ThunderCore partners with SushiSwap for DeFi ecosystem
ThunderCore and SushiSwap have announced a collaboration that is advocating a sustainable DeFi ecosystem, which reflects SushiSwap’s reputation for embracing new business models and ThunderCore’s rapid growth as a layer-1 network focused on blockchain games.
The collaboration between ThunderCore and SushiSwap holds immense potential to revolutionize the DeFi landscape. One of the key initiatives is the establishment of a revenue-sharing model that enhances the Annual Percentage Rate (APR) for liquidity providers (LPs).
This significant improvement ensures the sustainable growth of Total Value Locked (TVL) and drives the demand for ThunderCore’s native token, $TT, through SushiSwap. Specifically, a portion of the fees generated from activity conducted on ThunderCore via SushiSwap will be used to buy both $SUSHI and $TT.
These newly-acquired tokens will then be distributed as rewards to LPs, ultimately boosting APRs for all participants. This innovative approach marks the dawn of a new era characterized by collaboration, scalability, and a user-centric approach within the DeFi space.
SushiSwap products on ThunderCore
This partnership will bring a suite of innovative Sushi products to ThunderCore, including:
- Sushi v3 AMM: Sushi’s framework for spinning up and interacting with pools of different types with varying fee tiers as well.
- SushiXSwap: Sushi’s cross-chain swap tool for quick, trustless swaps between supported chains.
- Onsen: Onsen farms are Sushi’s “double reward” farms that are for either new projects seeking liquidity or for established projects that Sushi is working with closely; these pools payout in two assets instead of one.
- Furo: Sushi’s token-streaming platform is built upon BentoBox, which allows for token streaming of any compatible asset to any wallet over any timeframe, along with options to create token vestings and cliffs as well.
Following the integration, ThunderCore is poised to experience a substantial surge in Total Value Locked (TVL). This growth can be attributed to ThunderCore’s extensive user base and the potential of its native wallet, TT Wallet. ThunderCore team has demonstrated impressive proficiency in acquiring and retaining new users through their proprietary Web3 technology and a gamification strategy that prioritizes entertainment and efficient, cost-effective transactions.
Setting to transform the DeFi landscape
ThunderCore and SushiSwap are united in their conviction that a fresh business model is crucial for fostering sustainable growth and fueling continuous innovation within the blockchain and DeFi ecosystem.
As a result, in addition to introducing the mentioned products, both ThunderCore and SushiSwap are actively collaborating on the creation of a pioneering revenue-sharing mechanism that seeks to revolutionize the DeFi landscape.
Here’s an overview of how our upcoming revenue-sharing mechanism will function:
- ThunderCore and SushiSwap will use a percentage of fees generated by activity conducted on ThunderCore via SushiSwap to buy both $SUSHI and $TT.
- ThunderCore and SushiSwap will then allocate and distribute these $SUSHI and $TT tokens as rewards to LPs, thereby boosting APRs for everyone.
As ThunderCore sets its sights on establishing a sustainable DeFi ecosystem with boosted TVL, CEO Roger Hsu acknowledges the pivotal role of the partnership with SushiSwap in this ambitious endeavor. With SushiSwap, both parties aim to forge a path towards a thriving DeFi landscape, marked by sustainable growth and increased Total Value Locked (TVL).
“We are excited to launch on the ThunderCore chain and join the ThunderCore ecosystem to help ThunderCore further cement its ranking as a top 5 blockchain in terms of DAUs.” said Head Chef Jared Grey.
Leveraging SushiSwap’s innovative expertise, their collaboration with ThunderCore marks a significant milestone in creating a more efficient and inventive DeFi landscape. Together, they are dedicated to shaping a sustainable ecosystem that sets new industry standards.
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 broader DeFi ecosystem. Its high-performance blockchain offers a breakthrough consensus protocol PaLa, 4,000+ TPS, sub-second confirmation times, and low gas fees.
With over 8 million addresses, 680 million transactions, and 133 million block height on its network, ThunderCore is dedicated to bringing blockchain technology to broad adoption.
SushiSwap is a leading decentralized exchange, offering a wide range of DeFi products and services. We’re committed to driving innovation and supporting a diverse ecosystem of blockchain projects. Our community-driven organization aims to solve liquidity issues for the DeFi space, by leveraging network effects and connecting many decentralized markets and instruments.
Disclaimer: This is a paid post and should not be treated as news/advice.