SushiSwap Broadens Its DeFi Capabilities through Core Protocol Partnership

Decentralized finance (DeFi) giant SushiSwap is on course to fuse its platform with the rapidly expanding Core blockchain protocol. This strategic integration intends to leverage Core's distinct consensus mechanism, offering a comprehensive spectrum of DeFi services and promoting cross-chain functionality.

Expected to broaden opportunities for developers in the Core ecosystem, this partnership will enable decentralized applications (dApps) built on Core to tap into SushiSwap's abundant liquidity pools, DEX aggregator and facilitate cross-chain swaps.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Aurora in Crypto? NEAR Protocol Token Explained (ANIMATED)

SUBSCRIBE

ON YOUTUBE

It is anticipated that the additional liquidity from SushiSwap's automated market maker platform will enrich the Core ecosystem, enhancing the performance of other Core's DeFi protocols.

The integration aligns SushiSwap with other leading DeFi protocols, such as ArcherSwap, IceCreamSwap, and OpenEx, which already operate on Core's network.

A Core spokesperson illuminated the technical aspects of their Bitcoin-powered blockchain, which ingeniously incorporates proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms. This hybrid approach ensures scalability, security and privacy in the protocol. 

This approach leverages the existing Bitcoin infrastructure for security and decentralization through delegated hash power. Currently, 40% of Bitcoin’s hash is delegated to Core. Core is EVM-compatible, allowing use cases that otherwise would not be possible on Bitcoin.

Additionally, Core improves the decentralized security of the Bitcoin consensus mechanism by incorporating a form of Ethereum's PoS:

Satoshi Plus leverages DPoS to verify transactions by selecting validators that have a combination of staked native tokens and delegated hash power, providing scalability on top of PoW’s significant decentralization and security.

At the beginning of the year, SushiSwap set a plan to increase its market share by ten times during 2023.

Gile K., Market Sentiment Analyst

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

Full Bio

All Expert Contributors & Analysts