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Rootstock Brings Bitcoin Layer 2 Capabilities to SushiSwap

Rootstock Brings Bitcoin Layer 2 Capabilities to SushiSwap

Sushi goes live on Rootstock, bringing secure Bitcoin-Fi to DeFi.

Sushi, one of the top DEXs on Ethereum, is excited to announce that it is now live on Rootstock, the Bitcoin sidechain secured by over 60% of the total hashing power of the Bitcoin mainchain. This integration, achieved with the support of RootstockLabs, allows Sushi users to trade and provide liquidity on Rootstock, leveraging Bitcoin’s security and decentralization.

This integration marks a significant expansion into the DeFi sector for Rootstock, enhancing its ecosystem with Sushi’s advanced trading functionalities. It also strengthens Sushi’s multi-chain expansion by adding Rootstock to the network, offering users diverse options for including Bitcoin in DeFi. This highlights a commitment to bridging the gap between Bitcoin-Fi and DeFi, providing more opportunities to leverage Bitcoin assets within the DeFi ecosystem.

This strategic integration of Sushi into Rootstock significantly extends Bitcoin-Fi to the predominantly Ethereum-based DeFi space. By leveraging the security provided by the Bitcoin network through Rootstock, users can now enjoy enhanced flexibility and security in its decentralized finance activities.

Key Features of the Sushi-Rootstock Integration:

  • Sushi’s V2 and V3 Automated Market Maker (AMM): these protocols facilitate token swaps and liquidity provision, with V3 AMM featuring concentrated liquidity to enhance potential returns for liquidity providers. Users can now trade and provide liquidity on Rootstock via the Sushi interface.
  • Sushi’s DEX Aggregator: ensures users consistently receive the best swapping prices by aggregating liquidity from multiple sources. This optimises price efficiency and reduces slippage for users.
  • Sushi’s Route Processor 4 (RP4): brings enhanced efficiency and optimization to the trading process, ensuring users get the best possible execution for their trades.
  • Smart Pools via Steer Protocol: by leveraging Steer Protocol’s V3 Automated Liquidity Management solution, Smart Pools on Rootstock guarantee that liquidity providers in V3 positions consistently earn fees. This approach maximizes returns while minimizing the necessity for active management by liquidity providers.

“We are excited to deploy Sushi on Rootstock, integrating secure Bitcoin-Fi with DeFi. This collaboration aligns perfectly with Sushi’s multi-chain solutions but marks a significant step towards DeFi, bridging the gap between Ethereum-dominant DeFi and Bitcoin’s market presence. With Rootstock’s security backed by over 60% of Bitcoin’s hash power, we are confident that this integration will enhance the security and flexibility of DeFi activities. “

~ Jared Grey, General Manager of Sushi Labs.

“At RootstockLabs, we’re excited to be working with Sushi and support the integration of its advanced trading capabilities onto Rootstock. This integration is a significant step for the Bitcoin DeFi sector, bringing the first Bitcoin layer 2 to SushiSwap’s community, and allowing users more opportunities to leverage Bitcoin in a DeFi ecosystem. 

~ Jonathan Bitton – Head of DeFi Partnerships

Dig into this step-by-step guide to bridge, swap, and LP Rootstock on Sushi.