GoldenTree announces a $5.2 million investment in Sushiswap

0

[ad_1]

Asset management giant GoldenTree has taken another leap in the crypto space after investing about $5.2 million in the SushiSwap governance token.

Asset management firm GoldenTree announced via the Sushiswap forum on Wednesday that it has invested $5.2 million in Sushiswap.

GoldenTree, which has around $47 billion in assets under management, revealed that it had been following Sushi for a while. The firm said the launch of its crypto-focused GoldenChain Asset Management arm made it excited to invest in Sushiswap. GoldenTree said;

“We wanted to take a moment to introduce ourselves to the community. We’ve been following Sushi for a while (some of us for several years now), and with the launch of GoldenChain, we are psyched to be more active in all things Sushi. We’re excited about the Sushi 2.0 roadmap, and think upcoming cross-chain integrations for swapping and lending (Sarang is incredibly thoughtful on this front), and updated tokenomics (we’ve been throwing them some ideas around tokenomics) have the potential to be transformative for Sushi.”

SushiSwap, similar to Uniswap, is a decentralised exchange (DEX) that allows people to easily swap one token for another.

Users can buy Sushiswap tokens on a wide range of centralised and decentralised cryptocurrency exchanges.

The GoldenTree team added that it believes Sushi has incredible potential. They added that;

“To GoldenTree, Sushi represents the best of DeFi, both in origin and in community. Sushi is what DeFi is all about: iterating and innovating, without artificial barriers to competition. We love the approach to new, composable products such as Trident and Bento that give developers frameworks on which to layer on complexity has been quite novel. We don’t think the full power of these products has been unlocked yet or appreciated by many devs.”

The Sushiswap vs. Uniswap comparison continues to be present in the crypto space. The Sushiswap decentralised exchange was created as a copy of Uniswap, with added liquidity mining and governance features.

The investment comes a few days after Sushi community members elected Jared Grey as CEO. GoldenTree said the community has been through some tough challenges, and it has been amazed at the resilience of both the core team and the community in the face of these speed bumps.



[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 77,366.00
ethereum
Ethereum (ETH) $ 2,225.82
tether
Tether (USDT) $ 0.999200
bnb
BNB (BNB) $ 699.53
xrp
XRP (XRP) $ 1.25
usd-coin
USDC (USDC) $ 0.999728
solana
Solana (SOL) $ 94.82
tron
TRON (TRX) $ 0.335944
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
hyperliquid
Hyperliquid (HYPE) $ 91.90
zcash
Zcash (ZEC) $ 1,229.61
dogecoin
Dogecoin (DOGE) $ 0.075549
monero
Monero (XMR) $ 598.99
usds
USDS (USDS) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 74.07
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
leo-token
LEO Token (LEO) $ 9.40
chainlink
Chainlink (LINK) $ 11.15
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
cardano
Cardano (ADA) $ 0.191817
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
stellar
Stellar (XLM) $ 0.169484
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
bitcoin-cash
Bitcoin Cash (BCH) $ 291.25
near
NEAR Protocol (NEAR) $ 4.30
rain
Rain (RAIN) $ 0.006412
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
dai
Dai (DAI) $ 1.00
susds
sUSDS (SUSDS) $ 1.08
ethena-usde
Ethena USDe (USDE) $ 0.998801
uniswap
Uniswap (UNI) $ 6.99
litecoin
Litecoin (LTC) $ 55.47
usd1-wlfi
USD1 (USD1) $ 0.998235
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
canton-network
Canton (CC) $ 0.096154
avalanche-2
Avalanche (AVAX) $ 8.34
blockchain-usd
Blockchain USD (USDB) $ 0.932324
sui
Sui (SUI) $ 0.890703
weth
WETH (WETH) $ 2,268.37
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.15
hedera-hashgraph
Hedera (HBAR) $ 0.071482
tether-gold
Tether Gold (XAUT) $ 3,898.01
usdt0
USDT0 (USDT0) $ 0.998824
global-dollar
Global Dollar (USDG) $ 1.00
paypal-usd
PayPal USD (PYUSD) $ 1.00
quant-network
Quant (QNT) $ 192.21
shiba-inu
Shiba Inu (SHIB) $ 0.000005
bittensor
Bittensor (TAO) $ 234.10
ripple-usd
Ripple USD (RLUSD) $ 1.00
Shares