Sushiswap and Aura Finance Begin New DeFi Experiment

Breaking News
Written By Keegan King

Popular DeFi protocols Sushiswap and Aura Finance have teamed up in a new experiment to test how well web3 protocols can coordinate their projects through decentralized social interactions. The experiment is being done to test and prove the efficacy of web3 and how interoperability can be improved over time. 

For DeFi investors, this means that users will be able to interact with multiple different chains when storing assets into different DeFi services such as lending platforms, yield farms, and liquidity pools. 

The effect, summarized by Aura, is to create a large global platform for users through coordinated communication between both teams. In web2 business models this tends to be a fairly straightforward process, but in web3 it requires additional effort from developers as many protocols are governed by community activity in most cases.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
Previous

Dell Partners with Hedera for New Web3 Project
Next

UK Mandates Authorization for Crypto Advertisers