Sushi to Launch Susa, a Decentralized Derivatives Platform on Layer N
Sushi is gearing up to launch Susa, a decentralized derivatives platform, on Layer N. Layer N is an Ethereum Layer 2 solution that aims to facilitate high-speed transactions. With its Nord Engine, Layer N promises transaction speeds of less than one millisecond and supports the development of various applications, including smart contracts and rollups.
Partnership with Layer N
Sushi’s Head Chef, Jared Grey, expressed excitement about the partnership with Layer N. He emphasized that it aligns with the decentralized finance (DeFi) spirit and highlights Layer N’s potential for greater capital efficiency and deeper liquidity. The modular rollup approach of Layer N leverages Ethereum’s security, providing added benefits for Sushi.
Layer N: An Ethereum StateNet
Layer N functions as an “Ethereum StateNet” that facilitates shared communication and liquidity among rollup nodes. The network has been undergoing tests and achieved impressive results, reaching 20,000 transactions per second (TPS) and a peak of 120,000 TPS. Notably, Layer N has garnered significant investment, including $5 million in seed funding co-led by Founder’s Fund.
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