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.
