Tempus Formed Strategic Partnership with Sushi

New Cryptocurrency, Crypto Startups, IDO, IFO

Published on: 03.11.2021

Tempus is proud to announce that it has entered a strategic collaboration with Sushi.

The partnership will strengthen their position in becoming the most capital-efficient fixed-rate protocol across the industry by working closely with one of the largest communities in DeFi. Let’s explore their mission, and how they think about the mutual benefits of a long-term partnership with Sushi.

What are we building?

Tempus is building secondary markets on yield. On Tempus, users can not only transform their variable rate yield farming rewards to fixed rate, but also provide liquidity to boost their existing variable yield.

For example, if you are already lending DAI on Compound, or staking ETH on Lido, you can deposit cDAI or stETH into Tempus to fix your yield farming rewards for the next few months. You can also deposit cDAI or stETH as a liquidity provider, and earn additional LP income on those assets.

Tempus partners with Sushi

The strategic partnership between Tempus and Sushi will be mutually beneficial — it will allow Tempus to access Sushi’s community resources, pursue more integrations and engage with its users.

Sushi is known for its fantastic community. Tempus has built a community of over 7,000 early adopters across multiple social media channels who have participated in their Sers Ambassador Program. Partnering with Sushi helps us learn from the best to make sure the Tempus community will be just as awesome as Sushi’s.
Sushi’s brand new lending and margin trading platform, Kashi, offers a great integration opportunity for Tempus. We are eager to build a roadmap alongside Sushi to fill the institutional demand for fixed rates on their own platform. Tempus will be the first team to develop a fixed-rate lending solution backed by lending yields on Kashi.
Sushi has world-class engineering and business development teams, who will offer supportive guidance to Tempus as they scale from a small, 11-person team to a much larger decentralized network with multi-chain support.

Tempus is excited about this journey together as they push to mainnet over the next few weeks.

About Sushi

Sushi’s first product, an AMM, was launched back in 2020 and it gathered a strong community from the very beginning. They expanded and successfully managed a DAO for more than a year now, bringing major innovations to the DeFi ecosystem.

Sushi expands horizontally in many DeFi areas and creates various products. Some of them are already live, such as BentoBox, a central place that facilitates access to liquidity for other protocols in a gas-efficient manner, or Kashi where everyone can create an isolated lending/borrowing market. Sushi is also paving the way for multi-chain DeFi — they have deployed on more than 14 chains.

All this couldn’t be possible without a great community backing the project and actively contributing to it. If you want to learn more about Sushi, they recommend this video, which explains how the different parts of the protocol work and create synergies together.