{"id":10585,"date":"2024-02-09T19:49:50","date_gmt":"2024-02-09T17:49:50","guid":{"rendered":"https:\/\/forklog.com\/en\/sushiswap-launches-derivatives-exchange-susa\/"},"modified":"2024-02-09T19:49:50","modified_gmt":"2024-02-09T17:49:50","slug":"sushiswap-launches-derivatives-exchange-susa","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sushiswap-launches-derivatives-exchange-susa\/","title":{"rendered":"SushiSwap Launches Derivatives Exchange Susa"},"content":{"rendered":"<p>The <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span> SushiSwap team has announced the launch of a decentralized derivatives exchange, Susa, built on the Layer N L2 solution.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing Susa, a perpetual DEX by <a href=\"https:\/\/twitter.com\/SushiSwap?ref_src=twsrc%5Etfw\">@SushiSwap<\/a> and <a href=\"https:\/\/twitter.com\/LayerN_Official?ref_src=twsrc%5Etfw\">@LayerN_Official<\/a>.<\/p>\n<p>\u26a1\ufe0f LayerN&#8217;s Nord Engine featuring over 100k TPS &#038; <1ms latency<br \/>? Unprecedented user-centric features<br \/>? CEX\/CeFi Experience<\/p>\n<p>Sign up: <a href=\"https:\/\/t.co\/2QZRvH4p09\">https:\/\/t.co\/2QZRvH4p09<\/a><\/p>\n<p>Blog: <a href=\"https:\/\/t.co\/RbkQvi5jnQ\">https:\/\/t.co\/RbkQvi5jnQ<\/a> <a href=\"https:\/\/t.co\/AGO1ZN4E6n\">pic.twitter.com\/AGO1ZN4E6n<\/a><\/p>\n<p>\u2014 Susa (@susa_ex) <a href=\"https:\/\/twitter.com\/susa_ex\/status\/1755973127857660294?ref_src=twsrc%5Etfw\">February 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the announcement, Susa employs the Nord Engine stack, enabling the platform to process &#8220;over 100,000 transactions per second with latency periods of less than 1 millisecond.&#8221; Developers believe this transaction speed will allow the exchange to compete with centralized counterparts in terms of performance.<\/p>\n<p>Susa can leverage the StateNet ecosystem architecture from Layer N to create non-custodial applications on top of the main platform\u2014from simple smart contracts to complex rollups.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLayer N&#8217;s modular approach to aggregation ensures higher capital efficiency and liquidity while utilizing Ethereum&#8217;s security. This approach perfectly aligns with the modular network strategy gaining momentum in the DeFi space,\u201d stated SushiSwap&#8217;s &#8220;head chef&#8221; Jared Grey.<\/p>\n<\/blockquote>\n<p>Susa is set to become one of the first exchanges to launch as a StateNet node. Initially, the platform will offer perpetual contracts, with plans to later add spot and &#8220;exotic&#8221; markets, DEX representatives highlighted.<\/p>\n<p>Layer N is a second-layer solution designed as a network of customizable and optimized rollups based &#8220;on a common communication and liquidity layer.&#8221; The project&#8217;s main goal is to scale decentralized financial applications. Previously, the startup closed a $5 million seed round led by Peter Thiel&#8217;s venture firm Founders Fund.<\/p>\n<p>Back in September 2023, SushiSwap announced its expansion to the Aptos first-layer blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DEX SushiSwap team has announced the launch of a decentralized derivatives exchange, Susa, built on the Layer N L2 solution. Announcing Susa, a perpetual DEX by @SushiSwap and @LayerN_Official. \u26a1\ufe0f LayerN&#8217;s Nord Engine featuring over 100k TPS &#038;<\/p>\n","protected":false},"author":1,"featured_media":10584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,787,1379],"class_list":["post-10585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-dex","tag-sushiswap"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10585"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10584"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}