Earlier this yr, Kava shook up the L1 business with its Ethereum Co-Chain launch, sparking the quickest development of protocols on any blockchain in 2022. At present, tier-1 DeFi protocol Sushi combines its deployment to Kava with an as much as $7M matching rewards plan alongside their elegantly redesigned Sushi 2.0 person interface.
Offering liquidity to Sushi’s wKAVA/USDC pool deployed to the Kava EVM can be eligible for KAVA and SUSHI token rewards. Sushi’s deployment additionally permits customers to create new swimming pools with different asset pairs, particularly after the Kava 11 improve and the Ethereum bridge later this yr. These actions place Sushi as the first decentralized trade (DEX) on the Kava EVM.
“Kava is a 100% growth-oriented blockchain fueled by the Kava Rise incentives program. Sushi has believed on this program from the beginning and was an early pioneer. At present, I’m excited to announce that Sushi additionally selected Kava to premier a one-of-a-kind DeFi person expertise. Kava goals to onboard and have interaction extra protocols than all the opposite L1 networks. Kava will attain that aim with visionary companions like Sushi.” – Scott Stuart, CEO of Kava Labs.
“We’re grateful to be part of what we think about an thrilling new blockchain infrastructure. We’re humbled to be included as one of many first DEXes on the Kava chain. We consider Kava’s give attention to development and connecting with every kind of tasks to assist them develop by the Kava Rise program is the most effective method. Unveiling our new UI for the time being of this deployment is a testomony to the significance of mixing our forces.” – The Sushi crew.
Sushi and Kava’s partnership milestone is made doable by Kava Rise, a $750M rewards program designed to push 10x development on the Kava blockchain. Being part of Kava Rise means all Sushi swimming pools on Kava will accumulate programmatic, on-chain rewards for the Sushi protocol.
Alongside its deployment to Kava and introduction to the Kava Rise program, Sushi implements a brand new UI designed to enhance the person expertise, bettering the person expertise for Sushi’s most-used apps — Trident, Furo, and BentoBox. All of those dApps can be accessible from the Kava EVM and eligible for accumulating Kava Rise incentives for the Sushi protocol.
Sushi is an Ethereum-based decentralized protocol that delivers a strong suite of DeFi purposes. The Sushi ecosystem at present holds over $1.5B in Whole Liquidity with greater than 150K Sushi token holders and 15.68K asset buying and selling pairs. Customers can work together with Sushi on 20+ wallets and 15 supported blockchains.