Decentralized finance company Sushi plans to release a decentralized derivatives platform called Susa on Layer N, an Ethereum Layer 2 aiming to replicate certain centralization features for decentralized platforms.
According to a statement, Susa developers will have the ability to design custom applications that range from smart contract applications to complete rollups on the exchange.
The platform will utilize Layer N’s Nord Engine, which allows for thousands of transactions to be processed in under one millisecond, with the ultimate goal of competing with centralized exchanges in terms of performance.
“Sushi is thrilled to collaborate with Layer N as we fully embrace the principles of decentralized finance by combining our expertise to create superior products,” stated Jared Grey, Head Chef at Sushi.
“Layer N’s modular approach to rollups enables greater capital efficiency and deeper liquidity, while leveraging the security of Ethereum,” Grey added. “This aligns perfectly with the growing trend of modular networks in the DeFi space, making Layer N one of the top technology stacks to build upon.”
Layer N’s website describes it as a network of rollup nodes, also known as an “Ethereum StateNet,” that share a communication and liquidity layer.
