Sushi goes live on the Bitcoin-Sidechain Rootstock

Sushi goes live on the Bitcoin-Sidechain Rootstock

  • Sushi is now on Bitcoin (BTC) -SiDechain Rootstock Live
  • The integration of rootstock with the decentralized stock exchange (Dex) will expand defi to Bitcoin.
  • Users can now use the extended trading functions and other features from Sushi and at the same time benefit from the security and decentralization of Bitcoin.

Sushiswap, a decentralized stock exchange (Dex) that is used on more than 30 blockchains, is now on rootstock, a groundbreaking Bitcoin (BTC) -side, Live.

The sushi-Team announced The integration with rootstock, which is to bring decentralized finances (defi) to the Bitcoin ecosystem, on Thursday.

The sushi price rose slightly after the message, namely by about 3 % to $ 1.23.

Important news for the integration of sushi into the Bitcoin-SiDechain rootstock

ROOTSTOCK is the first EVM compatible Bitcoin (BTC) -side. It was introduced in 2018 when the crypto industry experienced exponential growth in smart contract projects.

Rootstock wants to expand the defi world on Bitcoin with Ethereum-compatible Smart Contracts and offers improved security through the mining mechanism of Bitcoin. The network offers the decisive functions of high scalability, faster transactions and interoperability.

By integrating sushi, sushi owners can act on the Bitcoin-Sidechain and provide liquidity, whereby the users can benefit from the security and decentralization of Bitcoin.

The integration enables the sushiswap trading functions to be expanded to the Rootstock.

"For rootstock, Rootstock means significant expansion to the defi sector and extends its ecosystem with the extended trading functions of sushi. It also strengthens the multi-chain expansion of sushi by adding rootstock to the user, which offers users a wide range of options in defi to integrate, ”said the sushi team in an announcement.

Sushi therefore helps to beat a bridge between Bitcoin Fi and Defi and gives the community access to new possibilities that use BTC capacity values.

The functions that users can access by integration include sushis token swaps and liquidity provision via sushis V2 and V3 protocols automated market maker, a Dex aggregator and sushis route processor 4 (RP4) for efficiency and Optimized trade.

Rootstock users can access Defi protocols and other dapps with RBTC, a native token that is linked to 1: 1 to BTC.

Source: Coinlist.me