As far as sushiswap and sei are concerned, the advantage for both companies is very clear and in addition to increasing its impact, The first is to use the partnership to generate a new source of revenue for the protocol.
The Decentralized Exchange (DEX) platform, SushiSwap (SUSHI) is expanding its footprint in the blockchain ecosystem as it is reportedly set to launch a new Perpetual contract futures exchange on the Sei Network. Like in the O.R, quoting the chief of sushiswap, jared grey, the movement to launch the new trading engine on the sei network is a calculated effort to spread its footprint beyond the boundaries of the ethereum blockchain.
SushiSwap was one of the first DEXs to make its way into the Decentralized Finance (DeFi) ecosystem. His life was first tarnished by the attraction of his founder, Chief Nomi, then and now, sam bankman-fried (sbf) has taken over the management of the stock exchange.
Over the years, the trading platform and its ecosystem have stabilized, and though its native token SUSHI is no longer tagging along with its top competitors including (UNI) and PancakeSwap (CAKE), it is still one of the most revered digital tokens around today.
Jared said the deal or contract to launch the new swap had already been signed by sushiswap and sei network about a week ago.
"It's a new piece for us," said Grey in Quantum Miami, adding that a contract was signed earlier this week. We work hand in hand with them to determine which developer resources need to be allocated to their side in order for Sushi to take advantage of what they've built so that we can deliver value, for the record, back in their direction.
Choosing Sei is not a far-fetched option. This is a cosmos-based protocol which is designed for developers to create new specific trading apps with massive bandwidth. Grey believes, the Sei Network "concentrates on having a backlog of orders and a correspondence engine within their consensus layer, and they want to concentrate on this verticality alone, and I think that's absolutely logical."
Launch of SushiSwap in the Sei network: a mutually advantageous connection.
Progressive partnerships between start-ups are often found in the Web 3.0 ecosystem. As far as sushiswap and sei are concerned, the advantage for both companies is very clear and in addition to increasing its impact, The first is to use the partnership to generate a new source of revenue for the protocol.
In addition, the new trading engine will benefit in its projects to upgrade tokenisation of the native sushi token, a movement he believes will help redirect value towards digital money. In the case of the UTE network, sushiswap is an established and reliable name in the decentralized financial ecosystem, and the integration of the protocol will be a good way to extend its scope to everyone.
There is no final time for the launch of the perpetual term trade, however, the synergy of the efforts of the two protocols will be necessary to overcome the present pressure on liquidity that was introduced by the crypto winter.