Sushi DeFi Protocol Integrates Boba Network
- September 6, 2022
- 0
Sushi, a provider of DeFi tools like DEX SushiSwap, will distribute its products on the second-tier Boba Network. This was reported to ForkLog by project representatives. The launch
Sushi, a provider of DeFi tools like DEX SushiSwap, will distribute its products on the second-tier Boba Network. This was reported to ForkLog by project representatives.
The launch will start with Legacy Swap, followed by Kashi margin lending platform, Bento Box and Furo solutions.
As part of the partnership, Boba and Sushi have pledged to provide liquidity mining rewards to be used for one year after the products are distributed.
“Boba and Sushi users will benefit from this integration as our community is able to use several trusted DeFi products. At the same time, the Sushi ecosystem will receive new liquidity, new users and developers,” said Alan Chiu, CEO of Enya, the company behind the L-2 solution project.
According to the statement, Sushi has a weekly trading volume of approximately $350 million and a locked asset value of more than $900 million.
The project was launched in 2020, when DEX SushiSwap started working on the protocol, which became a fork of Uniswap.
Recall that in April, the Boba Network platform raised $45 million at a valuation of $1.5 billion.
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Source: Fork Log
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