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Sushi partners with ZetaChain for initial trials of Bitcoin DeFi swaps

Sushi partners with ZetaChain for initial trials of Bitcoin DeFi swaps

Reaction (in the style of Hunter S. Thompson):

Well, well, well, ladies and gentlemen, hold onto your hats because Sushi is about to take us on a wild ride through the decentralized exchange world. They’ve teamed up with ZetaChain to test out some mind-bending native Bitcoin DeFi functionality. That’s right, folks, we’re talking about swapping BTC across a whopping 30 blockchain networks. Strap yourselves in, because this is going to be one hell of a trip.

Summary:

– Sushi, the decentralized exchange platform, is partnering with ZetaChain to explore native Bitcoin swaps across 30 different blockchain networks.

– This partnership aims to bring Bitcoin’s massive user base into the decentralized finance (DeFi) sector in a native and decentralized manner.

– ZetaChain’s technology allows for the building of Bitcoin-interoperable decentralized applications (DApps) that can settle contracts and transactions natively.

– The integration will take place in two phases, with the first phase introducing a DEX on ZetaChain’s testnet for basic asset swaps and liquidity provision.

– The second phase will see Sushi becoming one of ZetaChain’s launch partners when it deploys its mainnet, allowing for full functionality of Bitcoin interoperability.

– The technical details behind the functionality involve a cross-chain swap contract deployed on ZetaChain’s Ethereum Virtual Machine, enabling the transfer of value between connected chains, including Bitcoin.

– This partnership is seen as a significant advancement for DeFi, opening up new possibilities for interoperability and enhanced connectivity in the industry.

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