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
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.
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