ThunderCore And Sushi swap have announced a partnership that advocates for a sustainable DeFi ecosystemreflecting SushiSwap’s reputation for embracing new business models and ThunderCore’s rapid growth as a layer-1 network focused on blockchain gaming.
The ThunderCore and SushiSwap partnership has tremendous potential to revolutionize the DeFi landscape. One of the key initiatives is to establish a revenue sharing model that improves the annual percentage rate (APR) for liquidity providers (LPs).
This significant improvement will drive sustainable growth of Total Value Locked (TVL) and drive demand for ThunderCore’s native token, $TT, through SushiSwap. Specifically, a portion of the fees generated from activities performed on ThunderCore via SushiSwap will be used to purchase both $SUSHI and $TT.
These newly acquired tokens are then distributed as rewards for LPs, ultimately increasing APRs for all participants. This innovative approach marks the beginning 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 range of innovative Sushi products to ThunderCore, including:
- Sushi v3 AMM: Sushi’s framework for launching and interacting with pools of different types with different fee levels.
- SushiXSwap: Sushi’s cross-chain swap tool for fast, reliable swaps between supported chains.
- Onsen: Onsen Farms are Sushi’s “double reward” farms that are for new projects seeking liquidity or for established projects with which Sushi works closely; these pools pay out in two assets instead of one.
- fury: Sushi’s token streaming platform is built on BentoBox, which allows token streaming from any compatible asset to any wallet over any time frame, along with options to create token strongholds and cliffs as well.
Post-integration, ThunderCore is about to experience a significant increase in Total Value Locked (TVL). This growth can be attributed to ThunderCore’s extensive user base and the potential of its own wallet, TT Wallet. The ThunderCore team has demonstrated impressive skill at 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 belief that a new business model is critical to fostering sustainable growth and driving continuous innovation within the blockchain and DeFi ecosystem.
As a result, in addition to introducing the said products, both ThunderCore and SushiSwap are actively collaborating to create a breakthrough revenue sharing mechanism that aims to revolutionize the DeFi landscape.
Here’s an overview of how our future revenue sharing mechanism will work:
- ThunderCore and SushiSwap use a percentage of the fees generated from activity on ThunderCore through SushiSwap to buy both $SUSHI and $TT.
- ThunderCore and SushiSwap will then allocate and distribute these $SUSHI and $TT tokens as rewards for LPs, incentivizing APRs for everyone.
As ThunderCore sets its sights on establishing a sustainable DeFi ecosystem with fortified TVL, CEO Roger Hsu acknowledges the pivotal role of the partnership with SushiSwap in this ambitious endeavor. With SushiSwap, both parties want to pave the way to a thriving DeFi landscape, characterized 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 strengthen its position as a top 5 blockchain in terms of DAUs.” said Chef Jared Gray.
Leveraging SushiSwap’s innovative expertise, their partnership with ThunderCore marks an important milestone in creating a more efficient and inventive DeFi landscape. Together they are committed to shaping a sustainable ecosystem that sets new industry standards.
About ThunderCore
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. The powerful blockchain offers a breakthrough consensus protocol PaLa, 4,000+ TPS, sub-second confirmation times, and low gas costs.
With over 8 million addresses, 680 million transactions and 133 million block height on its network, ThunderCore is committed to helping blockchain technology become widely adopted.
About SushiSwap
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 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.