The SushiSwap decentralized exchange prepares to roll out rewards and productivity farm-related products on Harmony’s blockchain as Harmony approaches the two-year anniversary of the mainnet launch.
In a June 24 announcement, SushiSwap announced that it would partner with Harmony to introduce sushi liquidity mining rewards, kashi rewards for loans and credits, sushi-specific hackathons, and other rewards.
As part of Harmony’s goal of reaching 10 billion people, Harmony will sponsor a $ 1 million sushi hackathon with four challenges. More details will follow in July.
2 / TLDR;
✅ $ 2 million in liquidity mining rewards for sushi on Harmony
✅ $ 2 million in rewards for Kashi borrowing / borrowing from Harmony
✅ Onsen ONE ETH Yield Farming Pair
✅ Sushi-specific hackathon challenges with $ 100,000 in prizes as part of our hackathon worth $ 1 million pic.twitter.com/hrR0dd4DCC– harmony (@harmonyprotocol) June 24, 2021
Stephen Tse, founder of Harmony, said he believes this partnership with Sushi is only the first step in bringing millions of people into the realm of decentralized finance.
As our mainnet matures, we will integrate more important DeFi arrays that will provide access to many new communities.
SushiSwap’s Kashi lending platform will offer users $ 2 million in interest bonuses on their assets through BentoBox on Harmony. While the vault comes from Sushi and will not be migrated to the new blockchain, according to Sushi, decentralized applications built with BentoBox, in this case Kashi, can still use all of the assets from the vault.
See more: SushiSwap Launches Kashi Margin Trading and Lending Platform on BentoBox
Additionally, the products Sushi launched a liquidity mining campaign on Harmony include $ 1 million onsen (ONE) bonus and $ 1 million 1SUSHI available for 12 months. In addition, sushi liquidity providers in the ONE / ETH pool can earn SUSHI rewards as part of the onsen blockchain campaign.
Synthetic
You may be interested in:
Blur has officially migrated to the Blast public chain.
Positive dialogue between issuers and the SEC raises hopes for the approval of Ethereum futures…
If approved, the proposed regulations could have immediate implications for the Arkansas crypto mining industry.
Celsius Network has obliterated all 652 million CEL tokens it held, amounting to a staggering…
Patrick McHenry, the influential chairman of the U.S. House of Representatives Financial Services Committee, accused…
Binance founder Changpeng Zhao was sentenced to four months in prison for money laundering violations.
This website uses cookies.