Harmony (ONE) to save more Sushi DeFi products, offers and rewards
harmony Extended partnership with Ethereum DeFi dApp SushiSwap, according to a press release shared today KryptoSlate. Both platforms will soon have new product launches, incentives for mining liquidity, rewards and hackathons in the coming months.
Complete set of Sushi DeFi products
How harmony To celebrate the second year of Mainnet’s release, the platform now has more than 100,000 accounts worth a total of $ 20 million in ETH-ONE Organic Locked Valuables (TVL). bridgeand over $ 50 million in TVL in five featured DEXs.
To capitalize on its success, Harmony expanded its initial partnership with Sushi to fulfill its mission, with plans to introduce the full range of Sushi DeFi products across its ecosystem.
In addition to products, both platforms will work together to create sushi Kashi dApp on harmony. The platform will also partner with Sushi to develop a $ 2 million liquidity mining campaign, a $ 2 million Kashi-dApp incentive campaign, and a $ 100,000 sushi-specific hackathon support to further expand the ecosystem.
Commenting on the matter, Stephen Tse, Harmony founder, “We believe this partnership with Sushi is only the first step in bringing millions of people into the decentralized financial world. As our mainnet matures, we are incorporating many more important DeFi primitives that will provide access to many new communities, and we look forward to partnering with Sushi on this journey. “
Partnership Reveals $ 4 Million Incentives and Rewards
With over 50 dApps using Harmony’s sharding and proof-of-stake protocols to power a wide range of DeFi products, the platform is supported by professional validators including Figment Networks, Blockdaemon and Stake .fish.
On the flip side, Sushi is one of the fastest growing community-based DeFi platforms, offering a range of products such as Omnidirectional AMM, Kashi Lending & Leverage, BentoBox dApps, xSUSHI Staking, and Onsen Program.
After the expanded partnership, Sushi will use the Kashi dApp and BentoBox in the Harmony ecosystem. To promote the dApp, both platforms will launch a $ 2 million rewards program that includes $ 1 million in ONE and $ 1 million in 1SUSHI tokens.
To continue their mission of building a scalable cross-chain financial system, Harmony and Sushi will also introduce a $ 2 million liquidity mining incentive. The campaign will run for a year, with $ 1 million in ONE and $ 1 million in 1SUSHI being distributed to users quarterly.
“We are excited to partner with Harmony to grow sushi as the leading DeFi ecosystem in a multi-chain future. We can’t wait to see new developers and users interact with the sushi ecosystem on Harmony as we develop sushi for everyone, ”said Sushi core developer ‘0xMaki’ in a statement.
Meanwhile, Harmony will be sponsoring $ 10 million in the upcoming Web2-to-Web3 attack to celebrate the 10 million user milestone. The protocol is also a co-sponsor of the upcoming $ 100,000 Sushi Hackathon.