Decentralized Exchange SushiSwap Partners Layer-1 Blockchain ThunderCore to Novelize the Web3 Gaming Domain Jun 6, 2023 Jun 6, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 6, 2023 by Kelly Cromley

Decentralized Exchange SushiSwap Partners Layer-1 Blockchain ThunderCore to Novelize the Web3 Gaming Domain

In a recent collaboration, SushiSwap, a well-known decentralized exchange platform, has partnered with ThunderCore, a prominent Layer-1 blockchain network, with the aim of driving innovation within the gaming sector in the Web3 world. This strategic integration seeks to empower liquidity providers (LPs) by offering them the ability to anticipate enhanced Annual Percentage Rates (APRs).

SushiSwap took to its official Twitter account to share details about the partnership, highlighting ThunderCore’s role as a blockchain platform that delivers efficient services while prioritizing usability, security, and scalability. Notably, ThunderCore utilizes a progressive consensus protocol known as PaLa, which enables the platform to achieve over 4,000 transactions per second (TPS) and provide sub-second confirmations, all while maintaining low gas fees. SushiSwap expressed enthusiasm about leveraging ThunderCore’s capabilities to introduce a range of products aimed at bolstering its ecosystem.

Moreover, SushiSwap emphasized that ThunderCore will occupy a significant position among the initial chains eligible for receiving SushiSwap’s v3 rewards. This partnership is set to redefine sustainable advancement and incentivization mechanisms within the decentralized finance (DeFi) sector. SushiSwap also revealed the names of several products launched in collaboration with ThunderCore:

BentoBox: A product designed to optimize capital utilization.
Furo: A versatile solution offering flexible token vesting and asset streaming options.
“Onsen”: A dedicated reward farming platform.
SushiXSwap: A cross-chain swapping tool facilitating seamless swaps.
SushiSwap v3 AMM: A strategic initiative focused on the development and deployment of Automated Market Makers (AMMs).

By forging this alliance, SushiSwap and ThunderCore aim to drive advancements in decentralized finance, while introducing novel products and fostering a thriving ecosystem within the Web3 landscape

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.