ThunderCore and SushiSwap announce collaboration for sustainable development in the DeFi ecosystem

ThunderCore and SushiSwap announce collaboration for sustainable development in the DeFi ecosystem

ThunderCore and SushiSwap have announced a collaboration to promote sustainable development in the DeFi ecosystem. This collaboration reflects SushiSwap's reputation for embracing new business models and ThunderCore's rapid growth as a Layer 1 network focused on blockchain gaming.

One of the key initiatives of this collaboration is the establishment of a revenue share model that increases the annual percentage rate (APR) for liquidity providers (LPs). This model ensures the sustainable growth of Total Value Locked (TVL) and drives demand for ThunderCore's native token $TT via SushiSwap. A portion of the fees generated from activities conducted on ThunderCore via SushiSwap will be used to purchase $SUSHI and $TT. These newly acquired tokens are then distributed to LPs as rewards, increasing the APR for all participants. This innovative approach marks the beginning of a new era characterized by collaboration, scalability and a user-centric approach in the DeFi space.

As part of the collaboration, ThunderCore will offer a range of innovative Sushi products, including the Sushi v3 AMM, SushiXSwap, Onsen and Furo. The integration of these products is expected to result in a significant increase in Total Value Locked (TVL) on ThunderCore, thanks to ThunderCore's extensive user base and the potential of its native wallet TT Wallet. ThunderCore has already proven itself to be an expert at attracting and retaining new users through its proprietary Web3 technology and a gamification strategy focused on entertainment and efficient, cost-effective transactions.

Both ThunderCore and SushiSwap share the mindset that a new business model is crucial for sustainable growth and continuous innovation in the blockchain and DeFi ecosystem. That’s why they are actively working to create a groundbreaking revenue sharing mechanism that aims to revolutionize the DeFi landscape. This mechanism provides that ThunderCore and SushiSwap use a percentage of the fees generated by activities conducted on ThunderCore via SushiSwap to purchase both $SUSHI and $TT. These tokens are then distributed to LPs as rewards, increasing APRs for everyone.

ThunderCore CEO Roger Hsu recognizes the critical role of the partnership with SushiSwap in creating a sustainable DeFi ecosystem with increased TVL. Collaborating with SushiSwap allows both parties to pave the way to a thriving DeFi landscape characterized by sustainable growth and increased Total Value Locked (TVL).

ThunderCore is a fast and secure EVM-compatible Layer 1 blockchain founded in Silicon Valley in 2017. With powerful features such as the PaLa consensus protocol, over 4,000 TPS, sub-second confirmation times, and low gas fees, ThunderCore aims to achieve widespread adoption of blockchain technology. SushiSwap, on the other hand, is a leading decentralized exchange that offers a wide range of DeFi products and services to drive innovation and support a diverse ecosystem of blockchain projects. Together, ThunderCore and SushiSwap are working to create a sustainable ecosystem and set new industry standards.