Sushi to launch Susa — a decentralized derivatives platform on Layer N

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Sushi is about to launch Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2 answer aiming for high-speed transactions.

Layer N will help the event of functions, from smart contracts to rollups, by its Nord Engine, promising transaction speeds of underneath one millisecond.

“Sushi is happy to accomplice with Layer N,” mentioned Jared Gray, Sushi’s Head Chef, emphasizing the partnership’s alignment with the decentralized finance (DeFi) spirit and Layer N’s functionality for “higher capital effectivity and deeper liquidity” because of its modular rollup method, leveraging Ethereum’s security.

Layer N, described as an “Ethereum StateNet,” is a community facilitating shared communication and liquidity amongst rollup nodes. It’s making ready for a mainnet launch this month, having achieved 20,000 transactions per second (TPS) in exams, with a peak of 120,000 TPS.

The undertaking has attracted important funding, together with $5 million in seed funding in September 2023, co-led by Founder’s Fund, established by Peter Thiel.

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