You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Sushi’s Decentralized Derivatives Exchange Susa to Launch on Layer N

Sushi is gearing up to introduce its latest decentralized derivatives exchange, Susa, on the Layer N platform. This endeavor aims to tackle the existing performance issues within decentralized finance.

As outlined in a recent blog post by Susa, the platform is geared towards enhancing the efficiency and dependability of decentralized trading through the utilization of Layer N’s technology. This partnership aims to minimize the performance disparity between decentralized and centralized exchanges.

Susa and Layer N’s Nord Engine

Susa’s strategy for enhancing decentralized trading centered on incorporating Layer N’s Nord Engine, a specialized solution crafted to tackle the scalability and speed challenges commonly encountered in DeFi platforms.

“Sushi is delighted to collaborate with Layer N, as we wholeheartedly embrace the ethos of decentralized finance (DeFi) by synergizing our expertise to craft superior products,” remarked Sushi’s Head Chef, Jared Grey.

“Layer N’s modular rollup approach unlocks enhanced capital efficiency and deeper liquidity, all while harnessing Ethereum’s security,” Grey added. “As perpetual DEXs currently occupy a small market share, the launch of Susa underscores our commitment to innovation.”

By leveraging the StateNet architecture from Layer N, Susa aimed to empower developers with the capability to construct anything from basic smart contracts to comprehensive rollups, fostering a vibrant ecosystem around Susa.

“Sushi has remained a cornerstone of DeFi protocols for years, and we are excited to bolster their journey into the future,” remarked Dima Romanov, co-founder and CEO of Layer N. “We eagerly anticipate Susa being among the pioneer rollup nodes to debut on Layer N.”

“Positioned to become a major player in the decentralized perpetual exchanges realm and cultivate one of the largest ecosystems, Susa holds tremendous potential,” Romanov concluded.

Sushi and ZetaChain Introduced Native Bitcoin Trading

In November 2023, Sushi forged a partnership with ZetaChain to unveil native Bitcoin trading, enabling effortless Bitcoin swaps across 30 networks without the need for traditional wrapping into ERC-20 tokens.

ZetaChain’s layer 1 blockchain facilitated efficient cross-blockchain transactions through its Omnichain Smart Contracts, catering to a diverse range of digital assets. This collaboration marked a significant stride towards DeFi 3.0, presenting a permissionless trading platform for native Bitcoin.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

OKX and Polygon Collaborate to Launch X Layer Public Mainnet
16.04.2024By
Curve Founder Nearly Liquidated During Weekend Crypto Crash
16.04.2024By
Ethereum Suffers Most Hacks Among Blockchains in 2024
16.04.2024By

Latest news

OKX and Polygon Collaborate to Launch X Layer Public Mainnet
16.04.2024
Curve Founder Nearly Liquidated During Weekend Crypto Crash
16.04.2024
Ethereum Suffers Most Hacks Among Blockchains in 2024
16.04.2024
BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant
16.04.2024
Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender
16.04.2024
Winklevoss Twins Invest $4.5M in Crypto Podcaster Peter McCormack’s Football Club
15.04.2024
Investor Caution Persists as Digital Asset Investment Products See $126M in Outflows
15.04.2024
Bitcoin Shows Resilience Compared to Broader Crypto Market Despite Sell-Off: Fineqia
15.04.2024
DeFi-Focused Berachain Raises $100M in Funding Round Led by Brevan Howard Digital
15.04.2024
Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds
15.04.2024