Sushi is now live on Bitcoin (BTC) sidechain Rootstock Rootstock’s integration with the decentralised exchange (DEX) will expand DeFi on Bitcoin. Users can now leverage Sushi’s advanced trading functionalities and other features while tapping into Bitcoin’s security and decentralisation. SushiSwap, a decentralised exchange (DEX) deployed across over 30 blockchains, is now live on Rootstock, a […]The post Sushi goes live on Bitcoin sidechain Rootstock appeared first on CoinJournal.

Sushi goes live on Bitcoin sidechain Rootstock

  • Sushi is now live on Bitcoin (BTC) sidechain Rootstock
  • Rootstocks integration with the decentralised exchange (DEX) will expand DeFi on Bitcoin.
  • Users can now leverage Sushis advanced trading functionalities and other features while tapping into Bitcoins security and decentralisation.

SushiSwap, a decentralised exchange (DEX) deployed across over 30 blockchains, is now live on Rootstock, a pioneering Bitcoin (BTC) sidechain.

The Sushi team announced the integration with Rootstock, which seeks to bring decentralised finance (DeFi) to the Bitcoin ecosystem, on Thursday. 

SUSHI price rose slightly after the news, increasing by about 3% to reach $1.23.

Major news as Sushi integrates with Bitcoin sidechain Rootstock

Rootstock is the first EVM-compatible Bitcoin (BTC) sidechain, having launched in 2018 as the crypto industry experienced exponential growth across smart contracts projects.

With security enhanced via Bitcoins mining mechanism, Rootstock aims to expand the world of DeFi on Bitcoin through Ethereum-compatible smart contracts. The network provides for the critical features of high scalability, fast transactions and interoperability.

Sushis integration will allow SUSHI holders to trade and provide liquidity on the Bitcoin sidechain, with users able to tap into Bitcoins security and decentralisation.

The integration will allow for the expansion of SushiSwaps trading functionalities to Rootstocks DeFi ecosystem.

This collaboration marks a significant expansion into the DeFi sector for Rootstock, enhancing its ecosystem with Sushis advanced trading functionalities. It also strengthens Sushis multi-chain expansion by adding Rootstock to the network, offering users diverse options for including Bitcoin in DeFi, the Sushi team said in an announcement.

Sushi is therefore helping to bridge Bitcoin-Fi and DeFi, giving the community access to new opportunities that leverage BTC assets.

Some of the features Sushi brings to Rootstock are token swaps and liquidity provision. Users can leverage these via Sushis V2 and V3 Automated Market Maker (AMM), a DEX aggregator, and Route Processor 4 (RP4). The latter provides for efficiency and optimised trading.

Rootstock users can access DeFi protocols and other dApps using RBTC, a native token pegged 1:1 to BTC.

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