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:
“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!
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.
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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.