DeFi protocol Yearn.Finance announces fifth merger today, this time with SushiSwap. The protocol recently announced mergers with four other protocols Pickle Finance, Cream Finance, Cover, and Akropolis.
Yearn x Sushi 行ってきます https://t.co/0sYZowfXsf
— Andre Cronje (@AndreCronjeTech) December 1, 2020
“As Sushi focused on expanding their AMM ecosystem, and as Yearn focused on expanding their strategies, more and more overlap became apparent, Yearn needed custom AMM experiences for their strategies, and Sushi started pushing the boundaries of yield and money markets. With these overlaps, more and more work started to become mutualistic, and at this point, it makes to take the relationship to the next level.” Andre Cronje, co-founder of Yearn said.
Synergies
SushiSwap will also help Yearn develop and launch its upcoming project, Deriswap, which would combine different segments of DeFi — swaps, options, and loans — into one platform.
Yearn will be allocated 0.2x allocations for pairs that needs to be incentives (make more liquid potential candidate CRV<> yyveCRV or any other pairs or vault)
Yearn will participate in Sushi governance and add to its treasury some SUSHI
Sushiswap will participate and add to its treasury YFI
Grants for Sushi contributors will now be paid via yGift
Keep3r/ETH will be added to the permanent menu.
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