The founder of YFI announced that Yearn will merge with Sushiswap, and the SUSHI price has surpassed $1.7

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.