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Decentralized trade SushiSwap is on the brink of deploy merchandise associated to rewards and productiveness farming on Harmony’s blockchain, as Harmony is approaching the two-year anniversary of the mainnet launch.
In an announcement on June 24, SushiSwap stated it’s going to companion with Harmony to introduce Sushi liquidity mining rewards, Kashi borrowing and lending rewards, Sushi-specific hackathons, and different rewards. different merchandise.
As a part of Harmony’s aim of reaching 10 billion individuals, Harmony will sponsor a $1 million Sushi hackathon that includes 4 challenges, with further particulars coming in July.
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✅ $2 million in liquidity mining rewards for Sushi on Harmony
✅ $2 million in rewards for Kashi borrowing/lending on Harmony
✅ Onsen ONE<>ETH Yield Farming Pair
✅ Sushi-specific hackathon challenges with $100,000 in prizes as a part of our $1M hackathon pic.twitter.com/hrR0dd4DCC— Harmony (@harmonyprotocol) June 24, 2021
Stephen Tse, founding father of Harmony, stated he believes this partnership with Sushi is simply step one in direction of bringing hundreds of thousands of individuals into the decentralized finance enviornment.
As our mainnet matures, we will probably be integrating extra necessary DeFi arrays that can permit entry to many new communities.
SushiSwap’s lending platform Kashi will supply customers $2 million value of curiosity rewards on their property via BentoBox on Harmony. While the vault is native to Sushi and will not migrate to the brand new blockchain, Sushi says decentralized functions constructed with BentoBox, on this case Kashi, can nonetheless use all property from the vault. This one’s Sushi.
See extra: SushiSwap launches Kashi margin trading and lending platform on BentoBox
In addition, the merchandise that Sushi launched liquidity mining marketing campaign on Harmony embrace 1 million USD in Onsen (ONE) reward and 1 million USD 1SUSHI out there for 12 months. Additionally, Sushi liquidity suppliers within the ONE/ETH pool can earn SUSHI rewards underneath the Onsen blockchain marketing campaign.
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