About the Project

SushiSwap is an automated market making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. They plan to expand their offerings with the BentoBox lending platform.

About the Integration

SushiSwap liquidity mining is live on Moonriver and will deploy to Moonbeam once it is launched. Sushi has leveraged Moonbeam’s Ethereum compatibility features to quickly port with minimal effort to Moonbeam, which ultimately provides access to DOT, KSM, and the many other assets being created in the Polkadot ecosystem and by other teams building on the Moonbeam platform.

Sushi is a trusted name in AMM development, and Moonbeam/Moonriver’s goal is to be the platform that brings together all Kusama- and Polkadot-based tokens to interact interoperably with Ethereum-based tokens. The beauty of interoperability is that it is conducive to collaboration in its nature. Based on XCMP (Polkadot-native cross chain messages), Kusama- and Polkadot-based assets will be able to travel interoperably between parachains, but they will need the DeFi utilities that Sushi can provide to reach their full potential and hypothecation. Blocked or siloed liquidity is bad for everyone, so a partnership between Sushi and Moonbeam, which naturally helps this liquidity circulate, will create a positive sum game for all actors involved.

Here are some of the possible deployments that emerge as a result of this partnership:

  • Trident: While Sushiswap is already launched on Moonriver, and will launch on Moonbeam as well, Trident will gradually displace Sushiswap on all deployed chains, and serve as a framework for the future of AMMs to be built.
  • MISO v2: Moonbeam/Moonriver is already the easiest way to launch a token on Polkadot and Kusama, and MISO v2 could make that process even easier.
  • Shoyu: While the NFT market on Ethereum is quite overserved, the corresponding market on Polkadot and Kusama is quite underserved, making a Shoyu deployment another enticing prospect and a potential liquidity magnet for the NFT community.
  • Kashi: Similar to the NFT market, lending markets on Polkadot and Kusama are less accessible than they are on Ethereum, and these markets have yet to be installed. With Kashi’s isolated risk markets launched on Moonriver and Moonbeam, the avalanche of new markets opening on Kusama and Polkadot would have an open source of leverage and lending yield.