Sushiswap expands to Rootstock, Bitcoin sidechain – DiarioBitcoin

Now SushiSwap is now available in Rootstock, a sidechain of Bitcoin compatible with smart contracts Ethereum, which is backed by more than 60% of the hash of the Blockchain of the main digital currency.

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• SushiSwap officially arrives at Rootstock
• Rootstock It is a sidechain of Bitcoin, compatible with smart contracts Ethereum
• The idea is to strengthen the ecosystem of decentralized finance in the ecosystem of Bitcoin
• They also seek to take advantage of the operational benefits it offers Rootstock

The decentralized exchange originally native to the network Ethereum, SushiSwap, announced its expansion to the network Rootstock, which works as a sidechain of Bitcoin.

SushiSwap lands on Rootstock

The announcement came in a statement shared by SushiSwap through their official page, where they indicate that the integration will allow “Sushi users can trade and provide liquidity on Rootstock, taking advantage of the security and decentralization present in the Bitcoin network.” They also describe the fact as a “significant expansion for the DeFi sector” within said sidechain.

“[La integración] strengthens the expansion of multiple Sushi chains by adding Rootstock to the network, offering users various options to include Bitcoin in DeFi”indicated the team, this with the purpose of “bridge the gap between Bitcoin-Fi and DeFi, providing more opportunities to leverage Bitcoin assets within the decentralized finance ecosystem.”

The decision to take SushiSwap to Rootstock It is not a coincidence, since the responsible team recognizes quite remarkable properties in said ecosystem. As such, they cite that said sidechain is compatible with smart contracts of Ethereum, in addition to providing high scalability, fast transactions, interoperability and other properties. As a notable point, this network is supported by more than 60% of the hash present in the Bitcoin Blockchain, being one of the most secure among its type.

Present in more ecosystems

The arrival of SushiSwap to Rootstock almost a year after the expansion of the platform to the network of Aptos, Blockchain Developed by former employees of Goal.

With this new announcement, now SushiSwap It is available on networks such as Ethereum, Fantom, Polygon, Arbitrum, BNB Chain, Aptos and now in Rootstock.

sushi It currently has USD $318.8 million in total value locked (TVL) on its platform, according to data from the service. Defillama, A figure that they seek to increase with the arrival of a new network.

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