📣📣😀😀Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain 😀😀
Decentralized finance (DeFi) platform Sushi announced that it will be expanding to layer-1 blockchain ZetaChain to add support for bitcoin (BTC). This addition will make it possible for users to swap bitcoin for other cryptocurrencies on the Sushi platform without having to wrap it first.
Wrapping is a process that converts one cryptocurrency into another. For example, wrapped bitcoin (WBTC) is a token that represents bitcoin on the Ethereum blockchain. WBTC is necessary to use bitcoin in DeFi applications on #Ethereum.
The addition of ZetaChain will make it possible for users to swap bitcoin for other cryptocurrencies on Sushi without having to wrap it first. This will make it easier for users to use bitcoin in DeFi applications, & it will also make it more capital efficient.
ZetaChain is a decentralized blockchain that is designed for interoperability. This means that it can communicate with other blockchains, such as Ethereum and Binance Chain. This makes it possible to transfer assets between different blockchains without having to wrap them first.
The addition of ZetaChain is a significant development for Sushi. It will make the platform more accessible to bitcoin users,& it will also make it more capital efficient. This could lead to increased adoption of Sushi & help to further grow the DeFi ecosystem.
The addition of Bitcoin to Sushi is a major step forward for the DeFi space. It will make it easier for users to use Bitcoin in DeFi applications, & it will also make it more capital efficient.
Here are some of the benefits of Sushi expanding to ZetaChain:
- Increased accessibility: Users will be able to use #bitcoin in DeFi applications without having to wrap it first.
- Improved capital efficiency: Users will not have to use as much capital to use Bitcoin in DeFi applications.
- Greater scalability: Sushi will be able to handle more transactions as it expands to ZetaChain