SushiSwap, a decentralized finance (DeFi) platform, has announced its integration with Core, a blockchain protocol that offers unique consensus mechanisms. This integration aims to provide a wide range of DeFi services to the Core ecosystem, including access to SushiSwap’s liquidity pools, cross-chain swaps, and decentralized exchange (DEX) aggregator.
By tapping into Core’s cross-chain functionality, developers building within the Core ecosystem will have increased possibilities for their decentralized applications. Additionally, the integration is expected to enhance the functionality of other DeFi protocols operating on Core by adding liquidity from SushiSwap’s automated market maker platform.
SushiSwap joins ArcherSwap, IceCreamSwap, and OpenEx as the main DeFi protocols operating on Core’s network. The integration with Core will also enable SushiSwap users to benefit from further cross-chain functionality facilitated by Core’s protocol.
A spokesperson for Core explained that the blockchain protocol combines proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms to provide privacy, scalability, and security. This approach leverages the existing Bitcoin infrastructure for security and decentralization, with 40% of Bitcoin’s hash power currently delegated to Core. The protocol is EVM-compatible, allowing for use cases that would not otherwise be possible on Bitcoin.
Core’s proprietary consensus mechanism, called Satoshi Plus, combines critical elements of both PoW and PoS. It involves using Bitcoin miners to participate in the election of Core’s validator set by delegating hashing power to specified validators. Core also utilizes a form of Ethereum’s PoS to verify transactions, providing scalability on top of PoW’s decentralization and security.
In other news, SushiSwap recently addressed concerns following a subpoena from the United States Securities and Exchange Commission (SEC). In response, the platform established a cautionary $3 million Sushi DAO legal defense fund to protect against potential legal issues in the future.
This integration between SushiSwap and Core marks an important milestone in the decentralized finance space. It not only expands the capabilities of both platforms but also enhances cross-chain functionality and liquidity for users. With the DeFi ecosystem constantly evolving, partnerships like this will continue to drive innovation and growth.