Team DEX SushiSwap announced the launch of a decentralized derivatives exchange – Susa – based on the Layer N L2 solution.
⚡️ LayerN's Nord Engine featuring over 100k TPS & <1ms latency
🔧Unprecedented user-centric features
🦾 CEX/CeFi Experience
Sign up: https://t.co/2QZRvH4p09
— Susa (@susa_ex) February 9, 2024
According to the statement, Susa uses the Nord Engine stack, which allows the platform to process “more than 100,000 transactions per second with latency periods of less than 1 millisecond.” This speed of transactions will give the exchange the opportunity to compete in performance with centralized counterparts, the developers believe.
Susa can leverage Layer N's StateNet ecosystem architecture to build non-custodial applications on top of the core platform, ranging from simple smart contracts to complex rollups.
“Layer N's modular approach to consolidation provides greater capital efficiency and liquidity while leveraging the security of Ethereum. This approach fits perfectly with the modular network strategy that is gaining momentum in the DeFi space,” said SushiSwap “Chef” Jared Gray.
Susa is set to be one of the first exchanges to launch as a StateNet node. At the start, the platform will offer perpetual contracts, and later will add spot and “exotic” markets, DEX representatives emphasized.
Layer N is a second layer solution designed as a network of customized and optimized rollups based “on a common level of connectivity and liquidity.” The main goal of the project is to scale decentralized financial applications. Previously, the startup closed a seed round of $5 million under the leadership of venture capital company Founders Fund Peter Thiel.
Let us recall that in September 2023, SushiSwap announced its expansion to the Aptos level 1 blockchain.
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