Sushi - Page 3
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The Sushi Community Is Cooking Up An NFT Platform
SushiSwap will likely add an NFT platform soon. The decentralized exchange for swapping Ethereum-based tokens has been branching out into a one-stop shop for DeFi, with spin-off protocols for lending (Kashi), dapp usage (BentoBox), and yield farming (Onsen). Now with Shoyu, NFTs are being added to the mix. The platform was proposed to the Sushi…
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Proposal to Build Sushichain Catches Eyeballs, Raises Eyebrows
First came the tweet, then countless discussions and debates followed. Within days, voila! A governance proposal materialized. This pattern is rapidly becoming the norm for DeFi protocols. This time the initiator was Sam Kazemian, the founder of Frax Finance, a protocol for a fractional-algorithmic stablecoin. His tweet suggested that Sushiswap, the automated market maker, should…
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DeFi Pulse Index Adds Sushi
The DeFi Pulse Index (DPI) has added Sushiswap’s Sushi token to its set of assets. DPI now includes 12 tokens, with Sushi comprising 8% of the index’s total value. The only three project’s with tokens representing higher allocations are Uniswap, Aave, and Synthetix, with 30, 19, and 13% respectively. The projects launched within a month…
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DEX Project Proposes Porting SushiSwap to Solana
The SushiSwap community is now voting on a proposal to build SushiSwap on the Solana blockchain using the Solana-based Raydium DEX as a bridge. Raydium proposes “acting as a bridge and partner for SushiSwap’s expansion onto Solana,” allowing SushiSwap to access additional liquidity from Serum and leverage the chain to increase transaction fees and lower…
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SushiSwap is Largest Target in Yearn Merger Wave
SushiSwap is the latest DeFi project to combine forces with Yearn Finance as Andre Cronje’s protocol continues with its merger spree to expand services to the addressable market. As the announcement became public, there were no remarkable price jumps $SUSHI on the day of the announcement, however, it kept its price around $1-$2, a 98%…
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SushiSwap Drains Uniswap Liquidity. Still, Everyone Won
DeFi experienced what seemed like its first-ever hostile takeover today, except instead of stock buyouts and management shakedowns, it was driven by users switching platforms following their own economic incentives. Crypto capitalism at its finest. 1) well the migration is done; sushiswap is livehttps://t.co/c2JGZJ65Ch — SBF (@SBF_Alameda) September 9, 2020 SushiSwap, a fork of Uniswap,…