{"id":32612,"date":"2020-12-01T11:34:47","date_gmt":"2020-12-01T09:34:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32612"},"modified":"2025-08-28T09:33:54","modified_gmt":"2025-08-28T06:33:54","slug":"yearn-finance-to-absorb-its-perennial-rival-sushiswap-a-fork-of-uniswap","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/yearn-finance-to-absorb-its-perennial-rival-sushiswap-a-fork-of-uniswap\/","title":{"rendered":"yEarn.Finance to absorb its perennial rival SushiSwap, a fork of Uniswap"},"content":{"rendered":"

The decentralized finance protocol yEarn.Finance announced the acquisition of SushiSwap, a fork of the leading non-custodial platform Uniswap. The founder of the project, Andre Cronje, said<\/a>.<\/p>\n

As part of the deal, assets locked in SushiSwap (TVL) will be moved to yEarn.Finance. The latter’s TVL, according to DeFi Pulse<\/a>, stands at $455 million. SushiSwap’s TVL at the time of writing is over $730 million.<\/p>\n

\"yEarn.Finance<\/p>\n

Data: DeFi Pulse.<\/p>\n<\/div>\n

After the deal closes, the project’s available capital will total almost $1.2 billion. This will make yEarn.Finance the second-largest decentralized exchange (DEX) after Uniswap. The latter’s TVL is estimated at $1.36 billion.<\/p>\n

Cronje argues that the rationale for merging yEarn.Finance and SushiSwap is largely driven by the similar functionality of the two projects.<\/p>\n

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“The strategies of yEarn.Finance require the experience of a customised AMM [automatic market maker], and SushiSwap expands the boundaries of yield farming and money markets,” Cronje said.<\/p>\n<\/blockquote>\n

SushiSwap will also assist yEarn.Finance in launching the Deriswap platform, which will feature swaps, options and a lending function.<\/p>\n

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“Yearn will participate in the governance of Sushi by adding a little SUSHI to its treasury. SushiSwap will also participate and add its own YFI,” Cronje said.<\/p>\n<\/blockquote>\n

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The runaway ‘Chef’, DeFi fever and the whales’ gambit: how SushiSwap attracted $1 billion in two weeks<\/a><\/p>\n<\/blockquote>\n