- ThunderCore and SushiSwap have collaborated to create a sustainable DeFi ecosystem, focusing on revenue sharing and boosting APRs for liquidity providers.
- This significant advancement ensures the long-term growth of Total Value Locked (TVL) while increasing demand for ThunderCore’s native token, $TT, via SushiSwap.
ThunderCore and SushiSwap have announced a partnership to promote a long-term DeFi ecosystem, reflecting SushiSwap’s reputation for embracing new business models and ThunderCore’s rapid growth as a layer-1 network focused on blockchain games.
The ThunderCore and SushiSwap collaboration has the potential to transform the DeFi landscape completely. One of the key initiatives is creating a revenue-sharing model to improve the Annual Percentage Rate (APR) for liquidity providers (LPs).
This significant advancement ensures the long-term growth of Total Value Locked (TVL) while increasing demand for ThunderCore’s native token, $TT, via SushiSwap. A portion of the fees generated by ThunderCore activity via SushiSwap will be used to purchase both $SUSHI and $TT.
These newly acquired tokens will then be distributed as LP rewards, increasing APRs for all participants. This innovative approach ushers in a new era of collaboration, scalability, and a user-centric approach in the DeFi space.
SushiSwap’s Products on ThunderCore
This collaboration will bring ThunderCore a suite of innovative Sushi products, including:
- Sushi v3 AMM: Sushi’s framework for spinning up and interacting with pools of various types, each with a different fee tier.
- SushiXSwap: Sushi’s cross-chain swap tool allows quick, trustless swaps between supported chains.
- Onsen farms: Sushi’s “double reward” farms are for either new projects seeking liquidity or established projects with which Sushi is closely working; these pools payout in two assets rather than one.
- Furo: Sushi’s token-streaming platform is based on BentoBox, which enables token streaming of any compatible asset to any wallet over any timeframe and the creation of token vestings and cliffs.
ThunderCore is expected to significantly increase in Total Value Locked (TVL) following the integration. This expansion can be attributed to ThunderCore’s large user base and the potential of its native wallet, TT Wallet. Through their proprietary Web3 technology and a gamification strategy that prioritizes entertainment and efficient, cost-effective transactions, the ThunderCore team has demonstrated impressive proficiency in acquiring and retaining new users.
Setting Out to Transform the DeFi Landscape
ThunderCore and SushiSwap believe a new business model is critical for fostering long-term growth and fueling continuous innovation in the blockchain and DeFi ecosystems.
As a result, in addition to launching the products mentioned above, ThunderCore and SushiSwap are working together to develop a groundbreaking revenue-sharing mechanism to revolutionize the DeFi landscape.
Here’s a rundown of how the upcoming revenue-sharing mechanism will work:
- ThunderCore and SushiSwap will use a percentage of fees generated by ThunderCore activity via SushiSwap to purchase both $SUSHI and $TT.
- ThunderCore and SushiSwap will allocate and distribute these $SUSHI and $TT tokens to LPs as rewards, increasing APRs for everyone.
As ThunderCore sets its sights on establishing a sustainable DeFi ecosystem with increased TVL, CEO Roger Hsu recognizes the partnership with SushiSwap as critical to this ambitious endeavor. With SushiSwap, both parties hoped to pave the way for a thriving DeFi landscape marked by long-term growth and increased Total Value Locked (TVL).
According to HeadChef, Jared Grey, “We are excited to launch on the ThunderCore chain and join the ThunderCore ecosystem to help ThunderCore further cement its ranking as a top 5 blockchain in terms of DAUs.”
SushiSwap’s collaboration with ThunderCore, which leverages SushiSwap’s innovative expertise, marks a significant milestone in creating a more efficient and inventive DeFi landscape. They are committed to building a sustainable ecosystem to set new industry standards.
