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ThunderCore is thrilled to announce a new partnership with SushiSwap, the leading peer-to-peer decentralized exchange. With this partnership, the layer-1 network is all set to build a sustainable DeFi ecosystem that is not only innovative but also beneficial to the users. Furthermore, ThunderCore has secured its position as part of the inaugural group of V3 and V3 farming chains, alongside Ethereum, Polygon, BSC, Arbitrum, and others. This partnership is projected to draw in an estimated TVL of over 10 million on ThunderCore.
About the ThunderCore – SushiSwap partnership
ThunderCore has joined forces with Sushi to uphold their pledge to enhance the TVL on-chain. This collaboration holds the potential to revolutionize the DeFi market. This partnership is going to change the DeFi market. This is especially true as SushiSwap has been actively trying to venture out and try out business models with innovative projects, and ThunderCore will help them jumpstart the partnership.
What made SushiSwap go for a partnership with ThunderCore were the ecosystem’s high user base and the native wallet, TT Wallet, which supports the DApp ecosystem of the platform. The $TT (ThunderCore Token) is the chain’s native asset. From the very start, ThunderCore has been a prominent name in the Web3 game charts and has become a strong representation of how DApps can scale on the platform because they’re great at retaining users through engagement. This user retention strategy requires ThunderCore to put daily active users in the top 5 positions on the public blockchain.
SushiSwap has a growing trading volume and total value locked, making the exchange one of the top players in the crypto space. Upon the integration of Sushi, it is safe to assume that ThunderCore’s TVL is going to increase after the partnership, which is going to make the platform one of the major blockchains on SushiSwap. On top of that, ThunderCore possesses innovative revenue-sharing metrics that influence its ranking among the top 5 blockchain on Sushi.
Key takeaways from the partnership: deals and agreements
The partnership will introduce a range of sushi products to ThunderCore. These include:
Furo: The token-streaming platform is built upon BentoBox. Furo enables token streaming of any compatible asset over any timeframe, and that too to any wallet. Furo also allows the option to create token vestings and cliffs.
Onsen: Sushi’s “double reward” farms are known as Onsen farms and are utilized for either new projects that are seeking liquidity or projects that are already working closely with Sushi.
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.
Upcoming steps: co-build a revolutionize DeFi ecosystem
Both ThunderCore and SushiSwap agree on the current DeFi market is facing, and they are set to change that scenario. The partners strongly believe that to optimize the DeFi ecosystem and blockchain, a new business model is required that will allow revenue sharing in order to have sustainable growth.
- Both parties have agreed that a certain percentage of fees will be generated from activity conducted on ThunderCore via Sushi.
- This will be used to buy both TT and sushi and can be used as a reward. The newly-bought rewards will be distributed to LPs, which will boost APRs for the users.
- ThunderCore will incentivize the community through the buyback of $TT to build a sustainable ecosystem.
About ThunderCore
Founded in 2017, ThunderCore is a layer-1 blockchain renowned for providing speed and security when creating infrastructure for DApps. ThunderCore is specifically designed for usability, scalability, and security to offer a streamlined user experience that is based around mobile games.
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