Sushi Integrates With ThunderCore
Learn about the new Sushi x ThunderCore integration and what it means for users
- Date
- 0xGenghisGoose
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Welcome to the home of DeFi: Sushi
We are pleased to announce that we have deployed on ThunderCore, a leading L1 blockchain, to bring multiple of our products to their burgeoning ecosystem. As a part of the integration, we are also happy to unveil that together we are implementing a fee boosting model as we look to explore long-term sustainability models between decentralized exchanges (DEXs) and blockchains. With this new model in place, both Sushi and ThunderCore are making an active commitment to the new model by boosting APRs for relevant pools via native token buybacks, sourcing the funds from fees generated by mutual activity on Sushi and ThunderCore.
What Is ThunderCore?
Let’s talk a bit about ThunderCore before we dive into the rest of the announcement - what is it exactly? ThunderCore is a Layer 1 (L1), fully EVM-compatible blockchain with its own novel consensus engine derived from Proof-of-Stake (PoS). Originally developed in 2017 with the goal of increased, cheaper transactions per second (TPS) while maintaining Ethereum’s security, ThunderCore has since blossomed into a major proponent for a fully-interoperable ecosystem with quick and cheap transactions that doesn’t sacrifice on security.
With many protocols, tools and games to choose from, ThunderCore is able to boast a robust ecosystem full of genuine teams that are all looking to improve the chain together, secured by a single underlying token ($TT). As it’s fully EVM-compatible, existing protocols and teams on other chains can easily deploy on the ThunderCore network with minimal changes to their smart contracts and infrastructure, if any at all. With a handful of native services already available such as a bridge, wallet, DEX, pools and farms, it was easy to see that the ThunderCore team was building and delivering on their initial goals and beyond.
Sushi x ThunderCore
The Sushi x ThunderCore integration consists of two main parts, both of which add value for users of Sushi and ThunderCore in different ways.
Sushi Products On ThunderCore
The first major change to note is that Sushi is now live on ThunderCore. Sushi’s new v3 AMM that includes concentrated liquidity pools in addition to other pool types is deployed on ThunderCore, as well as Sushi’s in-house smart order router Tines and new DEX aggregator. v3 can be accessed immediately on the ThunderCore chain and its custodial wallet: TTwallet
The future deployments include:
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BentoBox: Sushi’s underlying token vault that puts unused capital into action, employing the capital in low-risk strategies that increase yield for users on top of any other yield they may be accumulating, automatically
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Furo: Sushi’s token-streaming platform built upon BentoBox which allows for token streaming of any compatible asset to any wallet over any timeframe, along with options to create token vestings and cliffs as well
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Onsen: Onsen farms are Sushi’s “double reward” farms that are for either new projects seeking liquidity or for established projects that Sushi is working with closely; these pools payout in two assets instead of one
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SushiXSwap: Sushi's cross-chain swap tool for quick, trustless swaps between supported chains
Fee Boosting Model
The second part of the integration is a new fee boosting model that we have agreed upon with ThunderCore. In it, we have both agreed that a percentage of fees generated from activity conducted on ThunderCore via Sushi will be used to buy both $SUSHI and $TT. These newly-bought tokens will be used as rewards to be distributed to LPs, boosting APRs for everyone. This means that ThunderCore will also be one of the earliest chains to implement concentrated liquidity farming rewards on Sushi! We view this as a commitment to each other to build one of the best environments possible in DeFi, and we believe the trust is well placed. With both sides of the partnership boosting token rewards, together, now is a great time to make your way over and become an LP!
Looking Ahead
We are excited to see our new partnership with ThunderCore in action and believe this could become a new paradigm in DEX - Blockchain relationships. Deploying our suite of products on ThunderCore helps to flesh out their ecosystem tooling, while coordinating via a fee boosting model allows each team to drive up more rewards for both $SUSHI and $TT; in summary, everyone wins! Let us know what you think about the new integration on either Twitter or Discord and try Sushi on ThunderCore today.
If you’d like to learn more about ThunderCore or Sushi, please consider visiting the links below:
Sushi is building a decentralized, comprehensive DeFi ecosystem complete with AMM, cross-chain capabilities, NFT artist platform and more. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
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