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Sushi partners with ZetaChain to initiate trials for Bitcoin DeFi swaps

Sushi partners with ZetaChain to initiate trials for Bitcoin DeFi swaps

Decentralized exchange Sushi is partnering with interoperability platform ZetaChain to test native Bitcoin (BTC) functionality. This partnership aims to enable users to swap BTC across 30 different blockchain networks in a decentralized and permissionless manner. The integration will include Sushi’s automated market makers and cross-chain swap feature. ZetaChain’s core contributor believes that this partnership can bring Bitcoin’s large user base to the decentralized finance (DeFi) sector. The technology has been proven at a testnet level and will be launched through partnerships with SushiSwap and other DeFi protocols. Sushi’s head chef sees this integration as a significant advancement for DeFi and a game-changer for the industry. The integration will take place in two phases, with the first phase supporting basic asset swaps and liquidity provision on ZetaChain’s testnet. The technical details behind the functionality involve a cross-chain swap contract deployed on ZetaChain’s Ethereum Virtual Machine. BTC is transferred to a TSS address, locked, and observed by validators who then create cross-chain transactions to facilitate the swap. This partnership has the potential to revolutionize the DeFi industry by increasing liquidity and enhancing interoperability.

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