Susa: A Decentralized Derivatives Exchange on Layer N
Sushi is preparing to launch Susa, its new decentralized derivatives exchange, on the Layer N platform. This initiative aims to tackle the performance challenges faced by decentralized finance (DeFi).
Susa and Layer N’s Nord Engine
Susa plans to enhance decentralized trading by integrating Layer N’s Nord Engine, which addresses scalability and speed issues in DeFi platforms. Sushi’s Head Chef Jared Grey expressed excitement about partnering with Layer N, stating that it combines their expertise to develop superior products. By leveraging Layer N’s modular approach to rollups, Susa aims to provide greater capital efficiency and deeper liquidity while ensuring Ethereum’s security.
Sushi and ZetaChain Enable Native Bitcoin Trading
In November 2023, Sushi collaborated with ZetaChain to introduce native Bitcoin trading. This partnership allows seamless Bitcoin swaps across 30 networks without the need for traditional wrapping into ERC-20 tokens. ZetaChain’s layer 1 blockchain and Omnichain Smart Contracts enable efficient cross-blockchain transactions for various digital assets, marking a significant step towards DeFi 3.0.
Conclusion
Susa’s upcoming launch on Layer N demonstrates Sushi’s commitment to innovation in the DeFi space. By leveraging Layer N’s technology and collaborating with ZetaChain, Sushi aims to improve the efficiency and reliability of decentralized trading while expanding its ecosystem.
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