Kava Network Partners with Sushi
The Kava Network is joining forces with Sushi, one of the leading Blue Chip DeFi application ecosystems by Total Value Locked (TVL), total users, and trading volume.
The Kava Network is expanding its incentives program with industry-leading DeFi applications deploying to the Kava 10 Mainnet.
Sushi deploying on the Kava Network unlocks for DeFi users a new suite of DeFi products that provide high-yield farming with maximum efficiency and speed.
As part of this partnership, Sushi and the Kava Ignition Fund will allocate up to $7M over 90 days for a combined $14M. These will take the form of SUSHI and KAVA daily rewards, split evenly. The incentives will begin shortly, with an exact date announced soon.
Sushi Brings More TVL, Users, and Innovation to the Kava Network
Sushi delivers a robust Blue Chip DeFi products menu with sustainable and lucrative rewards for DeFi users. The ecosystem currently holds over $2.1B in TVL with over 30K monthly users and 14.74K asset trading pairs.
Furthermore, the SushiSwap DEX has deployed on more than 13 different blockchains. This is to bring a wide variety of SUSHI incentives to the ecosystem. While the Kava Network will be one of the first chains to provide SUSHI incentives beyond the Ethereum mainnet and Cosmos ecosystem.
Furthermore, the $750M Kava Rise incentives program is empowering developers on Sushi to build exciting new DeFi applications and opportunities for users. In turn, the Sushi community will benefit from fresh yield generating prospects. Especially when The Kava Network launches its Ethereum Bridge. For the first time, Sushi users and developers will have seamless access to the entire $300B market value of Ethereum and Cosmos.
“Sushi is one of the top DeFi protocols in Ethereum and the entire industry. Combining Kava’s Co-Chain abilities with Sushi’s dedicated community of builders and suite of DeFi Blue Chip applications will press the entire ecosystem forward.” –Scott Stuart, CEO of Kava Labs.
“The Kava Network is the only protocol building a seamless execution environment for Cosmos and Ethereum. While also rewarding builders with direct ownership of the network. We admire that dedication to builders and look forward to working together with Kava. This is to do great things in the DeFi space.”–Sushi team.
About Sushi
Sushi is a community-driven organization built to solve what might be called the “liquidity problem”. Sushi’s progress is intended to create a broader range of network effects. Rather than limiting itself to a single solution, Sushi intertwines many decentralized markets and instruments. Thus far, the core products, which will be described in more detail here. This include a decentralized exchange, a decentralized lending market, yield instruments, and staking derivatives.
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