SushiSwap to Launch Full Suite of Products on Harmony Network Backed by $4M in Incentives
MOUNTAIN VIEW, CA / ACCESSWIRE / June 24, 2021 / The initial partnership between Harmony and Sushi Swap was announced in April deploying natively on Harmony, enabling swapping and providing liquidity with 2-second speed and less than $0.001 fees.
Today, Harmony is announcing that they are coming together with Sushi to deepen their partnership and launch a full suite of Sushi products on Harmony. This is timely with Harmony celebrating its 2 year mainnet anniversary on June 28th, with 59+ million blocks, 24+ million transactions, 128,000+ accounts, 50+ apps.
Following the extended partnership, Sushi will deploy its Kashi dApp and BentoBox on the Harmony ecosystem. To promote the dApp, both platforms will launch a $2 million reward program consisting of $1 million in ONE and $1 million in 1SUSHI tokens. To further their mission of building a scalable cross-chain finance stack, Harmony and Sushi will also launch a $2 million liquidity mining incentive. The campaign will run for a year with $1 million in ONE and $1 million in 1SUSHI distributed among users quarterly.
“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance. As our mainnet matures, we are onboarding more key DeFi primitives that will enable access to many new communities and we are excited to work with Sushi on this journey”, said Stephen Tse, founder of Harmony
“We are excited to work with Harmony to expand Sushi as the leading DeFi ecosystem in a multi-chain future. We can’t wait to see how new developers and users engage with the Sushi ecosystem on Harmony as we continue to grow Sushi for everyone”, said 0xMaki, Sushi Chef
As their suite of products grows to serve the broader needs of the Defi community, this partnership will bring the full suite of Sushi products and extend into the Harmony ecosystem.
Sushi and Harmony are coming together to build a strong cross-chain finance stack. Their goal is to bring new developers (web2+web3) to build on Harmony, and more specifically utilise and build on top of Sushi’s growing product suite.
About Harmony
Build on ONE, run on all chains.
Harmony is your open platform for assets, collectibles, identity, governance. Be the ONE to bridge to all blockchains.
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance, and other chains. https://www.harmony.one/
About Sushi
Be a DeFi Chef with Sushi. Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform. Welcome home to DeFi. https://sushi.com/
CONTACT:
Dan Edelstein
pr@marketacross.com
+972-545-464-238
SOURCE: Harmony
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https://www.accesswire.com/652982/SushiSwap-to-Launch-Full-Suite-of-Products-on-Harmony-Network-Backed-by-4M-in-Incentives