Decentralized finance company Sushi plans to launch a decentralized derivatives platform named Susa on Layer N, an Ethereum layer 2 network. Layer N utilizes rollups and a shared communication layer to improve transaction speeds and efficiency.
Susa will leverage Layer N’s Nord Engine to enable over 100,000 transactions per second with a sub-millisecond response time. The goal is to match the performance of centralized exchanges. Builders can create custom decentralized applications on top of Susa, including smart contracts and rollups.
Initially, Susa will focus on offering permanent contracts. It plans to later expand into spot and exotic derivative markets. The platform also intends to introduce several user-centric features that have yet to be secret. Susa is expected to launch on Layer N’s testnet in the first half 2024.
The Susa announcement comes after Layer N raised $5 million in seed funding last September from investors, including Founders Fund. Layer N claims its mainnet, expected to launch this month, can currently handle 20,000 transactions per second with a peak of 120,000 TPS.
Sushi states Susa aligns with the modular network strategy gaining traction in DeFi. By building on Layer N, Susa can leverage the efficiency and security of Ethereum while enhancing performance.
Also Read: Ethereum’s Dencun Upgrade Goes Live on Holesky Testnet
