Dracula Protocol Collaborates with Sushiswap

Dracula Protocol collaborates with Sushiswap to maximize users’ yields & ensure trustless delegated governance of $xSUSHI.

Going forward, Dracula Protocol will now exclusively use Sushi when selling victim rewards for ETH. This decision will ensure that all swap fees from our drain are now given to xSUSHI holders and will help strengthen the Sushi community.

Dracula Protocol hopes to become a platform capable of retaining governance rights on behalf of its users in order to maximize efficiency and increase the likelihood of reaching quorum. Dracula Protocol is capable of doing this for any of its underlying victims and will expand this initiative as more victims are added.

In return, Sushi has granted Dracula Protocol with a small developer’s fund, which will be deposited in the gas fund. Sushi has also committed to allowing Dracula to have Sushi as a victim.

What is Dracula Protocol?

Dracula Protocol V2 is a universal DeFi adapter that streamlines yield-farming by automatically collecting underlying reward tokens on an ongoing basis, selling the tokens for ETH, and investing the ETH into an interest-accruing strategy.

What is Sushi?

The Sushi protocol realigns incentives for network participants by introducing revenue-sharing & community-driven network effects to the popular AMM model.

📰 INFO:

https://draculaprotocol.medium.com/dracula-protocol-collaborates-with-sushiswap-572e17d88b38