Welcoming Zero Gas Fees Ethereum Native Blockchain to Sushi
We're excited to announce that Sushi is now live on SKALE, the zero gas fees Ethereum native blockchain! This integration enables Sushi users to engage in trading and liquidity provision (LP) directly on SKALE through Sushi’s intuitive interface. For SKALE, this partnership signifies a major expansion into the DeFi sector, building on its strong presence in the gaming industry. Meanwhile, for Sushi, it reinforces its positioning as an Ethereum-native decentralized exchange (DEX) with leading multi-chain expansion, offering the widest range of L1 and L2 blockchains, totaling over 30+ chains. By leveraging SKALE's advanced infrastructure, Sushi offers users the opportunity to trade with minimal fees, enhancing the overall trading experience.
What is SKALE?
SKALE is the world's fastest blockchain, designed for fast, secure, user-centric Ethereum scaling. SKALE chains offer zero gas fees to end-users and have advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, zero-cost minting, and enhanced security features. The SKALE Network enables developers to deploy their own EVM app-chain in minutes without sacrificing speed, security, or decentralization.
SKALE operates multiple chains, each tailored to specific use cases. Europa is the dedicated DeFi chain within the SKALE ecosystem, optimized for decentralized finance applications. This specialization allows Europa to deliver superior performance and scalability for DeFi projects, ensuring seamless user experiences.
Sushi x SKALE: Zero Gas Fees Ethereum Native Trading Experience
Users who engage with SKALE Europa Hub as a Layer 2 solution can not only benefit from the zero gas fees Ethereum-native blockchain trading experience but also enjoy a range of features Sushi offers:
V2 and V3 AMM: The integration of Sushi with SKALE introduces Sushi's v2 and v3 Automated Market Maker (AMM) protocols to the SKALE network. These protocols facilitate token swaps and liquidity provision, with the V3 AMM featuring concentrated liquidity to enhance the potential returns for liquidity providers. Users can now trade and LP on SKALE via the Sushi UI.
DEX Aggregator: Sushi utilizes a DEX aggregator to ensure users consistently receive the best swapping prices. This tool aggregates liquidity from multiple sources, optimizing price efficiency and reducing slippage for users.
Smart Pools via Steer Protocol: Leveraging Steer Protocol's v3 Automated Liquidity Management solution, Smart Pools on SKALE guarantee that liquidity providers in v3 positions consistently earn fees. This approach not only maximizes returns but also minimizes the necessity for active management by liquidity providers.
This strategic integration between Sushi and SKALE significantly lowers the barriers to entry for users interested in DeFi, promotes a more sustainable liquidity environment, and invigorates trading activity on the Sushi platform. It represents a major step forward in making the decentralized finance ecosystem more accessible and efficient.
Engaging with SKALE
🌉 Bridge Bridge your assets from Ethereum to Europa on SKALE using the SKALE Bridge.
🔄 Swap Swap tokens on SKALE, benefitting from faster transactions and reduced fees.
💧 LP (Liquidity Provision) Provide liquidity to existing pools or create new ones.
Still curious how to bridge assets to SKALE, swap, and LP on Sushi? See the full tutorial here: [Link]
For a step-by-step guide and more surprises, check out the full tutorial: [Link]
