Beefy’s Sushi Partnership
A multichain match made in heaven
Beefy’s multichain journey is going from strength to strength. After last weeks announcements with Pangolin on Avalanche, we’re now happy to announce that we are working directly with SushiSwap to bring you the best yields on Polygon.
To celebrate this partnership, we’re currently running our BeefSUSHI week with AMAs and token giveaways.
Learn more about BeefSUSHI week, here.
What is SushiSwap?
Well, it’s kind of a big deal. Sushi over $3 Billion TVL across five chains, with $677M on Polygon alone.
Sushi is a community-driven DeFi project.
Their community is building a comprehensive, decentralized trading platform for the future of finance. Their products include a regular AMM DEX, MISO their IDO platform, and Kashi for leveraged lending and borrowing).
Their NFT platform Shoyu will be coming soon.
Sushi on Polygon, with a side of Beef
We asked Sushi why they deployed onto Polygon, and they told us there were three main reasons:
One
Polygon’s growing ecosystem — new projects deploying there everyday and Ethereum projects are coming there too. There are many new assets and users who never even used Ethereum, Sushi is looking to attract them directly on Polygon. Overall, there are many opportunities.
Two
The second reason is transactions are faster and cheaper. That’s what many users are adopting Polygon already.
Three
The third reason is that its sidechain is EVM-compatible — which is easy to deploy and easy for users to switch onto.
Users only need to add Polygon network on their wallets and then they will be able to use Sushi on Polygon.
If you are on app.sushi.com, you can click “Select a Network” and choose “Polygon (Matic)” to starting using Polygon Sushi.
Beefy’s Sushi Liquidity
Last week, Sushi added Beefy Finance to their Onsen rewards programme. This means they are paying out additional rewards on the BIFI-USDC pair, and we have already vaulted this on polygon.beefy.finance.
Beefy Finance is the leading multichain yield optimizer, providing LPs with higher yields. We share the common multichain vision, and will work together on Polygon and more chains in the future to give Sushi LPs better yields
— Sushi Team
Beefy’s Other Sushi Vaults
There are 18 amount of Sushi vaults on Beefy Finance, with around $5M of assets already autocompounding for our users.
The most popular Sushi vault on Beefy Polygon is our ETH-MATIC pair currently paying 0.11% daily interest.
