“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance. As our mainnet matures, we are onboarding more key DeFi primitives that will enable access to many new communities. We are excited to work with Sushi on this journey” Stephen Tse, founder of Harmony
Sushiswap and HarmonyProtocol are coming together to deepen their partnership and launch a full suite of Sushi products on Harmony. This is timely with Harmony celebrating its 2 year mainnet anniversary on June 28th, with 59+ million blocks, 24+ million transactions, 128,000+ accounts, 50+ apps.
HARMONY AND SUSHISWAP INCENTIVE CAMPAIGN
- $2 million in liquidity mining rewards for Sushi on Harmony
- $2 million in rewards for Kashi borrowing/lending on Harmony
- Onsen ONE<>ETH Yield Farming Pair
- Sushi-specific hackathon challenges with $100,000 in prizes as part of our $1M hackathon
- Users: 128,000+ accounts (wallets)
- Bridges:$20M organic TVL on ETH-Harmony, ETH-BSC bridges
- AMMs:$50M TVL across 5 community DEX’s (Viper, Mochi, Openswap, Lootswap, Lockswap, Sushi)
- Tools: Graph indexer, Etherscan-like explorer, Gnosis multisig
Harmony and Sushi will be incentivizing a liquidity mining campaign with $1 million in ONE and $1 million in SUSHI rewards over 12 months. The number of ONE tokens will be calculated on June 30th when the incentives starts.
INCENTIVIZE BREAKDOWN IN PERCENT
- Months 1–3: 50%
- Months 4–6: 25%
- Months 7–9: 15%
- Months 10–12: 10%
“We are delighted to work with Harmony to expand Sushi as the leading DeFi ecosystem in a multi-chain world that Harmony is bridging. We can’t wait to see how new developers and users engage with the Sushi ecosystem on Harmony as we continue to grow Sushi for everyone.”— 0xMaki, Sushi Chef
Sushi first started out as just a decentralized exchange, but has quickly become a DeFi juggernaut in its own right. Fully decentralized, community-led and managed, innovative, comprehensive, and providing more and more services through a suite of products.
ABOUT HARMONY PROTOCOL
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance and other chains
Be a DeFi Chef with Sushi. Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform.