In June, we unveiled a significant partnership, joining forces with Sushi to advance our shared vision of establishing a transformative DeFi ecosystem. This collaboration signifies a pivotal step toward enhanced sustainability and abundant growth prospects. As highlighted in our initial announcement, our collaboration entails comprehensive plans for integrations and collaborations, driving progress in the DeFi landscape. With ThunderCore becoming one of the top TVL providers on Sushi, the partnership looks better than ever.
As we continue to bolster the growth of both platforms, we are happy to announce a new update on this Web3 journey, our farming update. Sushi has successfully implemented and deployed the Farming Smart Contracts on the ThunderCore blockchain! That’s right, the Sushi farming contract on ThunderCore is live!
Let’s look at this partnership and what the farming program will enable for users everywhere!
ThunderCore and SushiSwap: A Strong and Growing Partnership
As ThunderCore maintains its position as one of the top TVL providers for Sushi, our confidence in the partnership and our ambition to bring even more to our users have only become greater. We will be constantly pushing to provide updates and upgrades that will enhance the stability, security, sustainability, and profitability of our platform/ecosystem. This is part of our initiative to bring better opportunities for our users as we strive to not only maintain ThunderCore for the long-term but also seek evolution in the Web 3 space.
The next step for this initiative we are pursuing was bringing the Sushi farming program live. This farming update will allow users to provide liquidity that will go toward strengthening our ecosystems.
This milestone aligns with the completion of Sushi token emissions, with all tokens now in circulation. A dedicated allocation of Sushi tokens has been reserved for ThunderCore users, enhancing the value for participants in both ecosystems. This collaboration is a step towards a more growth-focused DeFi environment.
Let’s look at how this update will benefit our users.
Benefits of the Farming Update
Here are some of the benefits for the farming update:
Ecosystem Growth– The farming program enables participants to lend assets to liquidity pools via yield farming. This activity facilitates trading and contributes to a more dynamic market, benefiting both existing and new traders.
Enhanced Market Efficiency: Farming aids in stabilizing the ecosystem. This leads to smoother exchange operations, which in turn results in improved price stability. Additionally, it offers traders greater flexibility and can reduce slippage in trades.
Increased Total Value Locked (TVL)– We expect increased growth that will be reflected by increased TVL. This will continue to help establish ThunderCore as a top liquidity provider for Sushi. Through reinforcing our position as an undeniable contributor and partner, we want to aim for long-lasting collaboration that will see even more exciting updates in the future.
About ThunderCore, Sushi, and the Future
ThunderCore is an EVM-compatible blockchain featuring a breakthrough consensus protocol, PaLa, allowing lightning-fast efficiency. With users in more than 100 countries, this blockchain emphasizes a growing global reach. ThunderCore offers a native currency, TT, and nurtures an innovative ecosystem within the TT Wallet mobile app.
Sushi is a leading multi-chain decentralized exchange (DEX) deployed across 30+ chains and featuring unique cross-chain swaps via SushiXSwap. Focusing on seamless user experiences, innovative trading, and enhanced liquidity provision, Sushi is committed to being a community-built, open-source ecosystem of all the DeFi tools you need.
We won’t be stopping here! The farming update is just one part of our journey with SushiSwap. With plans for even more integration and updates in the future, catch us next time at another ThunderCore update!
ThunderCore Official