Sushi DeFi Protocol to Integrate With Boba Network

Sushi, a provider of DeFi tools such as the DEX SushiSwap, will deploy its products on layer-2 networks of the Boba Network. ForkLog has learned from project representatives.

Initially, the rollout will begin with Legacy Swap, followed by the margin-lending platform Kashi, and the Bento Box and Furo solutions.

Under the partnership, Boba and Sushi have pledged to provide liquidity mining rewards for their use for a year after deployment.

“Users of Boba and Sushi will benefit from this integration, as our community will gain access to several reliable DeFi products. At the same time, the Sushi ecosystem will gain new liquidity, new users and developers,” said Alan Chi, CEO of Enya, the company behind the L2 solution.

According to the statement, Sushi has more than $900 million in total value locked, with weekly trading volume of about $350 million.

The project launched in 2020, when the protocol spawned the DEX SushiSwap, a fork of Uniswap.

In April, the Boba Network raised $45 million at a valuation of $1.5 billion.

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