mine corethe leading layer-1 blockchain, and sushi swappioneers in multi-chain decentralized finance, are pleased to announce their partnership aimed at building an innovative and sustainable DeFi EcosystemBringing together ThunderCore’s rapid growth and expertise in web3 gaming and SushiSwap’s entrepreneurial spirit, the collaboration between these two industry leaders creates powerful synergies to drive the future of decentralized finance.
With a common vision and consistent goals, SushiSwap and mine core Get ready to revolutionize the DeFi landscape. Together, they have developed a cutting-edge fee escalation model that increases the Annual Percentage Rate (APR), enabling Liquidity Providers (LPs) to maximize their returns within the ThunderCore ecosystem. This breakthrough mechanism ensures a sustainable cycle of liquidity, benefiting the ThunderCore and SushiSwap ecosystems.
Meanwhile, ThunderCore is proud to be the first to launch V3 farming in SushiSwap, cementing its position as one of the first chains to implement this breakthrough feature. Leveraging ThunderCore’s low gas fees, the platform will attract a variety of users eager to participate in liquidity provision. This strategic partnership between ThunderCore and SushiSwap marks a paradigm shift in the DeFi space, ushering in a new era of collaboration, scalability, and a user-centric approach.
The partnership will bring to ThunderCore an innovative suite of sushi products including:
● Sushi v3 AMM: Sushi’s framework for starting and interacting with different types of pools with different fee tiers.
● Sushi XSwap: Sushi’s cross-chain swap tool for fast, trustless swaps between supported chains.
● spa: Hot Spring Farms is Sushi’s “dual reward” farm for both new projects looking for liquidity and established projects that Sushi is working closely with; these pools are paid out in two assets rather than one.
● Open: Sushi’s token streaming platform, built on top of BentoBox, allows streaming of tokens from any compatible asset to any wallet within any time frame, as well as the option to create token vesting and cliffs.
The partnership aims to build a sustainable DeFi ecosystem
Both ThunderCore and SushiSwap believe that novel business models are critical to fostering sustainable growth and driving continuous innovation in the blockchain and DeFi ecosystem.
Therefore, with the deployment of the aforementioned products, it is foreseeable that both ThunderCore and SushiSwap are actively working on developing innovative revenue-sharing mechanisms aimed at disrupting the DeFi space.
Here’s a breakdown of how our upcoming revenue sharing mechanism will work:
● ThunderCore and Sushi will use a percentage of the fees generated by the activity on ThunderCore via SushiSwap.
● The two parties will distribute these $TT and $SUSHI as rewards to LPs, thereby increasing everyone’s APR.
● ThunderCore will also repurchase $TT and incentivize the community to build a sustainable ecosystem.
ThunderCore CEO Roger Hsu acknowledged the impasse in the DeFi market and expressed his intention to create inspiration and get out of this state. The partnership with SushiSwap plays a vital role in making this happen as they work towards building a sustainable DeFi ecosystem with improved reward mechanisms.
“We are excited to launch on the ThunderCore chain and join the ThunderCore ecosystem to help ThunderCore further solidify its position as a top 5 blockchain in terms of DAU,” said Chef Jared Gray.
ThunderCore is a fast and secure EVM-compatible layer 1 blockchain founded in Silicon Valley in 2017 to provide a robust infrastructure for DApps and the wider DeFi ecosystem. Its high-performance blockchain provides breakthrough consensus protocol PaLa, 4,000+ TPS, sub-second confirmation time and low gas fee.
With over 8 million addresses, 680 million transactions, and 133 million block heights on its network, ThunderCore is committed to enabling widespread adoption of blockchain technology.
SushiSwap is a leading decentralized exchange offering a wide range of DeFi products and services. We are committed to driving innovation and supporting a diverse ecosystem of blockchain projects. Our community-driven organization aims to solve liquidity problems in the DeFi space by leveraging network effects and connecting many decentralized markets and tools.
Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.
