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Sushi Sets a New Benchmark in Decentralized Exchange by Integrating with Filecoin
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Sushi Sets a New Benchmark in Decentralized Exchange by Integrating with Filecoin

Nov 12, 2023

Sushi, a well-known decentralized exchange (DEX), has recently partnered with Filecoin, the largest decentralized storage network globally. This significant collaboration is a milestone in the development of decentralized storage and exchange services, marking the beginning of a new chapter in the management of digital data and assets.

This integration positions Sushi as the first DEX to utilize the Filecoin network. It introduces Sushi's latest versions 2 and 3 of automated market makers (AMMs) with concentrated liquidity pools. These features are designed to improve direct trading and liquidity provision within the Filecoin network.

A notable aspect of this partnership is the expansion of Sushi’s cross-chain swap feature, SushiXSwap, to include Filecoin. This enhancement enables effortless token exchanges between Filecoin and over 30 other blockchain networks, such as Ethereum, Arbitrum, Polygon, and more. By removing the need for bridges or native Filecoin tokens, this integration streamlines the trading process, enhancing the overall user experience.

This collaboration underscores Sushi's commitment to advancing multi-chain and cross-chain technologies. It also encourages users and developers to delve into the potential of Filecoin's decentralized storage. The integration has been made possible with the support of Laconic.com, which provided crucial subgraph index hosting services.

For users, this integration offers a variety of new features. These include bridging assets from Ethereum to Filecoin using Axelar Bridge and Celer Bridge, swapping tokens via Sushi on Filecoin, and contributing liquidity to pools on the Filecoin network.

To celebrate this integration, the “Filecoin x Sushi Bomb Diggity NFT” is being launched as part of the “Sushi Multi-Chain Feast” Campaign. This exclusive NFT, created on the Arbitrum network, celebrates the partnership and is available to those who complete specific tasks in the campaign.

Overall, the integration of Sushi with Filecoin is more than a technological feat; it represents a significant advancement in the realm of decentralized exchanges and storage. It signifies a shift in the crypto industry, improving accessibility and ease of use for both traders and developers.

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