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Sushi is coming to Boba Network!

We’re happy to announce that Sushi, formerly known as Sushiswap or simply SUSHI is coming to Boba Network! Let us do a deeper dive into what’s cooking (pun intended) here and our plans for the future!

Would You Like Some Sushi With That Boba?

To say we’re excited about this news is probably an understatement: one of the biggest names in the DeFi space and the first multichain Layer 2 blockchain scaling solution, working together?

Sushi is coming to Boba, bringing over all of their products – this sounds like so much fun!

We’ve asked Alan Chiu, CEO of Enya, the core contributor to Boba Network, his thoughts about this collaboration: “Sushi is one of DeFi’s OGs, so naturally we’re excited to welcome it to Boba. Both Boba and Sushi users will benefit from this integration, as the Boba community will get to use some of the most trusted DeFi products out there, while the Sushi ecosystem will tap into new liquidity, new users, new developers, & new communities.”

Sarang Parikh, lead developer at Sushi shared the sentiment: “We are excited to deploy our product suite to Boba, which allows us to serve an ever growing user base with all the dApps a DeFi user needs. We can’t wait to make Sushi scalable.”

Get ready: the full menu!

You are probably wondering: what will Sushi and Boba look like together? “Tasty” is the first word coming to mind – other than that, as said earlier, we’ll be receiving the whole Sushi experience. Want to check the full menu?

To start with the entrees: for the launch, the Sushi team will begin with Legacy Swap (the original, pre-Trident AMM), which will quickly be followed by the Kashi margin lending platform, Bento Box and Furo.

For those of you who are new to Sushi, check out what we’ll be enjoying soon:

  • Legacy Swap: Legacy Swap is an AMM (automated market maker) decentralized exchange, allowing users to swap cryptocurrencies without a central authority.
  • Kashi: Kashi is a lending and margin trading platform, built on the BentoBox, allowing anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stable coins, and synthetic assets.
  • BentoBox: Also referred to as Bento, this token vault generates yield for the capital deposited into it.
  • Furo: Furo is a decentralized payments streaming platform that allows any DAO to automate their contributor payments and their token vesting schedule.

Hey, what about the dessert?

Don’t worry – we haven’t forgotten the dessert: as Sushi is one of the most popular and advanced DEXs, currently with more than $900M in total value locked across its deployments and an average volume of $350M a week, we can expect a great user experience for everybody trading on Boba Network.

Deploying on Boba will offer additional value to SUSHI holders through the xSUSHI revenue sharing mechanism, which deposits protocol fees from swaps and borrowing as additional SUSHI tokens bought from the market. Existing liquidity providers can also move to Boba to obtain larger farming yields.

Last but not least: Boba Network and Sushi have committed to providing liquidity mining rewards for a year post-deployment to bootstrap liquidity and usage. The deployment will help Boba diversify its DEX offering and attract new liquidity.

The future looks exciting: stay tuned for more Sushi-related news!

Sushi is coming to Boba Network!

We’re happy to announce that Sushi, formerly known as Sushiswap or simply SUSHI is coming to Boba Network! Let us do a deeper dive into what’s cooking (pun intended) here and our plans for the future!

Would You Like Some Sushi With That Boba?

To say we’re excited about this news is probably an understatement: one of the biggest names in the DeFi space and the first multichain Layer 2 blockchain scaling solution, working together?

Sushi is coming to Boba, bringing over all of their products – this sounds like so much fun!

We’ve asked Alan Chiu, CEO of Enya, the core contributor to Boba Network, his thoughts about this collaboration: “Sushi is one of DeFi’s OGs, so naturally we’re excited to welcome it to Boba. Both Boba and Sushi users will benefit from this integration, as the Boba community will get to use some of the most trusted DeFi products out there, while the Sushi ecosystem will tap into new liquidity, new users, new developers, & new communities.”

Sarang Parikh, lead developer at Sushi shared the sentiment: “We are excited to deploy our product suite to Boba, which allows us to serve an ever growing user base with all the dApps a DeFi user needs. We can’t wait to make Sushi scalable.”

Get ready: the full menu!

You are probably wondering: what will Sushi and Boba look like together? “Tasty” is the first word coming to mind – other than that, as said earlier, we’ll be receiving the whole Sushi experience. Want to check the full menu?

To start with the entrees: for the launch, the Sushi team will begin with Legacy Swap (the original, pre-Trident AMM), which will quickly be followed by the Kashi margin lending platform, Bento Box and Furo.

For those of you who are new to Sushi, check out what we’ll be enjoying soon:

  • Legacy Swap: Legacy Swap is an AMM (automated market maker) decentralized exchange, allowing users to swap cryptocurrencies without a central authority.
  • Kashi: Kashi is a lending and margin trading platform, built on the BentoBox, allowing anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stable coins, and synthetic assets.
  • BentoBox: Also referred to as Bento, this token vault generates yield for the capital deposited into it.
  • Furo: Furo is a decentralized payments streaming platform that allows any DAO to automate their contributor payments and their token vesting schedule.

Hey, what about the dessert?

Don’t worry – we haven’t forgotten the dessert: as Sushi is one of the most popular and advanced DEXs, currently with more than $900M in total value locked across its deployments and an average volume of $350M a week, we can expect a great user experience for everybody trading on Boba Network.

Deploying on Boba will offer additional value to SUSHI holders through the xSUSHI revenue sharing mechanism, which deposits protocol fees from swaps and borrowing as additional SUSHI tokens bought from the market. Existing liquidity providers can also move to Boba to obtain larger farming yields.

Last but not least: Boba Network and Sushi have committed to providing liquidity mining rewards for a year post-deployment to bootstrap liquidity and usage. The deployment will help Boba diversify its DEX offering and attract new liquidity.

The future looks exciting: stay tuned for more Sushi-related news!