Sushi, a decentralized finance (DeFi) platform, is set to spice things up with the launch of Susa, a decentralized derivatives platform. This new venture is perched on Layer N, an ambitious Ethereum Layer 2 project that aims to bridge the gap between the decentralized ethos and the efficiency of centralized systems.
Susa is not just another platform; it’s a canvas for creativity, offering builders the tools to craft everything from savvy smart contract applications to comprehensive rollups. Leveraging Layer N’s Nord Engine, Susa promises to deliver a trading experience that’s not just on par with centralized exchanges but aims to surpass them, boasting transaction speeds of less than a millisecond.
Jared Grey, the culinary mastermind behind Sushi’s innovative dishes, couldn’t hide his excitement. “Partnering with Layer N is like adding the perfect spice blend to our DeFi recipe. It’s all about pushing the boundaries to serve our community something extraordinary,” he remarked. Grey highlighted Layer N’s modular rollup strategy as a game-changer, praising its potential to pump up capital efficiency and liquidity, all under the secure umbrella of Ethereum.
Layer N, described as an “Ethereum StateNet,” is essentially a network where rollup nodes share a common communication and liquidity layer, aiming for a seamless and interconnected DeFi ecosystem.
With its mainnet launch on the horizon, Layer N has already turned heads in a trial run, managing 20,000 transactions per second and even hitting a 120,000 TPS peak. This performance is not just impressive; it’s a statement of intent.
The financial backing behind Layer N is equally noteworthy, with a $5 million seed fund co-headed by none other than Founder’s Fund, the venture powerhouse led by PayPal’s former CEO, Peter Thiel.
