ThunderCore is excited to announce a ground-breaking new partnership with SushiSwap, with the shared goal of establishing a revolutionary and sustainable DeFi ecosystem. This collaboration marks a significant milestone as we strive to benefit all our users and drive the growth of TVL within our ecosystem.
One of the key aspects of this partnership is the establishment of a revenue sharing model, which is designed to enhance the APR for our valuable liquidity providers (LPs). This innovative approach not only enables LPs to maximize their earnings on ThunderCore, but also fosters a continuous and sustainable circulation of liquidity throughout the ecosystem.
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: Sushi’s “double reward” farms designed for new and established projects seeking liquidity.
- Furo: Sushi’s token-streaming platform that allows for flexible asset streaming and token vesting options.
ThunderCore to become key player on SushiSwap
ThunderCore has taken a pioneering step by becoming the first batch of public blockchain to implement V3 farming within the SushiSwap ecosystem. As a result, ThunderCore stands as the sole blockchain to exclusively offer V3 AMM and V3 farming capabilities.
This groundbreaking integration of ThunderCore’s technological prowess and SushiSwap’s multi-chain ecosystem empowers us to leverage our entrepreneurial spirit and foster the development of a sustainable DeFi landscape. With ThunderCore’s active and dedicated user base, alongside the promising TT Wallet, we are well-positioned to drive innovation and cultivate a thriving DeFi ecosystem in collaboration with SushiSwap.
Upon integration, we expect ThunderCore’s TVL to increase significantly, making it one of the major blockchains on SushiSwap. ThunderCore team has demonstrated an exceptional ability to acquire and retain new users thanks to its proprietary Web3 technology and a DApp gamification strategy that prioritizes entertainment and ultra-fast and cheap transactions.
This makes ThunderCore a natural fit for SushiSwap, a leading decentralized exchange (DEX) that ranks in the global Top 10 of exchanges by trading volume.
New Revenue-sharing Mechanism
ThunderCore and SushiSwap agree that a fresh model is crucial to foster sustainable growth and spur on continued innovation in the blockchain and DeFi ecosystem.Therefore, In addition to deploying the above-mentioned products, SushiSwap and ThunderCore are also developing a new revenue-sharing mechanism to shake things up in the DeFi space.
Here’s how ThunderCore and SushiSwap new revenue-sharing mechanism will work:
- We will use a percentage of fees generated by activity conducted on ThunderCore via SushiSwap to buyback $TT and $SUSHI.
- We will then allocate and distribute these $SUSHI and $TT tokens as rewards to LPs, thereby boosting APRs for everyone.
- ThunderCore will use the buyback $TT to incentivize the community for a sustainable ecosystem.
Partnership to break DeFi deadlock
“There’s a stifling deadlock in the recent DeFi market in terms of innovation. The space is in limbo and in need of inspiration. We intend to create that,” said ThunderCore CEO Roger Hsu. “Thanks to our partnership with SushiSwap, we’re well on our way to creating a sustainable DeFi ecosystem that redefines incentivization of better rewards mechanics .”
Stay tuned for more updates as our partnership evolves and breaks new ground in the DeFi space.
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.
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.