The founder of YFI announced that Yearn will merge with Sushiswap, and the SUSHI price has surpassed $1.7
Summary:
2020-12-03 14:15:38
Collection
Rhythm BlockBeats news, on December 1, YFI founder AC announced that Yearn will merge with Sushiswap.
Here are the details from AC regarding the merger between Sushiswap and Yearn Finance:
- Sushiswap and Yearn will merge development resources;
- Total locked value of Sushiswap and Yearn will increase;
- Sushiswap will launch Deriswap after the merger is completed;
- Keep3r will be integrated into Sushibar v2;
- Yearn's strategy will drive Sushiswap forward;
- Yearn will help create the xSushi vault for users to earn SUSHI-ETH-YFI-wBTC;
- Keep3r will transfer the entire vault as liquidity to Sushiswap KP3R/ETH (approximately $11 million);
- Keep3r will execute on-chain limit orders, stop-loss, and take-profit functions for Sushiswap LP;
- Keep3r will provide gasless transactions for Sushiswap trading through MetaWallet;
- SushiSwap will participate in stealth projects after the Deriswap launch together with Yearn;
- A Sushiswap money market will be launched using SUSHI LP as collateral;
- Cream Protocol will provide liquidity for Bento Box;
- Cover protocol will launch using SUSHI as insurance, allowing covSUSHI to cover individual trading pairs such as CLAIM-SUSHI-WETH-WBTC;
- SUSHI tokens and governance will remain unchanged;
- 0xMaki will be responsible for Yearn's AMM department.
Risk warning
Risk warning
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