ThunderCore has become the first batch of v3 integration with the popular decentralized exchange (DEX) platform, SushiSwap. This integration has brought about a significant increase in the Total Value Locked (TVL) on ThunderCore, as we prepare to offer the full suite of SushiSwap products to our users.
With a growing interest in decentralized finance (DeFi), this integration represents a positive step towards the development and expansion of the DeFi ecosystem, providing ThunderCore and SushiSwap users with more options and opportunities for growth.
SushiSwap Integration with ThunderCore
The integration of SushiSwap and ThunderCore involves offering SushiSwap’s suite of products on the ThunderCore platform which includes the SushiSwap v3 Automated Market Maker (AMM) framework that allows for the creation and interaction with different types of liquidity pools with varying fee tiers.
Additionally, SushiSwap has also become the official DEX aggregator on ThunderCore, providing a smoother crypto trading experience for developers and users.
However, the integration is still a work in progress, with plans for the integration of products such as v3 farming, SushiXSwap, Onsen, Furo, and Bento that will bring about several benefits for users, including increased TVL, rapid growth of trading volume, the opportunity to earn trading fees, and a seamless user experience on the platform.
Overall, SushiSwap’s integration as a DEX aggregator on ThunderCore is expected to bring about significant improvements in the DeFi ecosystem, providing users with increased liquidity and cross chain interoperability.
Benefits of the Integration
With the successful integration of SushiSwap, ThunderCore is poised to create an enhanced environment for the Decentralized Finance community, fostering a sustainable and inclusive network that benefits the entire ThunderCore ecosystem. The key advantages of this integration include:
- Incremental Total Value Locked (TVL): ThunderCore has experienced rapid growth in TVL on SushiSwap V3, currently ranking as the network with the highest TVL according to DefiLama.
- Increased Trading Volume: Leveraging SushiSwap’s innovative protocol and efficient swapping metrics, users can enjoy low slippage and fast transaction speeds, ensuring a seamless and effortless trading experience.
- Earn as a Liquidity Provider: In SushiSwap V3 pools, users can easily participate as liquidity providers. By strategically setting trading strategies within desired token price ranges, users can earn trading fees by providing liquidity in the pool and swap into other tokens once price targets are reached.
Overall, the integration of SushiSwap with ThunderCore is expected to bring about significant improvements in the DeFi ecosystem, providing users with a new paradigm in DEX and Blockchain relationships.
ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.
You can learn more about ThunderCore over on our Medium Blog.