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Sushi ustvarja zgodovino DeFi z Native Bitcoin na ZetaChain
Source: Adobe / DavidDecentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain.
The move, announced by Sushi in a blog objava on Thursday, will allow users to seamlessly swap BTC across 30 different networks without the need for “wrapping” the coin as an ERC-20 token, as is the practice on the Ethereum network.
Sushi se širi na @zetablockchain, prva veriga blokov L1, združljiva z EVM, ki povezuje vse!
Materni $ BTC Swap
Prva uvedba Testneta
v2 in v3 AMM na glavnem omrežju
Medverižna zamenjava v 30 verigah
Spremljajte več posodobitev!
Blog: https://t.co/fYAtPChbuP pic.twitter.com/yg8N6fFPVb
— Sushi.com (@SushiSwap) November 16, 2023
ZetaChain, a layer 1 blockchain and developer platform, boasts itself as the “only blockchain you’ll ever need.”
Its Omnichain Smart Contracts enable cost-effective, efficient, and secure transfers of digital assets across various blockchain networks.
The blockchain platform has in the past introduced the innovative ZRC-20 token standard, facilitating the development of native cross-chain applications that engage in transactions with various tokens, including Bitcoin and Ethereum-based ERC-20 tokens.
The collaboration between Sushi and ZetaChain aims to usher in DeFi 3.0, presenting users with a decentralized and permissionless approach to trading native BTC in the DeFi space for the first time.
The integration involves Sushi’s popular offerings, including the Sushi v2 automated market maker (AMM), v3 AMM, and SushiXSwap, the cross-chain swap solution.
Users will enjoy the ability to swap native BTC across 30 networks, tapping into previously untapped liquidity on the Bitcoin omrežje.
‘A new chapter in DeFi’
In a comment, Jared Grey, Head Chef at Sushi, emphasized the game-changing nature of the collaboration, calling it “a new chapter in DeFi, where we see more practical use cases of interoperability and enhanced connectivity.”
Meanwhile, Lead Sushi Developer Jiro highlighted the compatibility of ZetaChain with the Ethereum Virtual Machine (EVM), streamlining the integration process.
“Using our existing Ethereum smart contracts on ZetaChain will create a lot of new use cases for Sushi. For example, with the introduction of SushiXSwap, our cross-chain swap, we’ll be able to offer Bitcoin swapping across 30 different chains,” he said.
The team plans to roll out a decentralized exchange (DEX) on the ZetaChain testnet, followed by full functionality for Bitcoin interoperability upon the mainnet’s launch.
Pošta Sushi ustvarja zgodovino DeFi z Native Bitcoin na ZetaChain pojavil prvi na cryptonews.
Izvorni vir: CryptoNews