SushiSwap is set to provide a Core blockchain with a DEX aggregator and liquidity pools.
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.
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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.
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