DeFi
Protocol Yearn.Finance Announce Fifth Merger With SuhsiSwap
Decentralised Finance (DeFi) protocol Yearn.Finance (YFI) announced it is merging with
SushiSwap, a fork of the popular decentralised exchange (DEX)
Uniswap. As part of the merger Yearn and SushiSwap's development
resources would be shared and their total value locked would be combined.
The merger would bring the new
TVL of Yearn.Finance to well over $1 billion according to data from DeFiPulse. In recent days Yearn has
merged with; Pickle Finance, Cream Finance, Cover, and
Akropolis. Yearn founder Andre Cronje said:
"As Sushi focused on
expanding their AMM [automated market maker] ecosystem, and as Yearn focused
on expanding their strategies, more and more overlap became apparent, Yearn
needed custom AMM experiences for their strategies, and Sushi started pushing
the boundaries of yield and money markets."
