TL;DR: The most multi-chain DEX is adding one more: Sushi is collaborating with Hemi to make its decentralized exchange (DEX) available for Hemi’s mainnet launch in Q4-2024.
Sushi is expanding to the Hemi Network, bringing its decentralized exchange (DEX) capabilities to Hemi's integrated Bitcoin+Ethereum ecosystem.
This deployment will enable Hemi users to engage in liquidity provisioning and swaps with assets from both Bitcoin and Ethereum.
As an L2 equally at home on Bitcoin and Ethereum, Hemi provides users with secure, easy access to assets from both ecosystems. The integration of modern DeFi applications like Sushi strengthens Hemi’s position as a hub between the world’s two largest blockchains.
Hemi will allow users to access Sushi’s features easily and securely, with Hemi’s Proof-of-Proof providing Bitcoin finality for every transaction.
Sushi x Hemi: Advanced DeFi from Day One
Sushi’s integration with Hemi will enable users to perform a wide range of decentralized financial operations from day one:
Swaps: Trade assets efficiently using Sushi’s advanced DEX technology, including their V3 AMM, which optimizes liquidity through capital-efficient concentrated liquidity pools.
Liquidity Provisioning: Provide liquidity and earn fees directly on Hemi’s decentralized network.
Added Utility: Use Sushi’s LP tokens as collateral on other Hemi dApps, increasing the utility of your assets.
Permissionless Pool Creation: Create trading pairs for any asset, with the ability to add custom incentives to pools.
By launching alongside Hemi’s mainnet launch in Q4-2024, Sushi will provide users with secure access to liquidity and advanced trading strategies for assets across the Bitcoin and Ethereum ecosystems.