Filecoin Welcomes Sushi: A Significant Development in Decentralized Storage and Exchange Services
Filecoin, the world’s largest decentralized storage network, has opened its doors to Sushi, a well-known decentralized exchange (DEX). This marks a major step forward in the world of decentralized storage and exchange services. Filecoin’s approach to cloud storage is unique—it operates as an open-source marketplace, protocol, and incentive layer. This revolutionizes the way data is stored, requested, and transferred, providing a secure and decentralized solution that is both efficient and cost-effective.
Sushi’s Integration into Filecoin: A Groundbreaking Milestone
The integration of Sushi into Filecoin is a significant milestone, making it the first DEX to operate on this network. This expansion includes the introduction of Sushi’s version 2 and version 3 automated market makers (AMMs) with concentrated liquidity pools on the Filecoin network. This allows for direct trading and liquidity provision. Additionally, Sushi’s cross-chain swap feature, SushiXSwap, extends to Filecoin, enabling seamless token swapping across Filecoin and over 30 other networks. These networks include ethereum, Arbitrum, Polygon, Optimism, BNB Chain, and Avalanche, eliminating the need for bridging or using native Filecoin tokens and simplifying the user experience.
Reinforcing Sushi’s Leadership: The Impact of the Partnership
The Sushi-Filecoin partnership reinforces Sushi’s leadership in the multi-chain and cross-chain arena and invites users and developers to explore Filecoin’s decentralized storage capabilities. This collaboration was made possible with the support of Laconic.com, providing crucial subgraph index hosting services.
The Integration’s Functionalities and Celebratory NFT Campaign
The integration offers a variety of functionalities for users, including asset bridging from ethereum to Filecoin using Axelar Bridge and Celer Bridge, token swapping via Sushi on Filecoin, and liquidity provision to existing or new 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 limited edition NFT, minted on the Arbitrum network, commemorates the collaboration and is available to participants who complete designated tasks.
Participating in the Campaign and Conclusion
To participate in the campaign, individuals are required to follow Sushi and the Filecoin Network on Twitter, like and retweet the announcement tweet, and engage in token swapping and liquidity provision of at least $10 on Filecoin via Sushi. The campaign is facilitated through Galxe.
This integration of Sushi into Filecoin marks a significant development in decentralized storage and exchange services, offering a wide range of functionalities for users and celebrating the partnership with an exclusive NFT campaign.
### News source: blockchain.news