March 4, 2024

Sushi DeFi Protocol Integrates Boba Network

Sushi DeFi Protocol Integrates Boba Network

Sushi, a provider of DeFi tools like the SushiSwap DEX, will deploy its products on the Boba Network's second layer network. About itForkLog was informed by representatives of the project.

The launch will initially 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 rewards for liquidity mining when they are used for a year after the products are deployed.

«Boba and Sushi users will benefit fromthis integration as our community will have the opportunity to use multiple trusted DeFi products. At the same time, the Sushi ecosystem will receive new liquidity, new users and developers,” said Alan Chiu, CEO of the Enya solution behind the L-2 project.

According to the statement, Sushi has more than $900 million in value of locked assets, with a weekly trading volume of approximately $350 million.

The project was launched in 2020, when DEX SushiSwap began working on the protocol, which became a fork of Uniswap.

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Recall that in April, the Boba Network platform raised $45 million at a $1.5 billion valuation.

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