One of the most significant suppliers of DeFi tools, Sushi, is implementing its products on Boba Network, which is the first multichain Layer-2 blockchain scaling platform and Hybrid Compute infrastructure. Boba will benefit from Sushi’s extensive catalog of products, which will be deployed there. The launch will begin with Legacy Swap, which was the first AMM that existed before Trident.
This will be swiftly followed by the Kashi margin lending platform, Bento Box, and Furo. In addition, Boba and Sushi have pledged to provide liquidity mining incentives for a period of one year following the deployment of the product in order to jumpstart usage and liquidity. The implementation will assist Boba in diversifying its DEX offering and attracting new liquidity.
Sushi is one of the DEXs with the most users and the most modern technology. It provides its users with a variety of trading instruments, including margin trading, limit orders, and specific yield possibilities. The platform presently contains a total value locked in excess of $900 million across all of its installations, and it processes an average of $350 million each week in terms of average volume.
An Overview: Sushi’s Suite Of DeFi Products
Sushi is developing a complete DeFi ecosystem that will include an AMM, a platform for leverage and margin trading, a token launchpad, and an NFT platform. Its protocol was designed to accommodate a diverse set of use cases, making it accessible to both seasoned DeFi users and beginners to the platform.
- Sushi Swap: A Multichain DEX
- Trident: Our new AMM framework
- xSushi: Our yield-bearing ecosystem token
- MISO: The most decentralized and open token launchpad
- Onsen: Sushi yield-farming as a service
- Kashi: Our lending and borrowing protocol
- Meowshi: Our yield-bearing cat token
Sushi is developing an all-encompassing DeFi ecosystem that will include an asset management module, a leverage and margin trading platform, a token launchpad, and an NFT artist platform. You can follow its social media accounts to stay abreast of its new launches and learn more about how you can maximize your cryptocurrency assets using Sushi’s secure and potent DeFi technologies.
A Wide Range Of Perks For Boba And Sushi Users
Deploying on Boba will provide Sushi investors with additional value via the xSUSHI profit sharing method, which deposits protocol fees from swaps and borrowing as additional Sushi tokens purchased on the market. Existing liquidity providers have the option of moving to Boba in order to gain higher farming returns. The Boba community will have access to some of the most reputable DeFi products available.
Meanwhile, the Sushi ecosystem will have access to new liquidity, new users, new developers, and new communities as a result of this integration. Transactions on the Boba Network are completed in a flash, and users pay transaction fees that are up to 60 times lower than those on Ethereum. Boba Network is also the world’s first multichain Layer-2 blockchain scaling solution and Hybrid Compute platform.
Hybrid Compute puts the power of Web2 on-chain, with smarter smart contracts that enable developers and artists to utilize off-chain compute and real-world data to deliver an experience unlike anything currently available. Sushi has indicated that it is thrilled to deploy its product suite to Boba, which will allow it to service an ever-expanding user base with all the required dApps for DeFi.
