• Sushi DeFi Heavyweight Visits Polkadot Moonbeam and Teases IDO and NFT Products

  • Sushi, a multi-blockchain AMM-powered decentralized finance (DeFi) protocol, has revealed the roadmap for its collaboration with Polkadot-based Moonbeam.

    Sushi is now available on Moonbeam.

    Sushi has entered into a long-term strategic collaboration with Moonbeam, a Polkadot (DOT) smart contracts platform tailored for various use cases, according to an official announcement shared by the Sushi team.

    Sushi debuts on Moonbeam after exploding on Ethereum and all mainstream EVM-compatible blockchains. Its well-known liquidity mining programs will go live today, on November 5, 2021.

    This collaboration will focus on a wide range of hot DeFi practices, including decentralized lending/borrowing, peer-to-peer swaps, and so on.

    As a result, the protocol simultaneously becomes “native” for Kusama, Moonriver, Ethereum, BSC, and Polygon Network (previously Matic Network).

    Moonbeam is getting IDOs, NFTs, and DeFi.

    Having said that, this collaboration is set to write a new chapter in the history of the Polkadot and Kusama liquidity ecosystems. It will also be a game changer in terms of interoperability between major smart contract platforms.

    The Sushi team has already shared some information about the next steps in its collaboration with Moonbeam. First and foremost, it will relocate its IDO module, MISO v2.

    Then, Shoyu, a digital collectibles platform, and Kashi, a lending/borrowing protocol, will be launched on a new blockchain for Sushi.

    Sushi is now ranked #8 among DeFis by total volume of assets locked (TVL), with $5.08 billion injected by users, according to the DeFi Pulse dashboard.

    What's your reaction?