As part of Yelay’s continued expansion into the Sui Network, our ecosystem project, PERQ, is launching a brand new Sui Pod. The pod will allow users to take their assets on the Ethereum Network, deposit them into Perq’s Sui Pod, and earn rewards on the Sui Network — all without leaving Ethereum — helping unlock billions of dollars in Ethereum-based liquidity for Sui.
It’s all part of Yelay’s mission to revolutionise the yield-earning potential within decentralised finance (DeFi) by bringing Ethereum yield to Layer 1 blockchains. Our integration with Sui marks a huge step forward in this goal. The integration of The Yield Layer within the Sui ecosystem will eventually allow users of the Sui network to stake and access yields and rewards from our partners like AAVE, Curve, Morpho, Gearbox, and Lido Finance — all without needing a bridge from or to leave Sui’s ecosystem.
Understanding PERQ Supercharged LaunchPools
PERQ, built using Yelay’s Yield Layer infrastructure, has brought its decentralised launchpools on-chain and supercharged them with DeFi yields, allowing anyone to delegate their yield bearing assets towards a project. In return, depositors receive easy and transparent token allocations, where instead of providing a bond to an actively validated service (AVS), they delegate the yield from their assets to an entire ecosystem’s launched and pre-launched projects.
Currently, Ethereum mainnet has more total value locked (TVL) than the next 50 chains combined, which is why PERQ plays a central role in our mission to bring Ethereum yield to more blockchains.
PERQ Pod for Sui: The Yelay Integration
Among the projects that will be available to earn tokens from within the Sui Pod is Yelay itself! Through the Pod, users can stake and earn $YLAY tokens as part of a basket of other Sui ecosystem projects.
Joining Yelay in the first PERQ Pod for Sui are:
Hydro, which helps online publishers fully monetise their web traffic through ‘time spent,’ reducing reliance on ads.
Ika, a sub-second Multi-Party Computation (MPC) network powering multi-chain coordination on Sui.
Native, which enables access to Bitcoin’s liquidity.
Nativerse, a universal non-custodial liquid staking layer on Bitcoin.
RCRD, a video platform where creators earn up to 100% ad revenue and users engage with video responses.
Want a slice of the action?
To get started, users can follow a simple, straightforward process:
- Select an ecosystem Pod on PERQ — in this case, Sui.
- Deposit Ethereum or stablecoins into the Pod and sit back as PERQ puts your tokens to work.
- Watch as you earn rewards, airdrops and gain exposure to launched and pre-launch projects through PERQ’s Pod offerings — all from staking Ethereum-based assets.
- Once the Sui Pod ends, rewards will be available to collect on the Sui Network, using a Sui wallet you have authorised.
Check out the PERQ Sui Pod today for exposure to Ethereum yield within the Sui ecosystem and the latest in economic restaking innovation.
