ThunderCore has teamed up with Algebra Protocol, a leading DeFi solution provider, to make deploying applications on ThunderCore much easier and efficient. This is a significant milestone for ThunderCore, as it represents our platform’s ongoing efforts to collaborate with top DeFi partners in the industry, following our successful partnership with SushiSwap.
The ThunderCore-Algebra Protocol partnership marks an exciting development in the DeFi space, as two innovative blockchain platforms come together to offer new solutions and opportunities for developers and users alike. Let’s take a deeper look at what this partnership entails.
Introduction to Algebra Protocol
Algebra Protocol stands as a decentralized exchange (DEX) engine that introduces a multitude of innovative features aimed at enhancing the trading efficiency of DEXs, surpassing traditional platforms like Uniswap V3. Through the incorporation of Concentrated Liquidity, Dynamic Fees, and Limit Orders, Algebra Protocol offers a user-friendly solution that addresses the issues of price slippage and Impermanent Loss.
Moreover, the development team provides comprehensive support and easy integration guides, facilitating the seamless integration of Algebra Protocol’s codebase into DeFi platforms. This integration opens up a realm of advantages for liquidity providers and traders alike.
Algebra Protocol is already integrated by several game-changers in the DeFi space, including THENA Fusion, Zyberswap V3, QuickSwap V3, Camelot V3, StellaSwap ‘Pulsar’, and many other DEXes across various chains. And your DEX can be the next in line! Contact the team to learn more.
With its innovative solutions and growing list of integrations, Algebra Protocol is quickly becoming a go-to platform for DeFi developers and users looking to improve the efficiency and effectiveness of their trading strategies.
Accelerating Dex Developers on ThunderCore with Algebra
Under the partnership between ThunderCore and Algebra Protocol, DEX developers can deploy their DEX on the ThunderCore platform using Algebra Finance, which is valued at over 13K USD.
Additionally, they can apply for the 10M developer growth program on ThunderCore, which provides funding of up to $100K+ to accelerate the growth of their DEX. The program is designed to help developers grow their projects on ThunderCore and acquire new users.
Apart from being developer-friendly, ThunderCore is also committed to growing its user base and providing a good user experience. One of the key ways it does this is through its native wallet, TT Wallet, which has over 400K monthly active users and 70K daily active users.
Overall, the ThunderCore-Algebra Protocol partnership offers a range of benefits to DEX developers, including access to innovative solutions, funding opportunities, and a platform for growing their user base.
Benefits for the ThunderCore Ecosystem
The ThunderCore-Algebra Protocol partnership offers several benefits to the ThunderCore ecosystem. First, the integration of Algebra Protocol’s innovative solutions, including Concentrated Liquidity, Adaptive Fees, Built-in Farming, Limit Orders, and Tick Spacing Adjustment, will provide DEX users with a more efficient and effective trading experience on ThunderCore.
This will help to attract more users to the platform and increase the Total Value Locked (TVL) on ThunderCore, which has already seen significant growth following the integration of SushiSwap.
Second, by collaborating with leading DeFi solution providers like Algebra Protocol, ThunderCore can offer a range of benefits to its users, including access to innovative solutions, funding opportunities, and a platform for growing their user base. This will help to attract more developers and users to the ThunderCore ecosystem, further driving its growth and success.
The ThunderCore-Algebra Protocol partnership represents an exciting development in the DeFi space, as two innovative blockchain platforms come together to offer new solutions and opportunities for developers and users alike. By leveraging the key features of Algebra Protocol, ThunderCore can improve the trading experience for DEX users, attract more users and developers to the platform, and create a more stable, secure, and growing ecosystem for its users.
About Algebra Protocol
Algebra is a Protocol allowing projects to implement the Concentrated Liquidity tech, along with other groundbreaking features. Already integrated into Camelot, THENA, QuickSwap, StellaSwap, Zyberswap, SpiritSwap, Ubeswap, Glacier, Équilibre, Nomiswap, SkullSwap, and more DEXs on different chains, Algebra helps them acquire higher volume & raise capital efficiency. Learn more on our website: algebra.finance.
$ALGB is the platform token of the Algebra Protocol, which can be staked, and used for governance, liquidity provision, and much more. The Algebra stakers get part of all fees acquired from the integrated DEXs in ALGB, while part of the commissions is used for buybacks, which strengthens the token itself (ALGB on CoinMarketCap).
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 endless opportunities.
You can learn more about ThunderCore over on our Medium Blog.