{"id":48730,"date":"2023-11-18T20:09:20","date_gmt":"2023-11-18T20:09:20","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/sushi-makes-defi-history-with-native-bitcoin-on-zetachain\/"},"modified":"2023-11-18T20:09:21","modified_gmt":"2023-11-18T20:09:21","slug":"sushi-makes-defi-history-with-native-bitcoin-on-zetachain","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=48730","title":{"rendered":"Sushi Makes DeFi History with Native Bitcoin on ZetaChain"},"content":{"rendered":"<div>\n<figure id=\"attachment_132934\" aria-describedby=\"caption-attachment-132934\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-132934\" class=\"wp-caption-text\">Source: Adobe \/ David<\/figcaption><\/figure>\n<p>Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain.<\/p>\n<p>The move, announced by Sushi in a blog post on Thursday, will allow users to seamlessly swap BTC across 30 different networks without the need for \u201cwrapping\u201d the coin as an ERC-20 token, as is the practice on the Ethereum network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf63 Sushi is expanding to <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/zetablockchain?ref_src=twsrc%5Etfw\">@zetablockchain<\/a>, the first EVM-compatible L1 blockchain that connects everything!<\/p>\n<p>\ud83e\ude99 Native <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> Swap<br \/>\ud83d\ude80 First Testnet deployment<br \/>\u2b50\ufe0f v2 &amp; v3 AMM on Mainnet<br \/>\ud83d\udd17 Cross-chain Swap across 30 chains<\/p>\n<p>Stay tuned for more updates!<\/p>\n<p>Blog: https:\/\/t.co\/fYAtPChbuP <a rel=\"nofollow\" href=\"https:\/\/t.co\/yg8N6fFPVb\">pic.twitter.com\/yg8N6fFPVb<\/a><\/p>\n<p>\u2014 Sushi.com (@SushiSwap) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/SushiSwap\/status\/1725182154492256745?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>ZetaChain, a layer 1 blockchain and developer platform, boasts itself as the \u201conly blockchain you\u2019ll ever need.\u201d<\/p>\n<p>Its Omnichain Smart Contracts enable cost-effective, efficient, and secure transfers of digital assets across various blockchain networks.<\/p>\n<p>The blockchain platform has in the past introduced the innovative ZRC-20 token standard, facilitating the development of native cross-chain applications that engage in transactions with various tokens, including Bitcoin and Ethereum-based ERC-20 tokens.<\/p>\n<p>The collaboration between Sushi and ZetaChain aims to usher in DeFi 3.0, presenting users with a decentralized and permissionless approach to trading native BTC in the DeFi space for the first time.<\/p>\n<p>The integration involves Sushi\u2019s popular offerings, including the Sushi v2 automated market maker (AMM), v3 AMM, and SushiXSwap, the cross-chain swap solution.<\/p>\n<p>Users will enjoy the ability to swap native BTC across 30 networks, tapping into previously untapped liquidity on the Bitcoin network.<\/p>\n<h2>\u2018A new chapter in DeFi\u2019<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>In a comment, Jared Grey, Head Chef at Sushi, emphasized the game-changing nature of the collaboration, calling it \u201ca new chapter in DeFi, where we see more practical use cases of interoperability and enhanced connectivity.\u201d<\/p>\n<p>Meanwhile, Lead Sushi Developer Jiro highlighted the compatibility of ZetaChain with the Ethereum Virtual Machine (EVM), streamlining the integration process.<\/p>\n<p>\u201cUsing our existing Ethereum smart contracts on ZetaChain will create a lot of new use cases for Sushi. For example, with the introduction of SushiXSwap, our cross-chain swap, we\u2019ll be able to offer Bitcoin swapping across 30 different chains,\u201d he said.<\/p>\n<p>The team plans to roll out a decentralized exchange (DEX) on the ZetaChain testnet, followed by full functionality for Bitcoin interoperability upon the mainnet\u2019s launch.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/sushi-makes-defi-history-with-native-bitcoin-on-zetachain.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ David Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain. The move, announced by Sushi in a blog post on Thursday, will allow users to seamlessly swap BTC across 30 different networks without the need [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-48730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sushi Makes DeFi History with Native Bitcoin on ZetaChain | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ David Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol\" \/>\n<meta name=\"robots\" content=\"index, follow, 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