Continuing DeFi Summer: SushiSwap is live on Polygon with 30M USD in Liquidity Rewards

SushiSwap is live on Polygon, 30 Million USD in rewards for six initial major pairs (15M$ SUSHI and 15M$ MATIC)

Polygon is excited to announce the launch of joint Liquidity Mining on SushiSwap, one of the premier DEXs in the Ethereum Ecosystem recently launched on Polygon. SushiSwap was the original inspiration for the paradigm of Yield Farming, and has grown to a massive 5B$ TVL (Total Value Locked) in a short span of 8 months. While Sushi is pursuing a multi-chain vision that aligns with Polygon, we are glad to see that the community has decided to double down on Polygon.

Scaling Access to DeFi

Sushiswap has done incredible work improving access and helping new projects launch with innovative programs like Onsen. With new groundbreaking innovations like Kashi lending, BentoBox vaults, MISO launchpad and a multi-chain vision, the future is exciting for DeFi accessibility.

Polygon is also working to simplify access to the decentralized world with a strong focus on user experience. With smooth transitions from Ethereum to Polygon, support for Fast Exits and Deposits, ecosystem-native mobile apps, and a user-friendly SDK combined with the lowest txns speeds and fastest confirmation times in an EMV-compatible chain.

We’re pleased to accelerate this growth and work alongside Sushi for a 30M$ Liquidity Mining Program that starts on 7 May. The initial pools to be incentivized will be:

ETH-MATIC

ETH-WBTC

ETH-USDC

ETH-USDT

ETH-DAI

ETH-AAVE

Polygon is quickly becoming a preferred L2 for Ethereum. We have noticed the amount of traction that Polygon has been getting and the transaction experience that it provides and Sushi wants that experience for our community. Polygon will enhance Sushi’s ability to be the only multichain AMM. - Joseph Delong, CTO, Sushi.com

Sushi revolutionized how we look at liquidity and farming, and we’re extremely thrilled to have SushiSwap’s innovations on Polygon. We’re sure the Polygon community will enjoy trading, lending and using SushiSwap with near-zero fees and a superior user experience.”- Sandeep Nailwal, Co-Founder, Polygon

The Future of Adoption

Sushiswap’s Multi-Chain vision closely aligns with Polygon’s vision of application-specific blockchains. We believe Sushiswap and Polygon can work closely to create better infrastructure to support mainstream blockchain adoption, and make DeFi accessible to everybody!

About Sushiswap

SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain.

In addition to DEX, SushiSwap involves a collection of governance, operations and reward contracts that help grow the SushiSwap ecosystem and utilization.

Website | Twitter | Telegram | Reddit

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 200+ Dapps, ~35M txns, and ~450K unique users.

More from the Polygon Blog
EY and Polygon to co-develop Ethereum scaling solutions for enterprises and launch Polygon Nightfall - a privacy-focused Rollup

14th September - EY, a global professional services and technology firm, is collaborating with Polygon on building and implementing scaling and enterprise solutions for the Ethereum ecosystem. As part of this collaboration, EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain […]

Read More
Polygon: First Scaling Solution for Coinbase

The Protocol team was recently established at Coinbase to work on scaling Ethereum through integration with L2 and other ETH scaling solutions. The Coinbase team plans to integrate Polygon PoS as their first scaling solution for Coinbase. The Coinbase Protocol team is an experienced group of engineers at Coinbase focused on contributing to scaling blockchains and […]

Read More
Hermez Network is Joining Polygon and Becoming Polygon Hermez via the First Full-Blown Merger of Two Blockchain Networks

We are proud and excited to announce that Hermez, one of the most prominent zero-knowledge (ZK) cryptography-based scaling projects and teams, will be joining Polygon. Starting today, we will initiate the process of merging Hermez into the Polygon ecosystem, where it will be operating under the new name: Polygon Hermez. Polygon Hermez will become a part of […]

Read More
Polygon Bug Bounty Program Is Live On Immunefi!

Polygon’s bug bounty program on Immunefi, DeFi's leading bug bounty platform, is now live with a maximum bounty of $2,000,000. If you are a security researcher looking to venture out into the blockchain space, this is your chance to understand how things function. This bug bounty program is focused on smart contracts with an essential […]

Read More
Meet Polygon Team At Messari Mainnet!

Polygon team members will be speaking at Messari Mainnet in New York City on September 21-22. We also have a booth at the conference, so come meet us and learn about Polygon! Here are some of the talks you can’t miss: On September 21, at 2:20 pm, Dean Thomas, Head of Institutional Capital, will speak […]

Read More
What do you prefer - Maximum Security or Cheaper Transactions?

The Ethereum scaling solutions space has been heating up lately. Which is a good thing, because Ethereum (and its community) needs scaling as soon as possible. As you know, Polygon's mission is to develop various kinds of Ethereum scaling solutions, from sidechains to rollups (and more). But all these solutions come with trade-offs. There's no […]

Read More
crossmenuchevron-down-circle