Yearn.finance (YFI) ‘Merger Wave’ continues As the project heralds the closest DeFi integration to date, this time with SushiSwap (SUSHI), the decentralized exchange that started as a fork of Uniswap.
Announced on Tuesday by the founder of Yearn, Andre CronjeCollaboration implies a multitude of synergies between the two ecosystems and other projects launched by Cronje.
As with previous integrations The two teams will merge development resources and integrate their liquidity funds to increase the total locked down value. Yearn helps create an xSushi vault to grow SUSHI, Ether (ETH), YFI and Wrapped BTC (wBTC).
Yearn will then use SushiSwap as the automated market maker of choice for its income breeding strategies.
Many additional integrations are based on sub-projects of the Yearn Growth Ecosystem. Keep3r, a network for performing arbitrary work with smart contracts, Moves your treasure trove to SushiSwap and adds implementations for SushiSwap limit and stop loss orders, in addition to integration in SushiBar V2, Your high yield farming platform.
The coverage log will also add the optionSecure SushiSwap’s liquidity pools via its CLAIM token system. Cream finances will provide the next SushiSwap Bento Box with liquidity and will add tokens from the SushiSwap liquidity pool as collateral for the loans.
The two teams will work together in Deriswap, Cronje’s upcoming derivatives trading platform as well as an undisclosed future project.
SushiSwap Governance and Token will remain separate from Yearn. But the teams want to combine the treasuries of the two projects in such a way that each participates in the other. A governance vote is taking place for both projects This would allow holders to decide whether any part of their treasury is dedicated to buying other people’s tokens. In this way, The two projects will be able to participate in the other’s governance processes in the future.
Other integrations to be agreed are: a SushiSwap liquidity incentive for some of Yearn’s Yield Farming Pools allocated by YearnAs a CRV for the yyveCRV pool, this is a potential candidate. The Keep3r / ETH group would also be included in SushiSwap’s “permanent menu” of the SUSHI rewards. Finally, SushiSwap developer grants are paid out via yGift tokens, a non-fungible token that contains a specific amount of money and contains a custom message.
The integration with SushiSwap is deeper than with most other projectsand is the first to include a mutual exchange of treasury assignments. So, It’s also the first longing merger to be voted on. However, the community will only think about some of these specific points.
The merger with SushiSwap is the fifth view that has ever existed and the first with a decentralized exchange platform. Previous integrations have included other performance optimization protocols such as Pickle Finance and Acropolis, the Cream Loan Protocol, and the Cover Insurance Platform.