Sushi, one of the top DeFi application ecosystems measured by Total Value Locked (TVL), number of users, and trading volume, is joining the Kava Network.
The deployment of Sushi on the Kava Network opens for DeFi users a new suite of DeFi products that provide high-yield farming with maximum efficiency and speed.
As part of this partnership, Sushi and the Kava Ignition Fund will allocate up to $7M over 90 days for a combined $14M. The daily rewards will be split equally between SUSHI and KAVA. A specific date for the start of incentives will be communicated soon.
Sushi Brings More TVL, Users, and Innovation to the Kava Network
Sushi delivers a robust Blue Chip DeFi products menu with sustainable and lucrative rewards for DeFi users. The ecosystem currently holds over $2.1B in TVL with over 30K monthly users and 14.74K asset trading pairs.
The SushiSwap DEX has deployed on more than 13 different blockchains, bringing a wide variety of SUSHI incentives to the ecosystem. The Kava Network will be one of the first chains to provide SUSHI incentives beyond the Ethereum mainnet and into the Cosmos ecosystem.
The $750M Kava Rise incentives program is empowering developers on Sushi to build exciting new DeFi applications and opportunities for users. In turn, the Sushi community will benefit from fresh yield generating prospects, especially when The Kava Network launches its Ethereum Bridge. For the first time, Sushi users and developers will have seamless access to the entire $300B market value of Ethereum and Cosmos, all from a single network.
Sushi’s Roadmap — An Expanding Interoperable Ecosystem
Sushi has big plans for the road ahead, though it’s worthwhile to look at what’s already been accomplished by this leading DeFi Blue Chip.
Sushi has expanded its offerings with Shōyu, Trident, and various ecosystem upgrades in the past year. The ecosystem has also partnered with Ethereum Layer-2 innovators like Polygon, Arbitrum, and Optimism.
Recent partnerships also include Harmony, xDai, Binance Smart Chain, Fantom, Moonbeam, OlympusDAO, and Avalanche — And that’s only to name a few. Plans for Sushi to integrate with other chains are underway.
“Sushi is one of the top DeFi protocols in Ethereum and the entire industry. Combining Kava’s Co-Chain abilities with Sushi’s dedicated community of builders and suite of DeFi Blue Chip applications will press the entire ecosystem forward.” –Scott Stuart, CEO of Kava Labs.
“The Kava Network is the only protocol building a seamless execution environment for Cosmos and Ethereum while also rewarding builders with direct ownership of the network. We admire that dedication to builders and look forward to working together with Kava to do great things in the DeFi space.”–Sushi team.
Blue Chip DeFi Protocols #BUIDL Together.
As part of the Kava Rise program and the Kava 10 mainnet launch, the Kava Network will work closely with Sushi and other leading projects for interoperable DeFi and Web3 experiences.
The upcoming launch of the Kava Network Ethereum Bridge will help bring a diverse set of strong liquidity incentives to the program, combined with a seamless user experience for DeFi protocols to join the Kava Network.
A specific launch date for Sushi on the Kava Network is coming soon, along with a tutorial on wrapping KAVA, using wKAVA in the Sushi ecosystem, and claiming your rewards.
For more information on Sushi, please visit its Website and Twitter.
Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.
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