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We're excited to announce that Sushi is now live on Filecoin, a decentralized storage network designed to store humanity’s most important information. Sushi is the first decentralized exchange (DEX) to launch on Filecoin. This integration aims to strengthen Sushi’s leading position in cross-chain and multi-chain capabilities.
Introducing Filecoin Network
Filecoin is an open-source cloud storage marketplace, protocol, and incentive layer. Filecoin, the world's largest decentralized storage network, enables users to store, request and transfer data via a verifiable marketplace. Filecoin's advanced technology provides a robust foundation to store the world's most valuable datasets. An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers and allowing users to take advantage of its unmatched network capabilities. Filecoin is completely open source, enabling people from all over the world to participate.
Sushi x Filecoin:
"As the first decentralized exchange (DEX) on Filecoin, Sushi is set to introduce both its version 2 automated market maker (AMM) and the version 3 AMM with concentrated liquidity pools. This will allow users to trade and provide liquidity on the Filecoin network. Sushi’s unique cross-chain swap, SushiXSwap, will also cover Filecoin soon, facilitating token swapping between Filecoin and 30+ networks natively via Sush UI, including familiar names such as Ethereum, Arbitrum, Polygon, Optimism, BNB Chain, and Avalanche, etc. SushiXSwap is the easiest way for users to explore Filecoin with no bridging or native Filecoin tokens needed.
This integration with Filecoin not only strengthens Sushi's leading to multi-chain and cross-chain position but also seeks to spark interest and exploration of Filecoin, for developers to experience the power of decentralized storage.
This integration was also made possible by subgraph index hosting from Laconic.com.
Sushi is building a comprehensive DeFi ecosystem! Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
