Sushi DeFi Protocol Integrates Boba Network

Sushi DeFi Protocol Integrates Boba Network

Sushi's DeFi protocol integrates Boba Network

Sushi, a provider of DeFi tools like DEX SushiSwap, will deploy its products on the second-tier Boba Network. This was reported to ForkLog by representatives of the project.

Initially, the launch will begin with Legacy Swap, followed by the Kashi margin lending platform, Bento Box and Furo solutions.

As part of the partnership, Boba and Sushi have pledged to provide liquidity mining rewards for use within a year after the products are deployed.

«Boba and Sushi users will receive benefit from this integration as our community will be 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 the Enya solution behind the L-2 project.

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

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

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

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