again created a user-friendly design.
In the space of DeFi, developers believe that a user interface should be clean, easy to use, and more than anything simple. Since new users find decentralized instruments to be incredibly complex, platforms have started to focus on improving user experience.
SushiSwap Bento Box user interface – New oracle design?
Later on, a Tweet by the official SushiSwap account shared incredible details regarding the Bento Box. In light of recent events, the team decided to enable users to pick their own oracle when creating loans. On launch, the lending section will offer Chainlink, Compound, pegged oracles, Third Party oracles, and Band Protocol.
As Defiye previously reported, Compound encountered a serious liquidation cascade last week. On November 26, the DAI stablecoin’s price surged by 30% in a matter of minutes on Coinbase.
As Compound only used Coinbase for reporting the DAI price, the spike affected a majority of users who had loans at the time. In total, the error led to $103 million in liquidations.
Both the Chainlink and Uniswap CEOs have voiced their concerns in the meantime. For example, Chainlink’s Sergey Nazarov has again issued a statement regarding oracle flexibility and why developers have to focus on data quality.
For Chainlink, a single or even several oracle sources will not do the job. Instead, protocols should utilize a reliable and accurate oracle network to ensure maximum price stability.
Seeing what has happened, Yearn and Sushi developers may have likely thought of resolving the issue by leaving room for users to choose. As we now see, the Bento Box will offer numerous oracle providers. By doing so, the lending platform can not only improve stability but stay on par with Compound, if not replace them.
Based on the replies, we see that the DeFi community has welcomed the new update. While some may not agree with the design choice, the majority is grateful for the lending platform’s solution for oracles.
The so-called ‘LINK Marines,’ Chainlink community members, seem to like the oracle feature the most. But will the fervorous oracle enthusiasts decide to switch to SushiSwap now?