$150,000+ in SKL Rewards Now Live on SushiSwap!

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June 20, 2024

SushiSwap is Now Live on SKALE! Bringing Zero Gas Fees to DeFi

SKALE Network

SushiSwap is now live on the SKALE Europa Liquidity Hub! The integration of Sushi into SKALE has been met with enthusiasm from the decentralized finance (DeFi) community, enabling trading and liquidity provision with zero gas fees. This pivotal development not only signifies SKALE's splash into the DeFi sector but also represents a new era of accessible DeFi for the masses, thanks to SKALE’s gas-free architecture.

SushiSwap and SKALE Partnership: An Ethereum-Based Collaboration Expanding Through Multiple Chains

Both hailing from the Ethereum network and having expanded across over 30 blockchain networks, Sushi and SKALE's partnership is poised to elevate the DEX experience. This collaboration integrates Sushi's innovative features and extensive chain deployment with SKALE's high-performance, zero gas fee infrastructure, promising enhanced accessibility and an optimized user experience. The following pairs are live on SushiSwap upon launch:

SKL/USDC

SKL/ETH

ETH/USDC

Get started using SushiSwap on SKALE with the following guides:

How to use SushiSwap on SKALE

How to Bridge to SKALE Europa Hub

Key Features of Sushiswap on SKALE

This collaboration introduces several of SushiSwap’s functionalities to the SKALE network:

V2 and V3 Automated Market Makers (AMMs)

Sushi's V2 and V3 AMM protocols are now available on SKALE, facilitating gas-free token swaps and liquidity provision. The V3 AMM, in particular, offers concentrated liquidity, potentially increasing returns for liquidity providers.

DEX Aggregator

Sushi's DEX aggregator ensures optimal swap rates by pooling liquidity from various sources, thus optimizing price efficiency and minimizing slippage.

SushiXSwap for Cross-Chain Swaps

This feature allows for smooth cross-chain transactions across multiple networks, with plans to include SKALE, enhancing the Ethereum ecosystem’s access to SKALE.

Smart Pools via Steer Protocol

Leveraging the Steer Protocol, SKALE now features Smart Pools, providing an automated liquidity management solution that aims to maximize returns and reduce the need for active management by liquidity providers.

Bonds to Protocol-Owned Liquidity (POL)

Sushi's bond feature on SKALE enables users to purchase SKL tokens at a discount. The proceeds from these bond sales are used to create liquidity pools on Sushi, thereby enhancing the ecosystem's liquidity and sustainability.

This strategic partnership is set to lower the barriers to entry for DeFi, foster a more sustainable liquidity environment, and stimulate activity in the SKALE DeFi ecosystem, making decentralized finance more accessible and efficient for a wider audience.

Learn how to bridge to SKALE Europa and How to Swap and LP on Sushi to start your SKALE DeFi journey! 

About SKALE

SKALE Labs is the foundation behind SKALE Network, a gas-less EVM-compatible modular blockchain, which is designed to provide a world-class experience for builders of games, AI, SocialFi, and web3 applications. As of Q1 2024, SKALE Network serves over 10 million monthly active users and saves billions in monthly gas fees with its innovative modular architecture. SKALE Chains feature high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. Harmonizing speed, security, and decentralization, SKALE Labs was founded in 2018 by Jack O’Holleran and Stan Kladko, PhD. 

More Information on SKALE

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