Sushi is now live on Kadena, so that traders and liquidity providers have a new place to exchange, use and experiment. Thanks to the integration, Sushi users have direct access to V2 pools on Kadena via the familiar interface of Sushi. Swaps, LP positions, rewards and all the usual tools are available on a new layer 1, built on proof-of-work.
Kadena is not another copy of the chains that we have seen before. The Chainweb design combines several parallel POW chains with each other, so that the network can scale without specifying the security model that POW is known for. This architecture, together with the newly added EVM compatibility, means that teams can use Solidity contracts and can benefit from parallel version and low gas costs without having to grab or switch to Layer 2S to Validator-based security. Kadena also delivers its own pact smart contract language, which is readable for people and is picked as easier to check. And its makers emphasize energy efficiency while Chainweb scales up.
A new era for safe and scalable Defi-trade
This summer, Kadena pushed the next chapter in that plan with a Chainweb EVM test network that produced more than 50 projects and a $ 50 million subsidy fund to stimulate development. For Defi builders and institutions that are looking for a higher transit without giving up POW security, that combination is an attractive experiment.
The change is practical for sushi users: you can exchange Sushi’s V2 AMM on Kadena and provide liquidity to earn rewards, all through tools that you already know. It is a simple way to move capital to an environment that claims low costs and a high processing capacity, while you adhere to a POW security model.
This step is important because it broadens the expectations of many people about POW-Blockchains. If Kadena are promises, persistent developer activity, real liquidity and the cost/safety considerations it advertises, this could be an important example of Defi that runs on an alternative L1 architecture. For the time being, the presence of Sushi traders and LPs simply gives a place to use capital and see how a braided POW approach deals with the requirements of modern decentralized finances.
